Journal ArticleDOI
Corporate governance structure and firm performance in developing economies: evidence from Nigeria
Reads0
Chats0
TLDR
In this article, the authors examined the link between corporate governance structure and firm performance in Nigeria, using the regression model to analyze publicly available data for a sample of 107 firms quoted in the Nigerian Stock Exchange for the fiscal years 1998 to 2002.Abstract:
– The purpose of this paper is to examine the link between corporate governance structure and firm performance in Nigeria, – The present study uses the regression model to analyze publicly available data for a sample of 107 firms quoted in the Nigerian Stock Exchange for the fiscal years 1998 to 2002, – The empirical investigations showed that ownership concentration has a positive impact on performance Although the results revealed no evidence to support the impact of board composition on performance, there is significant evidence to support the fact that CEO duality adversely impact firm performance The result also suggests firm size and leverage to impact on firm performance A new variable, identified as more than one family member on the board, is found to have an adverse effect on firm performance, – The study relied much on publicly available data for a sample of 107 listed firms in Nigeria for the fiscal years 1998 to 2002 Thus, effort should be made to look at this study in a more elaborate viewpoint and across borders, – Good corporate governance standards are imperative to every organization and should be encouraged for the interest of the investors and other stakeholders, – Interestingly, from a developing country perspective, especially in sub‐Saharan Africa, the paper is the first of its kind and offers evidence on the impact of corporate governance structure on firm performance The paper provides useful information that is of great value to policy makers, academics and other stakeholdersread more
Citations
More filters
Journal ArticleDOI
Corporate governance and firm performance in developing countries: evidence from India
Akshita Arora,Chandan Sharma +1 more
TL;DR: In this paper, the impact of corporate governance on firm performance for a large representative sample was examined and the outcomes of the analyses advocated that companies that comply with good corporate governance practices can expect to achieve higher accounting and market performance.
Journal ArticleDOI
Effect of board size and promoter ownership on firm value: some empirical findings from India
Naveen Kumar,J.P. Singh +1 more
TL;DR: In this article, the effect of corporate board size and promoter ownership on firm value for selected Indian companies was examined using linear regression analysis, and the empirical findings showed a negative relationship of board size with firm value and significant positive association of promoter ownership with corporate performance.
Journal ArticleDOI
Corporate governance and firm performance in emerging markets: Evidence from Turkey
TL;DR: This paper found that more concentrated ownership, often in the hands of families, led to firms performing better; concentrated ownership means that controlling families bear more of the risks of poor performance, and mechanisms that accord room for a greater range of voices and interests within and beyond families seem to also make for positive performance effects.
Journal ArticleDOI
The Measurements of Firm Performance's Dimensions
TL;DR: In this article, a review of the literature of corporate governance and firm performance reveals that different measures have been used by the researchers to measure the performance and classified those measurements into accounting-based and market-based indicators.
Journal ArticleDOI
State ownership and firm performance: Empirical evidence from Chinese listed companies
TL;DR: Li et al. as mentioned in this paper applied panel data regression techniques to 10,639 firm-year observations of non-financial Chinese listed firms during 2003-2010 to examine the relationship between state ownership and firm performance.
References
More filters
Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Posted Content
Law and Finance
Rafael La Porta,Rafael La Porta,Florencio Lopez de Silanes,Florencio Lopez de Silanes,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +7 more
TL;DR: This paper examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common law countries generally have the best, and French civil law countries the worst, legal protections of investors.
Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
Journal ArticleDOI
Law and Finance
TL;DR: In this article, the authors examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common-law countries generally have the strongest, and French civil law countries the weakest, legal protections of investors, with German- and Scandinavian-civil law countries located in the middle.
Posted Content
A Survey of Corporate Governance
TL;DR: The authors surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and presents a survey of the literature.