Browsing by Author "Nafiu, A.I."
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Item Determinants of Board Size and Its Composition: Evidence from Nigerian Manufacturing Sector(Faculty of Commerce and Management Studies, University of Kelaniya, Sri-Lanka, 2020) Mustapha, Y.I.; Nafiu, A.I.; Abdul, A.F.; Omolekan, O.J.This paper examines the determinants of corporate board size and its composition in Nigeria using listed manufacturing firms as study area. The objective of the paper is to determine the effect of firms’ characteristic on board size. The study collected secondary information from thirty listed manufacturing firms that met the requirement for selection as sample between 2006 and 2018 through Nigerian Stock Exchange’s Fact Books. Multiple regression analysis was used as analytical technique. Using panel data OLS pooled method of estimation, the paper found that firm size, profitability, and growth opportunities are strong determinants of board size. Similarly, the results indicated that CEO-duality and profitability were determinants of board composition in the study. It is recommended that appointment into corporate board should be based on proven demonstration of high level of expertise, merit and due consideration to firms’ characteristics instead of mundane factors that would not enhance shareholders’ wealth.Item Effects of Corporate Governance Structure on Financial Performance of Quoted Deposit Money Banks in Nigeria(University of Ilorin Library and Publications Committee, 2016) Abdullahi, Ibrahim Bello; Nafiu, A.I.The Nigerian banking sector has witnessed dramatic growth post-consolidation. Governance weaknesses in these banks have created problems across the sector and the economy as a whole. To a large extent, this problem was the result of poor governance in the country's banking institutions and industrial groups. This study examined the effect of corporate governance on the financial performance of quoted DMBs in Nigeria. The study employed secondary data obtained from NSE fact books (audited reports of selected bariks between 2007 and 2014) and analysed with panel data using both fixed and random effect models. The outcome of the study showed that board size has a negative relationship with performance of DMBs and corporate governance disclosure index has a positive effect on performance of DMBs in Nigeria. The study concludes that board size and corporate governance disclosures exert significant influence on performance of DMBs in Nigeria. The study therefore recommends among others that (i) DMBs and their regulators (CBN and NDIC) must ensure the numbers of people sitting on its board are within the range prescribed to avoid the negative effect of a large board size; (ii) regulators must ensure that operators comply with relevant codes of corporate governance as it relates to disclosures; and (iii) management should organise trainings for directors, managers and other key staff members to equip them with necessary knowledge and skills of corporate governance.Item An Evaluation of Corporate Governance on the Performance of Micro Finance Institutions in Nigeria(Department of Accounting, Faculty of Administration, Nasarawa State University Keffi, 2014) ABdullahi, Ibrahim Bello; Nafiu, A.I.Microfinance banks (MFBs) are the most prominent providers of financial services to low income people, their economic and social performance is subject to debate. How MFBs are governed is likely to affect their efficiency, outreach to the poor, sustainability, and impact on poverty alleviation. This study examines the effects of corporate governance on the performance of MFBs. Specifically, it examines the characteristics and diversity of people who sit on board of MFBs. It also examines the effect of board size on performance of MFBs. Secondary data were employed and analysed through panel regression using both fixed and random effect model.