Research Article

Impact of Board Meeting and Board Size on Financial Performance of Listed Industrial Goods Companies in Nigeria

Ahmed Mohammed1*, Kehinde Samson Oladejo2
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
Published: Nov, 2022
DOI: 10.67894/bbr.2022.z0dzb6kg
Pages: 134-146
Views: 10
Downloads: 4

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

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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. https://doi.org/10.67894/bbr.2022.z0dzb6kg

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. doi: 10.67894/bbr.2022.z0dzb6kg

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