Corporate Governance and Financial Performance in Nigerian Agricultural Firms

Abstract

This study determined the effect of corporate governance and financial performance in the Nigerian agricultural firms, using board size and proportion of non-executive directors as the independent variables while return on assets represents financial performance. Ex-Post-Facto research design and content analysis were adopted for the study. Data for the study were extracted form annual reports and accounts of agricultural firms in Nigeria from 2013 to 2023. Regression analysis was employed to test the hypotheses. From the results, the study upheld that board size has not significantly affected financial performance of agricultural firms in Nigeria at 5% level of significance. The study showed that non-executive directors. Based on the findings from the analysis, the study recommended among others that the number of firm boards members should be based on the firm’s capacity, and the policies for easy decision making and timely execution of operations.