Impact of Corporate Governance on Firms Financial Performance
Impact of Corporate Governance on Firms Financial Performance

Author: Dr. Francis Udeh

Publisher:

Published: 2017

Total Pages: 9

ISBN-13:

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This study evaluated the Impact of Corporate Governance on Firms Financial Performance in Nigeria Quoted Banks in order to determine the Banks Financial Performance before and after the introduction of Code of Corporate Governance in Nigeria. The main objective of this study is to evaluate Board Composition with a view to determining its impact on Firms Financial Performance. Board Composition was used as measure of Corporate Governance while Return on Capital Employed (ROCE), was used to operationalise Financial Performance. The study is anchored on Shareholders theory. The Population of this study comprised fifteen (15) banks whose shares are quoted on Nigeria Stock Exchange. Judgmental sampling technique was used to select seven (7) banks from the entire Population of the study (which makes up the sample size). Data were obtained from secondary source (published financial statements of the selected quoted banks) covering the periods of 2003-2014. The method of data analysis utilised was Ordinary Least Squares Regression Analysis. A model was formulated. The findings from this study showed that Board composition has a negative, though insignificant impacts on ROCE during the 2003-2008 period (p1) and during the 2009-2014 period (p2). In conclusion, the way in which corporate governance is organised differs among countries, depending on the economic, political and social contexts. We therefore recommend that the directors of board should adhere to CBN regulations and guidelines in bank management, with this, they can achieve their aim and shareholders confidence will be restored, on the board.

Corporate Governance and Firm Performance
Corporate Governance and Firm Performance

Author: Mark Hirschey

Publisher: Emerald Group Publishing

Published: 2009-04-16

Total Pages: 268

ISBN-13: 1848555369

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Focuses on corporate governance, broadly defined as the system of controls that helps corporations and other organizations effectively manage, administer, and direct economic resources. This book focuses on: the impact of deregulation and corporate structure on productive efficiency; and the effectiveness of the fraud triangle and SAS.

ESG and Financial Performance. The Effects of Audit Quality and National Culture in the Nigerian and Kenyan Context
ESG and Financial Performance. The Effects of Audit Quality and National Culture in the Nigerian and Kenyan Context

Author: Ursule Yvanna Otek Ntsama

Publisher: GRIN Verlag

Published: 2023-03-22

Total Pages: 149

ISBN-13: 334683882X

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Doctoral Thesis / Dissertation from the year 2022 in the subject Business economics - Business Management, Corporate Governance, grade: 3.9, Dongbei University of Finance and Economics, language: English, abstract: This research is motivated by the need to show whether environmental, social, and governance performance (ESG) is highly linked to the African companies’ performances, and national culture. Besides, this study examines the impacts of audit quality and the national culture on the relationship between financial performance and environmental, social, and governance (ESG) criteria. The introduction of ESG practices has started lately in sub-Saharan African countries, but its implementation has been easier as the African context prones social factors that facilitate its development. Although several studies have explored the nexus between ESG, audit quality and firm financial performance, the outcomes of research on the financial performance-ESG’s relationship are contradicting and further research is needed. These areas include (1) the mediating role of audit quality in the relationship between corporate governance and firm performance; (2) the moderated mediating role of national culture in the relationship between ESG and financial performance through audit quality, (3) the impact of each ESG characteristics such as environment, social, governance scores and audit firm size on firm performance. Thus, the aims of the study are to examine (1) the impact of environment, social, governance criteria on firm financial performance; (2) the relationship environment, social, governance criteria and audit quality; (3) the effect of audit quality on firm financial performance; (4) the mediating role of audit quality in the relationship ESG and firm financial performance; and (5) the ESG performance of companies deviating between firms from different countries, the last key objective is to fill the research gap by examining the moderated mediating role of the four cultural dimensions of Hofstede –power distance, uncertainty avoidance, individualism, and masculinity- on the impact of ESG on firm financial performance through audit quality.

Earnings Management and Corporate Governance. An Investigation of Financial Statement Reporting of Publicly Listed Companies in Nigeria
Earnings Management and Corporate Governance. An Investigation of Financial Statement Reporting of Publicly Listed Companies in Nigeria

Author: Ademola Akinteye

Publisher: GRIN Verlag

Published: 2019-12-09

Total Pages: 862

ISBN-13: 334607871X

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Doctoral Thesis / Dissertation from the year 2015 in the subject Business economics - Investment and Finance, grade: Great Distinction, UGSM-Monarch Business School Switzerland (Accounting and Finance), course: Doctor of Philosophy in Finance, language: English, abstract: The dissertation examined Earnings Management and Corporate Governance Governance Practices of the firms that are listed on the floor of the Nigerian Stock Exchange. The researcher investigated the published financial statements of all the listed companies across all the sectors of the exchange using empirical quantitative research methods. Al the variables of earnings management were extracted from the published annual financial statements and Directors Annual Reports through Content Analysis. The paper further explored all the variables of corporate governance as published by the Directors in the Annual Reports in the Financial Statements and through a face to face recorded interviews of the members of the Board of Directors, the members of the Audit Committees and the Heads of Internal Audit Functions in the Listed Public Companies. The study documented that companies that are listed on the Nigerian Stock Exchange are involved in both the upward and downward earnings management practices. This findings cut across all the Sectors and categorization of the companies on the Nigerian Stock Exchange. The research thus recommended the need for better oversight by the Board of Directors, the Audit Committee and the Market Regulators mainly the Security and Exchange Commission and the Nigerian Stock Exchange. The findings of the Research on Corporate Governance is mixed. In certain sectors, evidence of strong corporate governance are documented as reflected in the quality of Board Members, the Quality of the deliberations at the Board meetings, the independence of the Board, the independence of the Audit Committee and the independence and effectiveness of the Head of the Internal Audit function measured by the reporting line of the holder of this role. In some sectors, the ingredients of strong corporate governance were missing thus suggesting a need for a more stricter regime of corporate governance to be implemented in these corporations.

Corporate Governance in Nigeria
Corporate Governance in Nigeria

Author: Bello Marshall

Publisher: African Books Collective

Published: 2020-07-01

Total Pages: 252

ISBN-13: 978591657X

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Corporate Governance in Nigeria: Current Practices and Emerging Trends examines in a detailed approach the current status and structure of corporate governance in Nigeria. It outlines the basis for sound corporate governance as it relates to internal and external mechanisms put in place to ensure adequate control between different stakeholders through statutory and non-statutory regulations to enhance the economic vitality of economic entities in a country. The effectiveness or otherwise of corporate governance practice in a country is basically determined by legal, regulatory, institutional and value systems put place along with the economic status of the country.

Issues in Corporate Governance in Nigeria
Issues in Corporate Governance in Nigeria

Author: Nwude Chy

Publisher: GRIN Verlag

Published: 2018-08-27

Total Pages: 37

ISBN-13: 3668782709

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Masterarbeit aus dem Jahr 2018 im Fachbereich BWL - Unternehmensforschung, Operations Research, , Sprache: Deutsch, Abstract: Corporate governance refers to the system through which organization are directed and controlled. Following the experiences of failed companies in America and Europe in recent times and the resultant consequence on unemployment, wealth creation and shareholder value, corporate governance has taken a centre stage worldwide especially in emerging economies such as Nigeria that can ill-afford system failure. Typically, in public corporations directors are elected by shareholders to manage the affairs of the corporate on their behalf; which by implications imposes on the directors fiduciary responsibilities. A person with fiduciary duty is a person entrusted with the power or property with the understanding that the person is working for the benefit of the individual(s) who may have entrusted them with such responsibilities – therefore directors have fiduciary responsibilities to work in the best interest of shareholders and for the benefit of shareholders not in the interest of some other people or their individual interest. From all indications, the current global financial crises have revealed severe shortcoming in corporate governance across the global, there seems to be a common factor, an apparent lack of checks and balances needed by companies in order to cultivate sound business ethics bringing about the concern for improved corporate governance across all continents, this provides the needed motivation for this study. In Nigeria; for instance several public companies including local subsidiaries of western multinational companies have been criticized for various degrees of unethical practices. The case of Cadbury Nigeria PLC referred to as ‘Deliberate breaches of accounting system and controls’, are only a tip of the ice berg in Nigeria, a country that has for many years been sapped by widespread corruption. The choice of Cadbury Nigeria Plc for this study is because of their strategic importance as industrial giant in Nigeria that are presumed to be well established and respected for decades. It is expected that this study will contribute to knowledge on corporate governance as well as proffer some solution to the shortcomings and challenges of corporate governance issues with reference to Nigeria.

Corporate Governance in Nigeria
Corporate Governance in Nigeria

Author: Olawoye Olaniran

Publisher: LAP Lambert Academic Publishing

Published: 2013

Total Pages: 84

ISBN-13: 9783659493096

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This book is written as addition effort to providing solution to increasing rates of corporate firms closure and shut down in Nigeria, especially in the last one decade.It is also designed to enable Nigerians, and, indeed African corporate firms resource managers identify and conform with global best practices in contemporary governance mechanisms.The book emphasizes the need for regulatory bodies and authorities to encourage, or even compel, firms managers to maintain a reasonable Board of directors size, as overly large Board may hinder effective performance of corporate firms.Again, the belief that external Board members may provide significant moderating influence on internal Board members was found not to be true and accurate, based on the performance indicators of firms studied in Nigeria.This book undoubtedly represents a credible source of information on the subject matter to Corporate firms managers, researchers, policy makers, including government diktats in Nigeria, Africa, and other parts of th