Impact of Board Meeting and Board Size on Financial Performance of Listed Industrial Goods Companies in Nigeria
1 School of Financial Studies, Department of Accountancy The Federal Polytechnic Bida, Niger State
2 School of Financial Studies, Department of Banking and Finance The Federal Polytechnic Bida, Niger State
* Corresponding author: adangaha76@gmail.com
2 School of Financial Studies, Department of Banking and Finance The Federal Polytechnic Bida, Niger State
* Corresponding author: adangaha76@gmail.com
Abstract
The importance of the board of directors to an organization’s capacity to gain investor
confidence and enhance financial performance is unquestionable.This paper investigated the
relationship between board meetings, size and company financial performance of 13 listed
industrial goods companies in Nigeria using a 10-year data set (2012-2021). The data set
was extracted from the Nigerian Stock Exchange website and analyzed with the aid of STATA
15 and tested for a panel effect. The result revealed that meetings of the board show
insignificant and negative financial performance. However, board size reveals a significant
positive effect on financial performance. The study concluded that board meetings of
members are crucial for firms’ performance.The outcome of the study is important for
industrial goods firms for management effectiveness and contribution to the body of
knowledge. Managers should take steps to improve their board attributes in accordance with
the corporate governance code.
Keywords
Board meeting
the board size
financial performance
return on asset
How to Cite
Mohammed, A., & Oladejo, K. S. (2022). Impact of Board Meeting and Board Size on Financial Performance of Listed Industrial Goods Companies in Nigeria. Bayero Business Review, 6(2), 134-146.
A. Mohammed, and K. S. Oladejo, "Impact of Board Meeting and Board Size on Financial Performance of Listed Industrial Goods Companies in Nigeria," Bayero Business Review, vol. 6, no. 2, pp. 134-146, November 2022.
