CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF LISTED INSURANCE COMPANIES IN NIGERIA
Dr Abdullahi Ahmed and Dr Musa Samuel Jerry
Volume 8 Issue 1
Abstract
The study examined the impact of corporate governance on the financial performance of publicly traded insurance businesses in Nigeria. The paper used Data from the published annual accounts and reports of 27 insurance companies covering the period 2012-2018.A multivariate regression analysis was used to analyse the secondary data collected for the study. Board size and independence were found to have a statistically significant positive effect on return on equity, while board meetings had a statistically significant negative effect on return on equity. Managerial ownership has a marginally favorable impact on return on equity, but board composition and gender diversity have a marginally negative impact on return on equity. The findings in this paper can act as a means for more comprehensive research particular in the entire financial sector. This paper also serves as a guide for companies in determining how corporate governance affects or shapes financial performance. Keywords: Corporate Governance, Board Size, Board Composition, Gender Diversity, Board Independence, Financial Performance
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