2024, Vol. 5, Issue 1, Part A
Board attributes and the value of corporate entities in Nigeria
Author(s): Kesiena Augustina OHRE and Edirin JEROH
Abstract: This research analysed the association between selected measures of board attributes and the value of Nigerian firms, by drawing inference from listed firms. Specifically, while firm value was measured with data on Tobins’Q, measures of board attributes were board size, independence, diligence and diversity. The data which spanned over a 12-year period (2010-2021) were collated from the published annual reports of 50 sampled firms whose stocks were active on the floor of the Nigerian Exchange as at 31st December, 2021. The study adopted the quantitative design and analysis was based on regression technique alongside other relevant and descriptive statistics. Outcome of the analysis proved that while board independence was found to have exerted significant influence on the overall value of listed firms in Nigeria, variables like board diversity, diligence, and size could not exert significant influence on the value of listed Nigerian firms. With this outcome, the study affirms the position of the Nigerian Code of Corporate Governance which encourages increased levels of independence in corporate boards by prescribing the inclusion of non-executive directors in the boards of corporate entities. Also, regulators should practically monitor the entire activities of independent directors to ensure that their dealings with the companies will not, and has not compromised their level of independence.
Pages: 05-11 | Views: 186 | Downloads: 96
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How to cite this article:
Kesiena Augustina OHRE, Edirin JEROH. Board attributes and the value of corporate entities in Nigeria. Asian J Manage Commerce 2024;5(1):05-11.
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