INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This study examined the effect of board characteristics on financial performance of listed consumer goods companies in Nigeria. Data for the study were collected from the annual reports and accounts of the sampled companies for the period of twelve (12) years from 2009 to 2020. The data collected were analysed using descriptive statistics to provide summary statistics for the variables, and correlation analysis was carried out using Pearson Product Moment Correlation technique to assess the correlation between the dependent and independent variables. The diagnostic test of both independent and dependent variable was carried out to ensure the validity of the findings. Fixed effect was use for the testing the study hypotheses using Stata software version 14.0. The study reveals that the independent, positively affect financial performance, which means the variables encouraged performance of companies. The study concluded that board characteristics have a positive effect on financial performance of listed consumer goods companies in Nigeria. The study, therefore, recommended that shareholders of these companies should appoint more independent directors, increase the size of the board, and appoint more females and more financial experts as directors. This would enhance effectiveness in the financial growth of companies with a view to increasing shareholders’ wealth.
Keywords:
BOARD CHARACTERISTICS, FINANCIAL PERFORMANCE, CAPITAL STRUCTURE
Cite Article:
"EFFECT OF BOARD CHARACTERISTICS ON FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.e379-e393, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307444.pdf
Downloads:
000118761
ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Facebook Twitter Instagram LinkedIn