Key Features:
No of pages:93
Table of Content:
Title page
Approval page
Certification
Dedication
Acknowledgements
Abstract
Table of contents
CHAPTER ONE
1.0INTRODUCTION
1.1BACKGROUND OF STUDY
1.2STATEMENT OF PROBLEM
1.3OBJECTIVE OF STUDY
1.4RESEARCH QUESTION
1.5RESEARCH HYPOTHESIS
1.6SIGNIFICANCE OF STUDY
1.7SCOPE OF THE STUDY
1.8LIMITATION OF STUDY
CHAPTER TWO
2.0REVIEW OF RELATED LITERATURE
2.1CONCEPTUAL FRAMEWORK
2.1.1FIRM PERFORMANCE
2.1.2RETURN ON ASSET
2.1.3RETURN ON EQUITY
2.1.4 EARNINGS PER SHARE
2.1.5PROFIT MARGIN
2.1.6CORPORATE GOVERNANCE
2.1.7BOARD SIZE
2.1.8CEO DUALITY
2.1.9 OWNERSHIP CONCENTRATION
2.1.10AUDIT COMMITTEE
2.2THEORETICAL FRAMEWORK
2.2.1 AGENCY THEORY
2.2.2STEWARDSHIP THEORY
2.2.3RESOURCE DEPENDENCY THEORY
2.3EMPIRICAL FRAMEWORK
2.3.1BOARD SIZE AND FIRM PERFORMANCE
2.3.2CEO DUALITY AND FIRM PERFORMANCE
2.3.3OWNERSHIP CONCENTRATION AND FIRM PERFORMANCE
2.3.4 AUDIT COMMITTEE AND FIRM PERFORMANCE
2.3.5SUMMARY OF RELATED LITERATURE
CHAPTER THREE
3.0RESEARCH METHODOLOGY
3.1AREA OF THE STUDY
3.2RESEARCH DESIGN
3.3POPULATION OF STUDY
3.4SAMPLE SIZE AND SAMPLE TECHNIQUES
3.5SOURCE OF DATA
3.6MODEL SPECIFICATION
3.7DETERMINATION OF THE MODEL
3.8METHOD OF DATA COLLECTION
3.9METHOD OF DATA ANALYSIS
CHAPTER FOUR
4.0DATA PRESENTATION AND ANALYSIS
4.1INTRODUCTION
4.2DESCRIPTIVE STATISTICS
4.3CORRELATION ANALYSIS
4.4PANEL MULTIPLE REGRESSION RESULTS
CHAPTER FIVE
5.0SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1SUMMARY OF FINDINGS
5.2CONCLUSION
5.3RECOMMENDATION
5.4FURTHER STUDIES
REFERENCES
APPENDIX
Introduction:
This study examined the effect of corporate governance on firm performance of some selected companies listed on the Nigerian Stock Exchange. The intent of the study was to determine whether corporate governance mechanisms- CEO duality, board size audit committee, and ownership concentration have an effect on firm performance surrogated by return on assets (ROA); return on equity (ROE), profit margin (PM). Data was sourced from annual report of selected companies. It provides empirical evidence for five (5) non-financial firms in Nigeria for a period of 2010 to 2014. In order to achieve this objective, data collected was analyzed using descriptive statistics and Jarque-Bera statistics to test for normality of variables; Pearson correlation matrix was used to check for multi co-linearity presence in a model and to explore the relationship between the explanatory variables and the dependent variable; The Ordinary Least Square (OLS) multiple regression is employed to test the hypotheses. The results reveal that; a) board size has a negative significant effect with return on asset (ROA), return on equity (ROE), earnings per share (EPS) and profit margin (PM); audit committee had a negative significant effect with return on equity (ROE), earnings per share (EPS) and profit margin (PM), but has a positive significant effect on return on asset (ROA); ownership concentration has a negative significant effect on return on asset (ROA), return on equity (ROE), earnings per share (EPS) and profit margin (PM). It is also observed that CEO duality has a negative significant effect on return on asset (ROA), return on equity (ROE), earnings per share (EPS) and profit margin (PM). The advocacy is for the Securities and Exchange Commission to take into cognizance industry specific effects before formulating codes of corporate governance that determine the characteristic of board structure. Proposition is also made for the Corporate Governance Committee of companies to endeavor to do a regular appraisal of their corporate governance compliance status so as to understand its effect on performance.
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