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Board characteristics and company performance: Evidence from Nigeria


Akpan, Edem Okon and Amran, Noor Afza (2014) Board characteristics and company performance: Evidence from Nigeria. Journal of Finance and Accounting, 2 (3). pp. 81-89. ISSN 2330-7331

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Abstract

This study examines the relationship between board characteristics and company performance(measured by turnover) in Nigeria. The study uses multiple regression technique on 90 sampled firms from the main board of Nigerian Stock Exchange from 2010 to 2012. The empirical evidence shows that board size and board education are positively and significantly related to company performance. While there is no relationship between board equity, board independence, and board age. Also, this study evidences a negative significant between board women and turnover. Their appointment is window dressing as the percentage is too small for meaningful positive effect on company performance. Based on this finding, the study recommends legislation mandating companies listed on Nigerian Stock Exchange to appoint at l east 30 to 35% of women on the board of directors.

Item Type: Article
Additional Information: Corporate Governance, Board Characteristics, Company Performance, Nigeria
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Othman Yeop Abdullah Graduate School of Business
Depositing User: Dr. Noor Afza Amran
Date Deposited: 29 Sep 2014 08:56
Last Modified: 17 Apr 2016 06:16
URI: http://repo.uum.edu.my/id/eprint/12228

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