CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA
Authors
Ahmad Muhammad Ahmad
Nigerian Army University Biu, Borno
Author
Mustapha Umar Ngulde
Nigerian Army University Biu, Borno
Author
Keywords:
Corporate Governance,
Listed Consumers,
Financial Performance,
Companies,
Return on Assets
Abstract
This study investigates the impact of corporate governance on the financial performance of listed consumer goods companies in Nigeria. It focuses on board size, board independence, and board financial expertise and examines their influence on return on assets. The study adopts an ex-post facto research design and analyses data from sixteen listed consumer goods firms in Nigeria over eleven years from 2012 to 2022. Findings reveal that board size has a significant negative relationship with return on assets, while board independence and board financial expertise significantly contribute to improved financial performance.
