Dimensions of Corporate Governance on Performance of Manufacturing Companies in Nigeria: A Theoretical Review

Authors

  • Enya Matthew Njobil Ph.D., Department of Business Administration, University of Cross River State, Nigeria
  • Eleng David Mbotor Department of Accounting, University of Cross River State, Nigeria
  • Ayamba Kelly K. Department of Accounting, University of Calabar, Nigeria
  • Agbo Nicholas ITO Department of Accounting, University of Calabar, Nigeria
  • Nkamare Stephen Ekpo Department of Banking and Finance, University of Calabar, Nigeria

Keywords:

corporate governance, board size, board independence, internal control measures, board gender diversity, company size, company age, performance

Abstract

The study empirically examined dimensions of corporate governance on performance of manufacturing companies in Nigeria. The study revealed that three of the independent variables examined had effect on performance of companies in Nigeria. First, board size had a significant effect on performance. Secondly, internal control had a significant negative effect on performance of companies in Nigeria. Board gender diversity had a significant effect on performance. The study recommended that companies in Nigeria should ensure that there are sufficient directors on the board with requisite experience that can impact performance positively. Companies should continue to ensure firm control over operation to enhance performance, but they should always carry out cost and benefit analysis of internal control.

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Published

2025-01-24

Issue

Vol. 4 No. 1 (2025): January

Section

Articles