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Relationship Between Board Structure Variables And Performance Of Listed Manufacturing Firms In Nigeria

Author

Listed:
  • Yusuf Ismaila Mustapha

    (University of Ilorin, Nigeria)

  • Abdulrasaq Ishola Nafiu

    (Federal Polytechnic Offa,Nigeria)

Abstract

Corporate board structure has been at the center of policy debate concerning their relevance to organisation’s performance in recent times. Since the value creation of corporate governance can be measured through firm performance, this study investigates the relationship between board size, board composition, CEO-duality and performance of listed manufacturing firms in Nigeria. Content analysis was used to collect secondary information from the thirty listed firms that met the requirement for selection as sample between 2006 and 2010 from Nigerian stock exchange Fact Books. Panel data regression techniques were employed as analytical instrument to test the study hypotheses. Findings of the study revealed that board sizes is positively related to ROA but negatively related to ROE performance variables. The study recommends that firms should appoint more of outside directors (NEDs) than inside executive directors to enable it to maximize the benefits of board independence as well maintain a two-tier board structure.

Suggested Citation

  • Yusuf Ismaila Mustapha & Abdulrasaq Ishola Nafiu, 2017. "Relationship Between Board Structure Variables And Performance Of Listed Manufacturing Firms In Nigeria," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 7(1), pages 131-147.
    • Handle: RePEc:but:ijebfa:v:7:y:2017:i:1:p:131-147
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    References listed on IDEAS

    as
    1. J.J. Brakus & B.H. Schmitt & L. Zarantonello, 2009. "Brand Experience: What Is It? How Do We Measure It? And Does It Affect Loyalty?," Post-Print hal-00799102, HAL.
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