Use this URL to cite or link to this record in EThOS: http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.636818
Title: Securities and exchange commission code of best practices and the quality of corporate governance in Nigeria
Author: Lawal, Bello
ISNI:       0000 0004 5359 2249
Awarding Body: Glasgow Caledonian University
Current Institution: Glasgow Caledonian University
Date of Award: 2014
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Abstract:
This thesis examines the effects of board structure characteristics on firm performance within the context of the recommendations offered in the Securities and Exchange Commission's Code of Corporate Governance. The study adopts an integrated research framework combining four distinct theories including agency, stewardship, stakeholders and resource dependency models. The analyses were based on data drawn from a sample of 127 listed companies on the Nigerian Stock Exchange covering a twelve-year period (1999-2010), an era of significant corporate governance evolution in Nigeria. Consistent with the directions of previous studies, six sets of hypotheses were tested on the presumed effects of board size, CEO duality, independence, directors' educational qualifications, professional experience and ethnicity, across multidimensional performance measures. Through the use of a moderating approach and the deployment of econometric tools that are barely used in management science research, the study offers new sets of gap-closing evidence on the relationship between these board structure elements and firm performance. Empirical findings from the three clusters of regression models show that board independence, directors' educational qualifications and professional experience are positively associated with firm value and the return on assets. Board size was found to be positively but statistically insignificantly linked to an increase in firm performance.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.636818  DOI: Not available
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