Search

This paper investigates the effects of female directors on corporate value in the Nigerian institutional context. The sample consists of 99 listed firms after excluding 57 companies with regulatory compliance challenge. The study data covers a period of ten (10) years (2012 - 2021). The data is hand-picked from the annual reports and accounts of the sampled firms and analysed through multiple regression models. Model 1 shows that a higher proportion of female directors, either as board member, CEO, member of audit committee, nomination committee, remuneration committee and risk committee is associated with a higher level of firm value. The positive effects of female directors on firm value is important to regulators, shareholders, boards of directors, CEOs, lenders, and other corporate stakeholders. The association between female directors and firm value is significant. This result calls for greater inclusion of women in the boards of directors of listed firms in Nigeria, in particular, and generally in other emerging markets. These findings indicate the importance of considering the inclusion of more women when appointing boards of directors for corporations in Nigeria.

Using a sample of 1,120 firm year observations over the 2012-2021 period, we provide the first evidence on the impact of board of directors on dividend policy in Nigeria. Board of directors was measured by board size and board independence, while dividend policy was measured by dividend paid per share. Using Ordinary Least Squares (OLS) Method, we find that board size and board independence have significant effects on listed firms dividend policy. In Nigeria. Consistent with the agency theory and signaling hypotheses, we find that this result is more pronounced in firms with long years of experience of listing and huge size. This study points to a promising direction for future research to gain a deeper understanding of how the board of directors affects corporate policies and behaviour. However, the study is limited by the number of samples, specifically 112 listed firms. It is expected that further research can increase the total sample of companies and also by adding to the research period or using all companies. Our study results show that the R2 square value is 49.3 percent, meaning that there is room for improvement in the model of the study. Further research is expected to add other board of directors proxies that may influence the decisions made in a company such as board gender diversity, and board shares ownership.

This paperinvestigatesthe association betweenaudit committee (size, independence,meeting,financialexpertise)andfinancial performance(return on investment and return on equity) oflistedcompanies ontheNigerian Exchange Groupfor the years 2012to 2021. Thestudy is founded on the agencytheoryand the data were extractedfrom theannual reports of 116listed firms. The data were analysed usingpanel data techniques. Furthermore, thestudy used firmsize and financial leverage as control variables.Based on the results, the fixed-effect model was used, which showthat audit committee hasa significant effect on financial performanceof the firms. The results have both policy and practical use to regulators, firm owners, and board of directors.

Objective – The purpose of this study is to examine the effectsof audit firm characteristics on the financial reporting quality of listed consumer goods firms in Nigeria. Methodology/Technique – This was explained using the agency theory as the underpinning theory. Audit firm characteristics weremeasuredbyauditoropinion, independence, tenure, audit quality and audit rotation while financial reporting quality was measuredby discretionary accrual (Kothari,2005). Correlational research design was employed and purposive sampling technique was used tosample12 out of 21 consumer goods firms listed on the Nigerian Exchange Group as at December 2020. Data collected covered 15years (2006 to 2020). Findings –Multiple regression analysis results revealed that auditor opinion, audit tenure and audit rotation have positive significant effectson financial reporting quality. On the other hand, auditor independence and audit quality show insignificant effects. Thestudy therefore, concludes that, auditors’ opinion, tenure and rotation are the determinants of financial reporting qualityamong consumer goods firms in Nigeria. Novelty – The results are useful to corporate regulators,policy makers, shareholders, lenders, etc.

More than ever in the economic history of Nigeria, there is a greater need for good corporate social responsibility. The present crises are too many to attempt to exhaust in this article: gender inequality, lack of sufficient art and culture education, poor communities, low donations and gifts, poor health and safety, customers’ complaints, data protection and privacy issues, poor human rights, low impact assessment, poor product quality, etc. There is a general acceptance of the need for corporations to intervene in providing essential services that can help people. However, the big question is what is in it for these corporations? In this paper, efforts are made to determine this and many more questions. The research design is correlational with a population and sample of 156 and 112, respectively. Four filters were applied: corporations listed with the Nigerian Exchange Group as at the end of 2021 were considered; companies without complete 10 years annual reports were excluded, corporations that were quoted after 2021 were excluded and firms with technical difficulties with the Exchange as indicated on its website were excluded. The total quoted corporations that were used was 112 for a period of 10 years which produces 1,120 observations. The dependent variable which proxy financial performance was an index derived from return on assets, earnings per share and return on equity. The independent variable: corporate social responsibility is treated as an index derived from human resource, environmental activities, community donations, gifts and new product research and development. In the case of control variables, we employ firm size and leverage. Following the results of the model, p-values, t-values, R2 , Prob > F value, we report that corporate social responsibility is positively and significantly related to corporate financial performance. We drop leverage in favour of firm size because of the model specification error test results, though it is negatively insignificant.