Corporate Governance and Firm Performance: Evidence from Listed Insurance Companies in Nigeria
Date
2017-07-19
Journal Title
Journal ISSN
Volume Title
Publisher
Department of Banking & Finance, Nasarawa State University, Keffi
Abstract
The objective of this study is to investigate the effect of board characteristics on performance of insurance companies in Nigeria. The study adopted ex-post factor research design. The study used ordinary least square regression. The findings indicate that corporate governance attributes of board size, board independence, board gender, and foreign ownership concentration in the insurance industry of Nigeria have not significantly impacted on both measures of performances namely return on insurance premium and firm value. It is recommended that though compliance with corporate governance principles may not necessarily yield economic benefit, but continuous adoption and practices will be profitable for ethical reasons.
Description
Keywords
Board independence, Corporate governance, Ex-post factor, Insurance premium.
Citation
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