CORPORATE GOVERNANCE AND FIRM PERFORMANCE

ABSTRACT

The research study examined the influence of corporate governance mechanisms on the firm performance in Nigeria. Three (3) research questions were raised for the study and all were formulated into hypothesis and two (2) were tested. Consequently, related literature on the conceptual review, theoretical framework and empirical review of corporate governance mechanisms and firm performance in respect to board size, and ownership structure were also discussed adequately in chapter two (2). The ex-post facto research design was used for the study. The instrument used for the collection of data was annually published audited financial statements of banks. Secondary data were obtained from the annual reports gotten from the bank website covering the period 2016-2022. The data collected for the research questions were analysed using descriptive statistics while the hypothesis was analysed using Stationary (Unity root) test and Panel Data analysis and was tested at 0.05 level of significance. The findings of the study revealed that board size has a significantly positive relationship on firm performance in Nigeria. The study also found that ownership concentration insignificantly and positively affects firm performance in Nigeria.