Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies.
This study examines the influence of board characteristics and corporate performance on CEO turnover decisions using a sample of 144 firms from non-financial companies listed on the Nigerian Stock exchange between the periods of 2011 to 2015. The study adopts agency and resource dependency theories...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
OMJP Alpha Publishing
2017
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/26146/1/IPJAS%201%204%202017%204%2020.pdf |
| _version_ | 1825805419830837248 |
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| author | Abdullahi, Yahya Uthman Ishak, Rokiah Sawandi, Norfaiezah |
| author_facet | Abdullahi, Yahya Uthman Ishak, Rokiah Sawandi, Norfaiezah |
| author_sort | Abdullahi, Yahya Uthman |
| collection | UUM |
| description | This study examines the influence of board characteristics and corporate performance on CEO turnover decisions using a sample of 144 firms from non-financial companies listed on the Nigerian Stock exchange between the periods of 2011 to 2015. The study adopts agency and resource dependency theories to support its objectives and applies a logistic regression statistical technique to analyse the results. The results show that board nominating committee has a significant positive relationship with CEO turnover and board gender diversity has a negative influence on CEO turnover. Also, the study also finds that poor corporate performance leads to CEO turnover. On the overall, the findings indicate that company performance, board nominating committee and gender diversity in the boardroom are consequential in the Nigerian corporate landscape. In line with the findings, this study suggests that the government should enact legislation on gender quota for more women appointment to the board of the corporation to better the performance of the firm, and as well to enhance the monitoring role of the board. |
| first_indexed | 2024-07-04T06:32:01Z |
| format | Article |
| id | uum-26146 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:32:01Z |
| publishDate | 2017 |
| publisher | OMJP Alpha Publishing |
| record_format | eprints |
| spelling | uum-261462019-06-30T03:02:21Z https://repo.uum.edu.my/id/eprint/26146/ Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. Abdullahi, Yahya Uthman Ishak, Rokiah Sawandi, Norfaiezah HF5601 Accounting This study examines the influence of board characteristics and corporate performance on CEO turnover decisions using a sample of 144 firms from non-financial companies listed on the Nigerian Stock exchange between the periods of 2011 to 2015. The study adopts agency and resource dependency theories to support its objectives and applies a logistic regression statistical technique to analyse the results. The results show that board nominating committee has a significant positive relationship with CEO turnover and board gender diversity has a negative influence on CEO turnover. Also, the study also finds that poor corporate performance leads to CEO turnover. On the overall, the findings indicate that company performance, board nominating committee and gender diversity in the boardroom are consequential in the Nigerian corporate landscape. In line with the findings, this study suggests that the government should enact legislation on gender quota for more women appointment to the board of the corporation to better the performance of the firm, and as well to enhance the monitoring role of the board. OMJP Alpha Publishing 2017 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/26146/1/IPJAS%201%204%202017%204%2020.pdf Abdullahi, Yahya Uthman and Ishak, Rokiah and Sawandi, Norfaiezah (2017) Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. Indian-Pacific Journal of Accounting and Finance (IPJAF), 1 (4). pp. 4-20. ISSN 2600-9161 http://ipjaf.omjpalpha.com/index.php/ipjaf/article/view/23 |
| spellingShingle | HF5601 Accounting Abdullahi, Yahya Uthman Ishak, Rokiah Sawandi, Norfaiezah Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. |
| title | Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. |
| title_full | Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. |
| title_fullStr | Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. |
| title_full_unstemmed | Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. |
| title_short | Board characteristics, corporate performance and CEO turnover decisions: an empirical study of listed non-financial companies. |
| title_sort | board characteristics corporate performance and ceo turnover decisions an empirical study of listed non financial companies |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/26146/1/IPJAS%201%204%202017%204%2020.pdf |
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