Corporate Governance Structure and Institutional Investment: Evidence from a Developing Country

In recent times, the corporate governance structure debate has tended to expand the objective of business beyond the maximization of shareholders’ wealth to include discharge of duty to the society. This study examines the influence of corporate governance structure and institutional investment of 32 listed companies on the NSE, covering the period of 2006-2010. The postulated hypotheses were tested, using multiple linear regression (MLR) analysis. The empirical results showed no significant influence between corporate governance and institutional investors. Rather, institutional investors exert a significant and, positive influence on corporate governance structure. The studies advocate that given more attention to the large institutional investment, since there is a positive relationship between corporate governance structure and the whole number of institutional investors. And a negative influence between corporate governance structure and volume of institutional investors. To have better monitoring by large institutional investors, they should set up board of investee companies in order to have wider bird’s view image the capital market authority and NSE should set regulations that prevent a percentage holding of share in the companies to protect the control by few institutional investors. The study also recommends further investigations into the influence of corporate governance structure and institutional investors, using larger sample size, covering more years, and including particularly the banking sectors that has witnessed major reforms since 2005 and plays a critical role in the economic development of Nigeria

Corporate Governance Structure and Institutional Investment: Evidence from a Developing Country

In recent times, the corporate governance structure debate has tended to expand the objective of business beyond the maximization of shareholders’ wealth to include discharge of duty to the society. This study examines the influence of corporate governance structure and institutional investment of 32 listed companies on the NSE, covering the period of 2006-2010. The postulated hypotheses were tested, using multiple linear regression (MLR) analysis. The empirical results showed no significant influence between corporate governance and institutional investors. Rather, institutional investors exert a significant and, positive influence on corporate governance structure. The studies advocate that given more attention to the large institutional investment, since there is a positive relationship between corporate governance structure and the whole number of institutional investors. And a negative influence between corporate governance structure and volume of institutional investors. To have better monitoring by large institutional investors, they should set up board of investee companies in order to have wider bird’s view image the capital market authority and NSE should set regulations that prevent a percentage holding of share in the companies to protect the control by few institutional investors. The study also recommends further investigations into the influence of corporate governance structure and institutional investors, using larger sample size, covering more years, and including particularly the banking sectors that has witnessed major reforms since 2005 and plays a critical role in the economic development of Nigeria

Board Characteristics and Firm Values of Quoted Consumer Goods Firms in Nigeria

The study examined the implication of board characteristics on firms’ values of quoted consumer goods firm in Nigeria over the period of 2010 to 2020. The study employed secondary data from annual report of the 10 sampled quoted consumer goods firms. The study employed the stationarity test and the panel regression tests. Findings showed that the board size and board independence had adverse effect on firm profitability and show negative and significant influence on the earnings per shares and profit after tax, while displaying a positive and significant relationship with Return on equity. Board diversity shows a positive and significant relationship with Earnings per shares. Conclusively, it can be seen overall that the level of board composition is mediocre and the significance level of the employed dimensions of board composition shows that quoted consumer goods firms in Nigeria have better financial information quality in terms of their return on equity reported than in view of their earnings per shares. It was recommended that firms should prune the size of active auditors and should not compromise quality with quantity.The management of quoted consumer goods firms in Nigeria should, as a legal mandate, provide a “statement of the quality of its earnings” arrived at using acceptable and uniform criteria and make assertions that the earnings of the company have not been manipulated during the perio

RISK-ASSETS QUALITY AND FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANK IN NIGERIA

This study empirically explores the effect of risk asset quality through the non-performing loans on the financial performance of quoted deposit money banks. Data on different type of asset quality and financial performance from 2000-2020 were collected from website of the quoted deposit money banks, central bank of Nigeria reports and Nigeria stock exchange. Ordinary least square regression analysis, descriptive statistics, autoregressive distribution lag, co-integration, granger casualty, unit root test and error correction model were used in analyzing the data with the aid of E-view version 12. The study observed that non-performing loan shows a negative and significant influence on the return on asset of sampled deposit money banks in Nigeria.The study concludes byreaffirming the importance of maintaining high-quality assets for deposit money banks as poor asset quality, as indicated by a high level of NPLs, can erode the bank's profitability, and by extension, its ROE.The study recommends that the regulators and supervisory authorities need to closely monitor and address NPLs in the banking sector. High NPLs can not only affect individual bank stability but also have systemic implications for the overall health of the financial system. Regulatory frameworks that encourage prudent lending practices and the maintenance of healthy asset quality are crucial

Board Characteristics and Firm Values of Quoted Consumer Goods Firms in Nigeria

<p><strong>The study examined the implication of board characteristics on firms' values of quoted consumer goods firm in Nigeria over the period of 2010 to 2020. The study employed secondary data from annual report of the 10 sampled quoted consumer goods firms. The study employed the stationarity test and the panel regression tests. Findings showed that the board size and board independence had adverse effect on firm profitability and show negative and significant influence on the earnings per shares and profit after tax, while displaying a positive and significant relationship with Return on equity. Board diversity shows a positive and significant relationship with Earnings per shares. Conclusively, it can be seen overall that the level of board composition is mediocre and the significance level of the employed dimensions of board composition shows that quoted consumer goods firms in Nigeria have better financial information quality in terms of their return on equity reported than in view of their earnings per shares. It was recommended that firms should prune the size of active auditors and should not compromise quality with quantity.The management of quoted consumer goods firms in Nigeria should, as a legal mandate, provide a "statement of the quality of its earnings" arrived at using acceptable and uniform criteria and make assertions that the earnings of the company have not been manipulated during the period</strong></p&gt

RISK-ASSETS QUALITY AND FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANK IN NIGERIA

<p><strong>This study empirically explores the effect of risk asset quality through the non-performing loans on the financial performance of quoted deposit money banks. Data on different type of asset quality and financial performance from 2000-2020 were collected from website of the quoted deposit money banks, central bank of Nigeria reports and Nigeria stock exchange. Ordinary least square regression analysis, descriptive statistics, autoregressive distribution lag, co-integration, granger casualty, unit root test and error correction model were used in analyzing the data with the aid of E-view version 12. The study observed that non-performing loan shows a negative and significant influence on the return on asset of sampled deposit money banks in Nigeria.The study concludes byreaffirming the importance of maintaining high-quality assets for deposit money banks as poor asset quality, as indicated by a high level of NPLs, can erode the bank's profitability, and by extension, its ROE.The study recommends that the regulators and supervisory authorities need to closely monitor and address NPLs in the banking sector. High NPLs can not only affect individual bank stability but also have systemic implications for the overall health of the financial system. Regulatory frameworks that encourage prudent lending practices and the maintenance of healthy asset quality are crucial.</strong></p&gt