Effect of Board Characteristics on Financial Performance of Quoted Information Communication and Technology Companies in Nigeria

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dc.contributor.authorFakile, Oluwaseye
dc.contributor.authorAdigbole, Ezekiel
dc.date.accessioned2021-06-01T12:19:59Z
dc.date.available2021-06-01T12:19:59Z
dc.date.issued2019
dc.description.abstractAn effective board of directors has been argued to be a panacea for agency problems. This study empirically examined the effect of board characteristics on financial performance of quoted Information Communication and Technology (ICT) companies in Nigeria for a period of five years from 2013 to 2017.Using return on equity (ROE) as measure of financial performance, three board characteristics (board size, independence and gender diversity) were identified as possibly having effects on financial performance. Based on all the seven (7) quoted ICT Companies as at December 2017, correlation and multiple least squares (OLS) regression were used to estimate the relationship between board characteristics and financial performance. Findings revealed that only board independence has significant effect on financial performance. The study recommends that a strong mechanism should be put in place to ensure that board of directors consists mostly of members with no personal interest in the organization.en_US
dc.identifier.issn2276-9471
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/5652
dc.language.isoenen_US
dc.publisherEntrepreneurial Journal of Management Sciencesen_US
dc.subjectBoard characteristics, Performance, Corporate Governance, Quoted ICT companiesen_US
dc.titleEffect of Board Characteristics on Financial Performance of Quoted Information Communication and Technology Companies in Nigeriaen_US
dc.typeArticleen_US

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