Corporate Governance Practices and Dividend Policies of Quoted Firms in Nigeria

Michael, Nwidobie Barine

doi:10.18488/journal.1/2016.6.3/1.3.212.223

Cited by 7 publications

(3 citation statements)

References 33 publications

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“…In countries with developing‐economies, BODs show poor compliance with governance reports for several reasons, including political and legislative gaps, political uncertainty, regulatory pluralism, and lack of adaptation to their regulatory and economic contexts. These findings correspond to those of some previous studies (Abdulmalik & Ahmad, 2016; Adegbite, 2012; Nakpodia & Adegbite, 2018; Nwidobie, 2016; Ozili, 2021). Figure 2 presents in visual form the methodology followed for each hypothesis, the rationale for the hypotheses, and the integration of the study results into the conceptual framework.…”

Section: Discussion Of Resultssupporting

confidence: 93%

“…Adegbite (2012) demonstrated that rule‐breaking executives are often connected politically to top government officials or may bribe them to evade sanctions. For Nwidobie (2016), BODs' poor compliance stems from directors colluding with executive management in self‐interested behaviour. Abdulmalik and Ahmad (2016) confirmed that poor board compliance is caused by conflicting regulatory laws, ineffectiveness of the BOD, and lack of auditor independence.…”

Section: Literature Review and Theoretical Backgroundmentioning

confidence: 99%

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Does corporate governance influence readability of the report by the chairman of the board of directors? The case of Jordanian listed companies

Herenia,

Julián,

Al‐mohareb

2024

Corp Soc Responsibility Env

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This study investigates whether readability of the president's statement is linked to both company performance and factors related to corporate governance in an emerging market context. We analyse Jordanian manufacturing companies listed on the Amman Stock Exchange (ASE) during the period 2017–2021. An exploratory study using panel data from ASE, parametric correlations, and regression models shows the relationship between readability of the president's statement, corporate governance, and characteristics of the board of directors. The results indicate that corporate governance significantly moderates readability of the president's statement and the firm's performance. The results also show a relationship between readability of the chairman's statement and directors' accounting experience and confirm that independence of the board of directors and concentration of ownership affect readability of the accounting disclosures in the chairman's statement. Finally, poor board compliance significantly mitigates the association between board features and readability of the chairman's statement. These findings help to explain how and why firms adjust their information disclosure and transparency practices, affecting corporate reporting credibility and efficacy. This study is one of few to examine how board features affect readability of the president's statement within the Jordanian legal framework, which is plagued by poor board compliance due in part to constant amendments.

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Section: Discussion Of Resultssupporting

confidence: 93%

Section: Literature Review and Theoretical Backgroundmentioning

confidence: 99%

Does corporate governance influence readability of the report by the chairman of the board of directors? The case of Jordanian listed companies

Herenia,

Julián,

Al‐mohareb

2024

Corp Soc Responsibility Env

View full text Add to dashboard Cite

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“…Certain factors such as investors' expectations, fund availability, growth and investment opportunities, public perception about age, and firm size, including the ability to generate funds through other sources without retained earnings, are considered. Dividend payment is an indicator of a good performing company that has good corporate governance; this is capable of attracting potential investors (Nwidobie, 2016).…”

Section: Dividend Policymentioning

confidence: 99%

Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria

Sunday,

Lateef

2022

CTSMSR

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This paper evaluated the influence of strategic financial management practices (SFMP) on the return on assets (ROA) of quoted oil and gas firms in Nigeria. A simple random sampling was adopted for the sample with data generated from annual reports and accounts of sampled oil and gas firms in Nigeria for fifteen years (2006-2020) for the study. The findings showed that SFMP had significant influence on the ROA of quoted Oil and Gas firms in Nigeria (p-value =0.0003; <0.05). The result revealed that debt finance was negatively significant but investing activities was positively significant on ROA. Furthermore, dividend payout, working capital, and total asset turnover had positive insignificant effect on ROA of quoted Oil and Gas firms. The Adjusted R-Square of 0.56 showed that 44% outside SFMP caused changes in ROA. It was recommended that the management should pay attention to debt finance which negatively impacted ROA. Keywords: Debt finance; Dividend payout; Performance; Return on asset; Working Capital

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Corporate governance research in Nigeria: a review

Ozili¹

2020

SN Bus Econ

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This paper is a literature review of recent corporate governance research in Nigeria. It identifies the recent advances and challenges in the literature and suggest some directions for future research. A comprehensive review of the recent corporate governance literature is important because it provides a basis to compare the corporate governance experience in Nigeria with the corporate governance experience in other African countries and developing countries. The findings from the literature review reveal that the board of directors is the most explored corporate governance determinant in the Nigerian corporate governance literature. Most studies focus on some corporate governance determinants, and ignore other corporate governance determinants in firms. There is some consensus that corporate governance failure in Nigeria is caused by multiplicity of factors such as lack of political will by the government to enforce corporate governance laws, deliberate refusal to comply with existing corporate governance laws by politically connected firms, weak compliance by firms, weak enforcement by regulators, and conflicting codes in the country's corporate governance codes. Also, recent corporate governance studies do not systematically build on previous corporate governance studies. Regarding methodology, most Nigerian corporate governance studies are merely experimenting different methods of analyses without advancing the literature in a significant way. The study also finds that the 2018 Nigerian code of corporate governance solves some problems and create new problems for Nigerian firms.

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Corporate Governance Practices and Dividend Policies of Quoted Firms in Nigeria

Abstract: ABSTRACT

Cited by 7 publications

References 33 publications

Does corporate governance influence readability of the report by the chairman of the board of directors? The case of Jordanian listed companies

Does corporate governance influence readability of the report by the chairman of the board of directors? The case of Jordanian listed companies

Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria

Corporate governance research in Nigeria: a review

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