The influence of board mechanisms to the perceived performance of listed firms in Nigeria

The influence of board mechanisms to the perceived performance of listed firms in Nigeria

The formation of the board of directors has led to the ever growing debate in the area of corporate governance in Nigeria. Essentially, there is a growing concern about the effectiveness of the board of director to firm performance, This study attempts to investigate an empirical study on the influe...

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Main Author: Nuhu, Mohammed
Format: Thesis
Language:eng
eng
Published: 2017
Subjects:
HD2709-2930.7 Corporations
Online Access:https://etd.uum.edu.my/7242/1/s900697_01.pdf
https://etd.uum.edu.my/7242/2/s900697_02.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Ahmad, Sa'ari
topic HD2709-2930.7 Corporations
spellingShingle HD2709-2930.7 Corporations
Nuhu, Mohammed
The influence of board mechanisms to the perceived performance of listed firms in Nigeria
description The formation of the board of directors has led to the ever growing debate in the area of corporate governance in Nigeria. Essentially, there is a growing concern about the effectiveness of the board of director to firm performance, This study attempts to investigate an empirical study on the influence of board mechanisms on the perceived firm performance of listed firm in Nigeria. The underpinning theory of the study is rooted in agency theory, supported by three theories of corporate governance such as stewardship, resource dependence, and stakeholder theory to increase the understanding of the influence of board mechanisms to perceived firm performance. The data were collected through proportionate stratified random sampling techniques. The questionnaires were sent to the respondents. Out of 476 questionnaires sent, 401 returned. The number of valid questionnaires is 362. Data were analyzed using partial least squares structural equation modeling (PLS-SEM). Empirical findings showed that board size, independence non-executive director, CEO duality, female gender diversity, board competence, board professional knowledge, and experience were positively associated with perceived firm performance. Also, board ethnicity conflict was found to be negatively and statistically significantly related to perceived firm performance. However, director skills did not show any significant link to perceived firm performance. The findings contribute, theoretically to the knowledge of corporate governance. In the context of corporate governance, this is the first study that focused on the issues of methodological changes by using primary data to investigate the influence of board mechanisms on the perceived firm performance of listed firm in Nigeria. The findings provide policymakers, stakeholders, and government with a better picture of the formation of the board of directors. The study also offers some suggestions for future research.
format Thesis
qualification_name other
qualification_level Doctorate
author Nuhu, Mohammed
author_facet Nuhu, Mohammed
author_sort Nuhu, Mohammed
title The influence of board mechanisms to the perceived performance of listed firms in Nigeria
title_short The influence of board mechanisms to the perceived performance of listed firms in Nigeria
title_full The influence of board mechanisms to the perceived performance of listed firms in Nigeria
title_fullStr The influence of board mechanisms to the perceived performance of listed firms in Nigeria
title_full_unstemmed The influence of board mechanisms to the perceived performance of listed firms in Nigeria
title_sort influence of board mechanisms to the perceived performance of listed firms in nigeria
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2017
url https://etd.uum.edu.my/7242/1/s900697_01.pdf
https://etd.uum.edu.my/7242/2/s900697_02.pdf
_version_ 1747828180540981248
spelling my-uum-etd.72422021-05-10T08:08:32Z The influence of board mechanisms to the perceived performance of listed firms in Nigeria 2017 Nuhu, Mohammed Ahmad, Sa'ari Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations The formation of the board of directors has led to the ever growing debate in the area of corporate governance in Nigeria. Essentially, there is a growing concern about the effectiveness of the board of director to firm performance, This study attempts to investigate an empirical study on the influence of board mechanisms on the perceived firm performance of listed firm in Nigeria. The underpinning theory of the study is rooted in agency theory, supported by three theories of corporate governance such as stewardship, resource dependence, and stakeholder theory to increase the understanding of the influence of board mechanisms to perceived firm performance. The data were collected through proportionate stratified random sampling techniques. The questionnaires were sent to the respondents. Out of 476 questionnaires sent, 401 returned. The number of valid questionnaires is 362. Data were analyzed using partial least squares structural equation modeling (PLS-SEM). Empirical findings showed that board size, independence non-executive director, CEO duality, female gender diversity, board competence, board professional knowledge, and experience were positively associated with perceived firm performance. Also, board ethnicity conflict was found to be negatively and statistically significantly related to perceived firm performance. However, director skills did not show any significant link to perceived firm performance. The findings contribute, theoretically to the knowledge of corporate governance. In the context of corporate governance, this is the first study that focused on the issues of methodological changes by using primary data to investigate the influence of board mechanisms on the perceived firm performance of listed firm in Nigeria. The findings provide policymakers, stakeholders, and government with a better picture of the formation of the board of directors. The study also offers some suggestions for future research. 2017 Thesis https://etd.uum.edu.my/7242/ https://etd.uum.edu.my/7242/1/s900697_01.pdf text eng public https://etd.uum.edu.my/7242/2/s900697_02.pdf text eng public other doctoral Universiti Utara Malaysia Abdullah, H. and B. Valentine (2009). Fundamental and ethics theories of corporate governance, Middle Eastern Finance, and Economics, 1(4), 88-96. Adamu, A. (2009). The effects of the global financial crisis on Nigerian economy available at SSRN 1397232. Adedipe, R. (2004). The dividend puzzle. The Journal of Portfolio Management 12: 52-56. Adegbite, E. 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