CORPORATE GOVERNANCE ADOPTION, BOARD PECULIARITIES AND FIRM PERFORMANCE IN NIGERIA
This study aims to examine the relationship between corporate governanmce adoption, board structures and firm performamce in Nigeria through a sample of 62 non-financial companies in Nigeria over a period of four years. Many corporate governance studies in developed countries have established links between corporate governance and firm performance. However, in developing countries like Nigeria, very little attention has been given to corporate governance and adoption of corporate best practice. Secondary data (annual reports) was sourced from selected sectors and tested through multiple regression analysis with Driscoll-Kraay standard errors. The findings of the study provide empirical evidence that board characteristics and adoption of corporate governance mechanism is significant and positively related to firm performance. This study contributes greatly to the field of corporate governance by checking the impact of adoption of corporate governance code in Nigeria. Board meeting is found to affect performance when meetings are done not to merely fulfill statutory requirements but to discuss material fact that are affecting the firm.
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