Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms
The study examines political connection, governance mechanisms and financial performance relationship, drawing from the agency theory. The study employs a quantitative design, employing cross-sectional data from the annual reports of the sampled companies. The results provide evidence of partial su...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016-11-01
|
| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/3596 |
| _version_ | 1828029603496591360 |
|---|---|
| author | Nosakhare Peter Osazuwa Ayoib Che Ahmad Noriah Che-Adam |
| author_facet | Nosakhare Peter Osazuwa Ayoib Che Ahmad Noriah Che-Adam |
| author_sort | Nosakhare Peter Osazuwa |
| collection | DOAJ |
| description |
The study examines political connection, governance mechanisms and financial performance relationship, drawing from the agency theory. The study employs a quantitative design, employing cross-sectional data from the annual reports of the sampled companies. The results provide evidence of partial support for the agency theory, as gender was positively related to financial performance, while political connection and CEO incentives were negatively related with performance. The finding of the study should interest organisational stakeholders such as auditors shareholders and managers.
Keywords: Accounting; Political connection; Board; CEO incentives; Financial performance; Nigeria.
JEL Classifications: M, G2
|
| first_indexed | 2024-04-10T14:12:46Z |
| format | Article |
| id | doaj.art-0251dd7e128049b7b43c28f25a1a3346 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:12:46Z |
| publishDate | 2016-11-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-0251dd7e128049b7b43c28f25a1a33462023-02-15T16:09:38ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-11-0167SFinancial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance MechanismsNosakhare Peter OsazuwaAyoib Che AhmadNoriah Che-Adam The study examines political connection, governance mechanisms and financial performance relationship, drawing from the agency theory. The study employs a quantitative design, employing cross-sectional data from the annual reports of the sampled companies. The results provide evidence of partial support for the agency theory, as gender was positively related to financial performance, while political connection and CEO incentives were negatively related with performance. The finding of the study should interest organisational stakeholders such as auditors shareholders and managers. Keywords: Accounting; Political connection; Board; CEO incentives; Financial performance; Nigeria. JEL Classifications: M, G2 https://econjournals.com/index.php/ijefi/article/view/3596 |
| spellingShingle | Nosakhare Peter Osazuwa Ayoib Che Ahmad Noriah Che-Adam Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms International Journal of Economics and Financial Issues |
| title | Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms |
| title_full | Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms |
| title_fullStr | Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms |
| title_full_unstemmed | Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms |
| title_short | Financial Performance in Nigerian Quoted Companies: The Influence of Political Connection and Governance Mechanisms |
| title_sort | financial performance in nigerian quoted companies the influence of political connection and governance mechanisms |
| url | https://econjournals.com/index.php/ijefi/article/view/3596 |
| work_keys_str_mv | AT nosakharepeterosazuwa financialperformanceinnigerianquotedcompaniestheinfluenceofpoliticalconnectionandgovernancemechanisms AT ayoibcheahmad financialperformanceinnigerianquotedcompaniestheinfluenceofpoliticalconnectionandgovernancemechanisms AT noriahcheadam financialperformanceinnigerianquotedcompaniestheinfluenceofpoliticalconnectionandgovernancemechanisms |