Awe Akinshola Cornelius, Abdulmalik Abubakar Yusuf, Shuaibu Halima


This study examined the effect of corporate governance on firm performance of listed firms in Nigeria. Corporate governance is proxies with board size, CEO duality, Ownership concentration and audit committee. The population of this study consists of all the quoted firms on the Nigerian stock exchange as at 2021. The study covered a period of twenty seven years 1994 to 2021. Secondary data source was used which were extracted from the CBN Bulletin. Multiple Regression analysis was adopted in the study. The findings revealed that, Board size has significant positive effect on the  performance of listed firms in Nigeria, while the combination of CEO &Chairman are positively and significantly related to  performance of listed firms in Nigeria. The findings of the study also revealed that Ownership concentration are significant but negatively related to performance of listed firms in Nigeria. Finally, the result of this study also confirmed insignificant negative effect between audit committee and performance of listed firms in Nigeria. It is recommended amongst others that proper checks and balance should be done regularly by the Securities and Exchange Commission to ensure strict adherence Corporate Governance Code.


Effect, Corporate Governance, Firms, Financial Performance, Nigeria.

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