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- W2289564499 abstract "This paper investigates whether three corporate governance variables - board size, institutional shareholding and power separation between board chairperson and chief executive officer have significant impact on the performance (as measured by Returns On Equity, ROE, Returns On Asset, ROA and Net Asset Per Share, NAPS) of firms in food, beverage and tobacco sector of Nigerian economy. The ordinary least square regression results reveal that corporate governance is an important factor in explaining performance of the firms in the under study. The empirical analysis finds that corporate governance variables have significant impact on ROA and NAPS. However, no significant impact has been document in relation to ROE. The study recommends the restriction of board size to reflect firms’ operational size and relevant authority should ensure the strict compliance of the firm to separation of power between CEO and chairperson. Finally, the study stresses the need for further research on corporate governance in other non financial sectors of economy in isolation." @default.
- W2289564499 created "2016-06-24" @default.
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- W2289564499 date "2012-12-20" @default.
- W2289564499 modified "2023-09-23" @default.
- W2289564499 title "Corporate Governance and the Performance of Food, Beverage and Tobacco Industry in Nigeria" @default.
- W2289564499 hasPublicationYear "2012" @default.
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