Home » Business Admin. and Management » THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF PARAS...
THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF PARASTATALS IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 65 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 6,121 times
Delivery: Within 24 hoursABSTRACT
Recent and continuous global events involving major corporate and business failures continue to reverberate the importance of good corporate governance as a catch phrase necessary for ensuring the financial health and viability of business entities so that the interests of all stakeholders are protected and to prevent the unfair dominance of the interests of any stakeholder over those of the others. Studies on Corporate governance have mainly focused on private firms. Inefficiency, financial impropriety and mismanagement have characterized most public sector financial management. Therefore, corporate governance needs to be emphasized as a means of revitalizing government’s investment and increasing profitability of parastatals. This study sought to establish the relationship between corporate governance and financial performance of parastatals in Nigeria. The financial performance parameter used for the study was return on asset while four attributes of corporate governance practice were used, namely, board size, board structure, multiple directorship and audit committee. The study used descriptive research design. The population was 127 parastatals and a sample of 30 was chosen for the study. Data were obtained from 27 of the 30 selected parastatals and analyzed using descriptive statistics and multiple regression analysis between April 2012 and July 31, 2012. In general, the study found that there exists a positive relationship between corporate governance and return on asset. This implies that good corporate governance practices enhance financial performance of parastatals. Therefore, policy makers and management of parastatals must ensure that tenets of good corporate governance should be applied to the latter to enhance performance.
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
The study derives from the fact that competition within the global business environment has continued to get intense and complex thereby increasing the scramble for more resources and increment in perceived better performance and economic standard of good business health. With global market and large scale productions, the size and capital requirement of firms have sharply risen and performance requirement has placed huge burden on managers as they strive to ensure that firm performance is enhanced. However, incidence occurring between 2000 and 2002 revealed the uncovering of various unethical practices undertaken by management to present a profitable picture of their entities. The scandals of WorldCom, Enron, Global Crossing amongst others presented a misleading picture of financial status and financial manipulations by management and auditors.
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE ROLE OF OFFICE POLITICS IN SHAPING THE ORGANIZATIONAL CULTURE OF EDUCATIONAL INSTITUTIONS IN BUE...
CHAPTER ONE INTRODUCTION Background of the Study Politics is an integral aspect of human existence. Politics is perceived by many as an inevitable ...More »
Item Type: Project Material | 54 pages | 1,379 engagements |
- 2.
THE IMPACT OF OFFICE POLITICS ON EMPLOYEE ENGAGEMENT IN THE IT SECTOR OF CAMEROON
CHAPTER ONE INTRODUCTION Background of the Study Politics is a fundamental component of human existence. It is well acknowledged that this feature ...More »
Item Type: Project Material | 54 pages | 1,249 engagements |
- 3.
THE ROLE OF INTERNAL AUDITING IN PROMOTING EFFECTIVE FINANCIAL ACCOUNTABILITY IN THE CAMEROONIAN PUB...
CHAPTER ONE INTRODUCTION Background of the Study According to the Institute of Internal Auditors (2018), internal auditing is a practice that is...More »
Item Type: Project Material | 54 pages | 1,238 engagements |
- 4.
STRATEGIES FOR IMPROVING INTERNAL AUDITING IN SMALL SCALE BUSINESSES IN YAOUNDE, CAMEROON
CHAPTER ONE INTRODUCTION Background of the Study Contemporary businesses must negotiate complex and constantly evolving contexts that present nu...More »
Item Type: Project Material | 54 pages | 1,087 engagements |
- 5.
OFFICE POLITICS: EXAMINING THE PSYCHOLOGICAL EFFECTS ON EMPLOYEES IN THE HOSPITALITY INDUSTRY OF CAM...
CHAPTER ONE INTRODUCTION Background of the Study Politics inside an organisation is unavoidable and has a substantial influence on the level of ...More »
Item Type: Project Material | 54 pages | 658 engagements |
- 6.
OFFICE POLITICS: ASSESSING ITS CONSEQUENTIAL EFFECT ON EMPLOYEE PRODUCTIVITY IN THE MANUFACTURING SE...
CHAPTER ONE INTRODUCTION Background of the Study Office politics refers to the deliberate efforts made by individuals to gain social influence on o...More »
Item Type: Project Material | 54 pages | 715 engagements |