Universitatea din Bucuresti, Facultatea de Administratie si Afaceri

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ISSN-L 2069 - 5756
ISSN 2285 - 0430

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Address

Regina Elisabeta Avenue
No 4 - 12, Sector 1,
Bucharest, Romania

Phones

Phone: +4 021 310 49 20
Fax: +4 021 310 49 20

Editor in chief

Professor Fabio Musso
Departament of Economics, Society, Politics - DESP
University "Carlo Bo", Urbino, Italy

Contacts

ijeb@faa.unibuc.ro
fabio.musso@uniurb.it

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Indexed by : EBSCO-CEEAS | RePEc | Genamic Journal Seek database | Ulrich's Periodicals Directory | nowledge Base Social Sciences Eastern Europe

Relationship between Board Structure Variables and Performance of Listed Manufacturing Firms in Nigeria

 

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  1. Authors:
      • Yusuf Ismaila Mustapha
      • Abdulrasaq Ishola Nafiu

  2. Keywords: Board structure, board size, board composition, ceo-duality, listed manufacturing firms, performance.

  3. 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.

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