FIRM CHARACTERISTICS, GOVERNANCE MECHANISMS AND FINANCIAL PERFORMANCE OF LISTED BUILDING MATERIALS FIRMS IN NIGERIA

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dc.contributor.authorABDULLAHI, Murtala
dc.date.accessioned2016-07-20T08:01:30Z
dc.date.available2016-07-20T08:01:30Z
dc.date.issued2016-01
dc.descriptionA DISSERTATION SUBMITTED TO THE SCHOOL OF POSTGRADUATE STUDIES, AHMADU BELLO UNIVERSITY ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF SCIENCE (M.Sc.) ACCOUNTING AND FINANCE DEPARTMENT OF ACCOUNTING FACULTY OF ADMINISTRATION AHMADU BELLO UNIVERSITY, ZARIA, NIGERIAen_US
dc.description.abstractA common phenomenon in the previous studies is that firm characteristics and corporate governance mechanisms were not combined in one study in Nigeria. This means that the contribution of either of the two in relationship to the effect of the other on financial performance of a firm is not investigated. Therefore, this study investigated the impact of firm characteristics and governance mechanisms on financial performance of listed building materials firms in Nigeria. The study formulated five hypotheses and used generalized least square multiple regression to analyze the secondary data extracted from the annual reports and accounts of the seven sampled firms for the period 2005 to 2014. The study found that leverage and firm size have significant impact on the financial performance of building materials firms in Nigeria. The study also found that liquidity, operating expenses and managerial shareholdings have no significant effect on the financial performance of the firms. In view of the findings, it is recommended among others that the management of listed building materials firms should reduce the level of leverage in their capital structure and focus more attention on equity financing, and decrease their assets and reduce the scope of their activities in order to decrease their size. The regulatory authority should determine the minimum and maximum percentage of firms’ equity to be owned by management of listed firms in Nigeria.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/8110
dc.language.isoenen_US
dc.subjectFIRM CHARACTERISTICS,en_US
dc.subjectGOVERNANCE MECHANISMS,en_US
dc.subjectFINANCIAL PERFORMANCE,en_US
dc.subjectLISTED BUILDING MATERIALS FIRMS,en_US
dc.subjectNIGERIAen_US
dc.titleFIRM CHARACTERISTICS, GOVERNANCE MECHANISMS AND FINANCIAL PERFORMANCE OF LISTED BUILDING MATERIALS FIRMS IN NIGERIAen_US
dc.typeThesisen_US
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