Corporate Governance Research in Nigeria: A Review

Ozili, Peterson K

doi:10.2139/ssrn.3758473

Cited by 3 publications

(4 citation statements)

References 94 publications

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“…The core principle of corporate governance in Nigeria is how to make those in the management of the companies more accountable, responsible and sensitive to the interest of shareholders, creditors and members of the public (Ozili, 2020). The Nigerian Code of Corporate Governance (2018) seeks to institutionalize corporate governance best practices in Nigerian companies…”

Section: Introductionmentioning

confidence: 99%

“…On relationship with shareholders reiterating the importance of general meetings, communication with and equitable treatment of shareholders on the ethical conduct of business which extol establishment of policies and mechanisms for monitoring insider trading, related party transactions, conflict of interest and other corrupt activities, on sustainability, pushing for the adoption of environmental and socially sustainable business practices, and on transparency, addressing stakeholders communication and disclosure of material information. (Ozili, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Effect of Corporate Governance on the Earnings Management of Listed Manufacturing Firms in Nigeria

Eleng¹,

Okwo²,

Uguru³

et al. 2022

EJAAFR

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The study examined the effect of corporate governance on the earnings management of listed manufacturing companies in Nigeria. The specific objectives of the study were to investigatethe effect of board size, board gender diversity, board independence, audit committee size, and ownership structure onEarnings Management of Listed Manufacturing Companies in Nigeria. Ex-post facto research design was adopted while panel data was collected a sample of 19 consumer goods companies listed on Nigerian Stock Exchange.The Generalised Least Square Regression Model aided by STATA 14.2 statistical package as used to estimate the effect of corporate governance on the earnings management of listed manufacturing companies in Nigeria.The study found that board size had negative and no significant effect on earnings managementof listed manufacturing companies in Nigeria;board gender diversity hadnegative and no significant effect on earnings management of listed manufacturing companies in Nigeria; board independence had positive and no significant effect on earnings managementof listed manufacturing companies in Nigeria, audit committee size had positive and no significant effect on earning managementof listed manufacturing companies in Nigeria and ownership structure hadnegative and significant effect on earnings managementof listed manufacturing companies in Nigeria.The implications of the findings are that, the size of the firm's corporate board does not influence the volatility in discretionary accruals within the period studied and moreso, the presence of female board members does not determine the earnings manipulation in the firms significantly.The study concluded that increase in the number of independent directors reduces the occurrence of earnings manipulation and the number of directors that make up the audit committee does not affect earnings policy of manufacturing firms.This affirms that directors' holding many shares can influence the occurrence of earnings manipulation. The study recommended that board composition should include a greater proportion of independent outside directors with corporate experience. Independent directors’ ratio to the total board size should be more to allow unbiased decisions on the financial statements.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Effect of Corporate Governance on the Earnings Management of Listed Manufacturing Firms in Nigeria

Eleng¹,

Okwo²,

Uguru³

et al. 2022

EJAAFR

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“…In practice, concerns on the need for strong corporate governance practices were heightened after the high-profile financial scandals that led to the collapse of some industry giants in both developed and developing countries. The highly publicised cases of Enron, Lehman Brothers, Worldcom (U.S.), Parmalat (Italy), Xerox (Japan) Saambou bank and Fidentia (South Africa); Oceanic bank and Cadbury Plc (Nigeria) are all typical examples of high-profile business collapses that were attributed to weak corporate governance amongst other factors (Afrifa & Tauringana, 2015;Ozili, 2020). Consequently, several regulatory changes have since been implemented by different nations in order to strengthen the corporate governance practices of all firms.…”

Section: Introductionmentioning

confidence: 99%

“…Yim (2019) noted that the issues related to corporate governance and collapse remain unresolved in literature, providing ample opportunity for further research. A number of studies have been conducted on corporate governance and on the fact that financial distress of firms is a result of weak corporate governance (Afrifa & Tauringana, 2015;Ozili, 2020;Ayoola & Obokoh, 2018;Manzaneque, Priego, & Merino, 2016;Darrat, Gray, Park, & Wu, 2014;Nworji, Olagunju, & Adeyanju, 2011). However, there are few studies that addressed corporate governance as a means of resolving financial distress in firms, but did not critically analyse whether it was a cure or not.…”

Section: Introductionmentioning

confidence: 99%

Does Corporate Governance Cure Financial Distress? Case Study Analysis of Distressed Firms

Faith Amede,

Ilaboya

2024

Ekonomska misao i praksa

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The paper examined the concepts of corporate governance and financial distress. This was achieved by a review of case studies. The review of literature showed that few studies have actually attempted to address the question of whether corporate governance can cure a financially distressed firm. In an attempt to fill this gap, the study this paper examined corporate governance cases of firms that were financially distressed or eventually collapsed. The idea is to be able to take a position as to whether corporate governance can be used as an antidote to financial distress. To achieve this objective, the paper conducted a case study analysis of financial distress cases from different jurisdictions (Multinational, African and Nigerian firms). Documentary evidences on financial distress and challenges of corporate governance were also reviewed. The result of the case study analyses showed that corporate governance can be a cure for financially distressed firms with a condition that key stakeholders in the firm implement the corporate governance provisions.

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Sustainability disclosure quality of Nigerian listed firms: the role of female leadership, board communication, and external assurance

Elaigwu,

Ugwu,

Alghorbany

et al. 2024

Cogent Business & Management

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Corporate Governance Research in Nigeria: A Review

Cited by 3 publications

References 94 publications

Effect of Corporate Governance on the Earnings Management of Listed Manufacturing Firms in Nigeria

Effect of Corporate Governance on the Earnings Management of Listed Manufacturing Firms in Nigeria

Does Corporate Governance Cure Financial Distress? Case Study Analysis of Distressed Firms

Sustainability disclosure quality of Nigerian listed firms: the role of female leadership, board communication, and external assurance

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