2022
DOI: 10.33545/26179210.2022.v5.i1a.119
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Corporate governance attributes and financial performance of listed consumer goods companies in Nigeria

Abstract: This study examined the influence of Corporate Governance Attributes (CGA) on the Financial Performance (FP) of listed Consumer Goods Companies (CGCs) in Nigeria. The objectives were to provide empirical evidence of the influence of Corporate Governance Attributes, proxied by Board Size (BS), Board Independence (BI), and Gender Diversity (GD) on the Dependent variable, Financial Performance (FP), proxied by Return on Assets (ROA), which is widely accepted to show the actual result of profitability in many firm… Show more

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Cited by 4 publications
(14 citation statements)
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“…It indicates that liquidity ratio has a negative impact on return on equity. This finding is consistent to the findings of Bala et al (2022). Likewise, the beta coefficients for assets tangibility are positive with return on equity.…”
Section: Estimated Regression Results Of Firm Size Liquidity Ratio As...supporting
confidence: 90%
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“…It indicates that liquidity ratio has a negative impact on return on equity. This finding is consistent to the findings of Bala et al (2022). Likewise, the beta coefficients for assets tangibility are positive with return on equity.…”
Section: Estimated Regression Results Of Firm Size Liquidity Ratio As...supporting
confidence: 90%
“…Liquidity has positive and significant relationship with performance of insurance companies and expenses ratio has negative and significant while leverage and loss ratio have negative and insignificant relationship with performance measured by return on assets (Ngunguni et al, 2020). However, Bala et al (2022) further revealed that, liquidity and premium to assets ratio have negative and significant relationship while size of the firm has positive and significant relationship with performance of the Nigerian insurance companies. Derbali and Jamel (2018) found firm size has positive and significant relationship and assets tangibility and liquidity have positive and insignificant relationship while age of firm and premium growth rate have positive and significant relationship with performance measured by return on assets.…”
Section: Introductionmentioning
confidence: 92%
“…Effective corporate governance ensures transparency, accountability, and fairness in the company's operations, with the ultimate goal of enhancing shareholder value and protecting the interests of all stakeholders.Firm performance, on the other hand, refers to the financial and operational results achieved by a company over a specific period. It encompasses various measures of success, including profitability, revenue growth, market share, operational efficiency, and shareholder returns [21].…”
Section: Corporate Governance and Firm Performancementioning
confidence: 99%
“…In a research conducted by Bala et al [21], the focus was on how corporate governance attributes influenced the financial performance of consumer goods companies listed in Nigeria. The study revealed subpar financial performance among the sampled firms.…”
Section: Empirical Reviewmentioning
confidence: 99%
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