Board characteristics and company performance: Evidence from Nigeria
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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Science Publishing group
2014
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/12228/1/Ed.pdf |
| _version_ | 1825802971738275840 |
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| author | Akpan, Edem Okon Amran, Noor Afza |
| author_facet | Akpan, Edem Okon Amran, Noor Afza |
| author_sort | Akpan, Edem Okon |
| collection | UUM |
| description | 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. |
| first_indexed | 2024-07-04T05:49:19Z |
| format | Article |
| id | uum-12228 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:49:19Z |
| publishDate | 2014 |
| publisher | Science Publishing group |
| record_format | eprints |
| spelling | uum-122282016-04-17T06:16:59Z https://repo.uum.edu.my/id/eprint/12228/ Board characteristics and company performance: Evidence from Nigeria Akpan, Edem Okon Amran, Noor Afza HF5601 Accounting 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. Science Publishing group 2014-06-20 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/12228/1/Ed.pdf 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 http://dx.doi.org/10.11648/j.jfa.20140203.17 doi:10.11648/j.jfa.20140203.17 doi:10.11648/j.jfa.20140203.17 |
| spellingShingle | HF5601 Accounting Akpan, Edem Okon Amran, Noor Afza Board characteristics and company performance: Evidence from Nigeria |
| title | Board characteristics and company performance: Evidence from Nigeria |
| title_full | Board characteristics and company performance: Evidence from Nigeria |
| title_fullStr | Board characteristics and company performance: Evidence from Nigeria |
| title_full_unstemmed | Board characteristics and company performance: Evidence from Nigeria |
| title_short | Board characteristics and company performance: Evidence from Nigeria |
| title_sort | board characteristics and company performance evidence from nigeria |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/12228/1/Ed.pdf |
| work_keys_str_mv | AT akpanedemokon boardcharacteristicsandcompanyperformanceevidencefromnigeria AT amrannoorafza boardcharacteristicsandcompanyperformanceevidencefromnigeria |