Board dynamics and firm performance: The case of Nigeria

This study examines the relationship between board characteristics and company performance in Nigeria. The paper uses secondary data from 90 companies listed on the Nigerian Stock Exchange over a period of three years from 2010-2012. Conceptual framework was developed based on extensive review of li...

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Main Author:	Okon, Akpan Edem
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/5042/1/s811010.pdf https://etd.uum.edu.my/5042/2/s811010_abstract.pdf
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id	my-uum-etd.5042
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Amran, Noor Afza
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Okon, Akpan Edem Board dynamics and firm performance: The case of Nigeria
description	This study examines the relationship between board characteristics and company performance in Nigeria. The paper uses secondary data from 90 companies listed on the Nigerian Stock Exchange over a period of three years from 2010-2012. Conceptual framework was developed based on extensive review of literature and hypotheses postulated to examine the relationship between board size, board composition, board equity, women on board, board age and board higher educational qualification. Firm performance is measured by Turnover and Return on equity. Empirical analysis was undertaken using multiple regressions. The findings of the study show that board size, board age and board equity were negatively significant measured by ROE. However, when measured by Turnover board education and board size were significant and positively correlated with firm performance, while board women are negatively significant. On the other hand, board composition was found to be insignificant. The study recommends legislation mandating companies to appoint at least 30-35% of women on board of directors
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Okon, Akpan Edem
author_facet	Okon, Akpan Edem
author_sort	Okon, Akpan Edem
title	Board dynamics and firm performance: The case of Nigeria
title_short	Board dynamics and firm performance: The case of Nigeria
title_full	Board dynamics and firm performance: The case of Nigeria
title_fullStr	Board dynamics and firm performance: The case of Nigeria
title_full_unstemmed	Board dynamics and firm performance: The case of Nigeria
title_sort	board dynamics and firm performance: the case of nigeria
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2014
url	https://etd.uum.edu.my/5042/1/s811010.pdf https://etd.uum.edu.my/5042/2/s811010_abstract.pdf
_version_	1776103662361247744
spelling	my-uum-etd.50422022-12-28T00:37:37Z Board dynamics and firm performance: The case of Nigeria 2014 Okon, Akpan Edem Amran, Noor Afza College of Business (COB) Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations This study examines the relationship between board characteristics and company performance in Nigeria. The paper uses secondary data from 90 companies listed on the Nigerian Stock Exchange over a period of three years from 2010-2012. Conceptual framework was developed based on extensive review of literature and hypotheses postulated to examine the relationship between board size, board composition, board equity, women on board, board age and board higher educational qualification. Firm performance is measured by Turnover and Return on equity. Empirical analysis was undertaken using multiple regressions. The findings of the study show that board size, board age and board equity were negatively significant measured by ROE. However, when measured by Turnover board education and board size were significant and positively correlated with firm performance, while board women are negatively significant. On the other hand, board composition was found to be insignificant. The study recommends legislation mandating companies to appoint at least 30-35% of women on board of directors 2014 Thesis https://etd.uum.edu.my/5042/ https://etd.uum.edu.my/5042/1/s811010.pdf text eng public https://etd.uum.edu.my/5042/2/s811010_abstract.pdf text eng public masters masters Universiti Utara Malaysia Adams, R. & Mehra,.H. (2002). Board structure and bankingfirm performance. Working Paper, Federal Reserve Bank of New York. Adams, R. B., & Mehran, H. (2005).Corporate performance, board structure and its determinants in the Banking 1ndustry.EFA 2005 MOSCOW Meetings. Adams, R.B., & Ferreira, D. (2009).Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94(2), 291-309. Adewakun, A. 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