CORPORATE GOVERNANCE AND THE FINANCIAL PERFORMANCE OF QUOTED CEMENT COMPANIES IN NIGERIA

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dc.contributor.authorMohammed, Aliyu
dc.date.accessioned2014-02-11T09:03:12Z
dc.date.available2014-02-11T09:03:12Z
dc.date.issued2012-06
dc.descriptionBeing an M.Sc. Thesis submitted to the Department of Accounting, Ahmadu Bello University, Zaria, in partial fulfillment of the requirements for the award of Master of Sciences (M.Sc.) Degree in Accounting and Financeen_US
dc.description.abstractAbstract Despite the volume of empirical works, there is no consensus on the impact of corporate governance on firm performance generally. This lack of consensus has produced a variety of ideas on how Corporate governance influences firm performance. This study examine the relationship between five corporate governance mechanisms (board size, board composition, composition of audit committee, managerial shareholding and institutional shareholding) and three firm performance measures- dividend per share, (DPS), return on capital employed, (ROCE), and net asset per share, (NAPS), of a sample of four listed cement firms in Nigerian, between 2004 and 2010.Only secondary data is used in the study. Multiple Regressions of OLS is used as a tool of estimation. The results provide evidence of a positive association between performance variable and corporate governance surrogate of Managerial shareholding and institutional shareholding whereas, board size, board composition and composition of audit committee have significant negative relationship with the financial performance of the sampled firms. Consequently, the study recommends, among others, that Boards should comprise of a mix of executive and non-executive directors majority of who should be non-executive directors. Also, board size should composed 5-10 members relative to the scale and complexity of the firm’s operations without compromising independence, compatibility, integrity and availability of members to attend meetings.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/1017
dc.language.isoenen_US
dc.titleCORPORATE GOVERNANCE AND THE FINANCIAL PERFORMANCE OF QUOTED CEMENT COMPANIES IN NIGERIAen_US
dc.typeThesisen_US
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