ABSTRACT
The study focused on the effect
of corporate governance on the performance of manufacturing firms in Nigeria.
An ex-post facto research design was adopted and data collected from secondary
sources were analysed using ordinary least square techniques. From the
regression result for the relationship between board size and performance, the
coefficient of the model is found out to be positive (0.316). This result shows
that board size and performance in terms of ROE move in the same direction. The
positive relationship is also seen to be considerably important to the performance
of firms. This indicates a significant negative effect of board size on the
financial performance of the listed firms. The result also revealed that on the
relationship between proportion of outside directors and financial performance
indicates that significant negative relationship exist between the two
variables. Furthermore the study revealed that the audit committee has no significant
impact on performance. From analysis the study therefore that a positive
relationship exist between manufacturing firm performance, board size and board
composition (proportion of non-executive directors). That is, a reasonably
moderate correlation exists between poor performance and subsequent increase in
board size and independence. While there is no significant relationship between
Audit committee and performance of manufacturing firms. Based on the findings
of this research, the study provides recommendations that efforts to improve
corporate governance should focus on the value of the stock ownership of board
members, since it is positively related to both future operating performance
and to the probability of disciplinary management turnover in poorly performing
ZIGEDE, L (2021). Effect Of Corporate Governance On The Performance Of Manufacturing Firms In Nigeria. Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-corporate-governance-on-the-performance-of-manufacturing-firms-in-nigeria-7-2
LUZ, ZIGEDE. "Effect Of Corporate Governance On The Performance Of Manufacturing Firms In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-corporate-governance-on-the-performance-of-manufacturing-firms-in-nigeria-7-2. Accessed 02 Nov. 2024.
LUZ, ZIGEDE. "Effect Of Corporate Governance On The Performance Of Manufacturing Firms In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 28 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-corporate-governance-on-the-performance-of-manufacturing-firms-in-nigeria-7-2 >.
LUZ, ZIGEDE. "Effect Of Corporate Governance On The Performance Of Manufacturing Firms In Nigeria" Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-corporate-governance-on-the-performance-of-manufacturing-firms-in-nigeria-7-2