Corporate Governance and the Financial Performance of Quoted Agricultural Firms in Nigeria

Haman G. Idagiju, Dr. Josephine Ene and Dr. Saheed A. Lateef
Additional contact information
Haman G. Idagiju: Accounting and Finance Department, Faculty of Management and Social Sciences, Baze University Abuja, Nigeria
Dr. Josephine Ene: Accounting and Finance Department, Faculty of Management and Social Sciences, Baze University Abuja, Nigeria
Dr. Saheed A. Lateef: Accounting and Finance Department, Faculty of Management and Social Sciences, Baze University Abuja, Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 3s, 1579-1590

Abstract: The study examined the effect of corporate governance on the financial performance of quoted agricultural firms in Nigeria. This study covered a period of six years from 2018 to 2023.The study was anchored on Agency theory and Stakeholder theory. The study adopted ex-post facto research design. The population of the study consisted of five (5) quoted agricultural firms in Nigeria while the sample size consisted of five (5) agricultural firms that are listed on the Nigerian Exchange Group (NXG). The study made use of secondary data and the data were sourced from Nigerian Exchange Group (NXG). Ordinary Least Square (OLS) regression technique was the technique of data analysis adopted. The results of the study showed that audit committee has a positive and significant effect on net profit margin of quoted agricultural firms in Nigeria, board size has a positive and significant effect on net profit margin of quoted agricultural firms in Nigeria while board independence has a positive and significant effect on net profit margin of quoted agricultural firms in Nigeria. The study concluded that corporate governance has a significant and positive effect on financial performance of quoted agricultural firms in Nigeria. The study recommended that management of agricultural firms should ensure that enough attention is given to the size and independence of audit committee.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... sue-3s/1579-1590.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... al-firms-in-nigeria/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:3s:p:1579-1590

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().