Effect of Corporate Governance Mechanisms on Corporate Performance: An Empirical Study of Non-Financial Firms in Nigeria (Published)
The study examined the influence of corporate governance mechanisms on corporate performance of non-financial firms in Nigeria. Secondary data from published accounts and Nigerian Security Exchange Factbooks were analyzed using panel regression methodology. Independent variables were board size, directors’ shareholding, block holding and leverage while return on assets and return on equity was the dependent variables for the period between 1990 and 2017. Findings suggest that leverage has positive significant correlation with return on assets and return on equity while directors’ shareholding, block holding had inverse relations with dependent variables. However, board size had mixed result with a negative significant influence on return on equity while showing an inverse but insignificant impact on return on assets. The study concludes that the selected independent indicators have more influence on return on equity than return on assets. Thus, return on equity performs better than return on assets for non-financial firms in Nigeria
Keywords: Corporate Governance Mechanisms, Corporate performance, Nigerian listed firms
Corporate Social Responsibility: Concepts, Perspectives, and Link with Corporate Performance: Literature Review (Published)
Nowadays, the term of Corporate Social Responsibility (CSR) becomes increasingly important. The growing trend of CSR becomes an interested challenge for companies and their management. There is an integration of positive attitudes, practices, or programs into company’s business strategy at the top management level. For companies and their management, it is important to know if CSR activities lead to financial and non-financial benefits. The paper reviews the CSR concepts, definitions and the link between this concept and performance.
Keywords: CSR, Corporate performance
Organizational Climate and Corporate Performance: The Nigerian Experience (Review Completed - Accepted)
The study examined the relationship between organizational climate and corporate performance in the Nigerian oil industry. The sample for the study consisted of three hundred and eighty two (382) employees from seven randomly selected major oil companies in Nigeria. The study utilized both quantitative data (questionnaire) and qualitative data (interview). The spearman rank correlation coefficient and Multiple Regression Model using the Statistical Package for Social Sciences (SPSS) version 15 were utilized for the analysis of data. Our finding revealed a positive and significant relationship between organizational climate and corporate performance. Specifically, recognition for achievement, organizational support and cohesion were revealed to have a positive and significant influence on corporate performance. Based on this finding, it was concluded that the prevailing organizational climate had a significant positive effect on corporate performance. The managerial implications of these findings were also discussed
Keywords: Corporate performance, Organizational Climate, Organizational support, cohesion