EFFECT OF CORPORATE GOVERNANCE ON PERFORMANCE OF CONSUMER GOODS FIRMS IN NIGERIA

Authors

  • Ifeoma Mirian Molokwu Anambra State Polytechnic, Mgbakwu, Anambra, Nigeria Author
  • Ebele Theresa Anambra State Polytechnic, Mgbakwu, Anambra, Nigeria Author
  • Chinedu Emeka Ezekwonna Anambra State Polytechnic, Mgbakwu, Anambra, Nigeria Author

Keywords:

Corporate governance, Audit committee, Board size, Return on asset, Return on equity

Abstract

This paper examines the effect of corporate governance on the selected consumer goods firms in Nigeria. Data was sourced from firms Annual reports (secondary data). The population of the study consists of five selected consumer goods firms and the scope of study ranges from 2015 to 2022. The data was analyzed using Regression technique. It was found that the Board size of selected consumer goods companies in Nigeria has a positive and significant (0.01) effect on Return on Equity (ROE). It also revealed that Audit committee composition of the selected consumer goods companies in Nigeria has a positive and significant (0.001) effect on the ROA during the period of the study. The study therefore recommends that there should be mandatory compliance with the code of corporate governance by all firms in Nigeria

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Published

2024-09-16

Issue

Vol. 1 No. 2 (2024): ANSPOLY Journal of Advanced Research in Science & Technology (Volume 1; Issue 2, June 2024)

Section

Articles

Categories

How to Cite

EFFECT OF CORPORATE GOVERNANCE ON PERFORMANCE OF CONSUMER GOODS FIRMS IN NIGERIA. (2024). ANSPOLY Journal of Advanced Research in Science & Technology (AJARST), 1(2), 1-15. https://anspolyjarst.com/journal/article/view/35