Tag Archives: Corporate performance

Effect of Corporate Governance Mechanisms on Corporate Performance: An Empirical Study of Non-Financial Firms in Nigeria (Published)

The study examined the influence of corporate governance mechanisms on corporate performance of non-financial firms in Nigeria. Secondary data from published accounts and Nigerian Security Exchange Factbooks were analyzed using panel regression methodology. Independent variables were board size, directors’ shareholding, block holding and leverage while return on assets and return on equity was the dependent variables for the period between 1990 and 2017. Findings suggest that leverage has positive significant correlation with return on assets and return on equity while directors’ shareholding, block holding had inverse relations with dependent variables. However, board size had mixed result with a negative significant influence on return on equity while showing an inverse but insignificant impact on return on assets. The study concludes that the selected independent indicators have more influence on return on equity than return on assets. Thus, return on equity performs better than return on assets for non-financial firms in Nigeria

 

Keywords: Corporate Governance Mechanisms, Corporate performance, Nigerian listed firms

Corporate Social Responsibility: Concepts, Perspectives, and Link with Corporate Performance: Literature Review (Published)

Nowadays, the term of Corporate Social Responsibility (CSR) becomes increasingly important. The growing trend of CSR becomes an interested challenge for companies and their management. There is an integration of positive attitudes, practices, or programs into company’s business strategy at the top management level. For companies and their management, it is important to know if CSR activities lead to financial and non-financial benefits. The paper reviews the CSR concepts, definitions and the link between this concept and performance.

Keywords: CSR, Corporate performance

An Empirical Study on the Relationship between Capital Structure and Corporate Performance in China’s Food and Beverage Industry (Published)

The listed companies in China’s food and beverage industry have good profitability and low risk. They have the characteristics of stable performance growth and broad space for development. These companies have always attracted the attention of many investors and have become a unique sector in the stock market. This paper firstly sort out literature review on impact mechanism between capital structure and firm performance, and then use 58 listed companies in China’s food and beverage industry from 2011 to 2015 as sample, meanwhile dividing the companies into high-growth and low-growth companies. Finally, the empirical test was conducted with fixed effect regression respectively. The empirical results show that there is a weak degree of negative correlation between asset-liability ratio and performance of listed companies in China’s food and beverage industry. It concludes that: China’s food and beverage companies prefer equity financing, failing to make full use of financial leverage, meanwhile there is a structural imbalance in the development of capital markets.

Keywords: Beverage Industry, Capital Structure, Corporate performance, Food

Assessing the Impact of Retained Profit on Corporate Performance: Empirical Evidence from Niger Mills Company, Calabar-Nigeria (Published)

This study examined the impact of retained profit on corporate performance of Niger Mills Company Ltd Calabar-Nigeria. The research evaluated the Importance of retained profits as an alternative source of financing the activities of a corporation. Data were collected from the annual report of Niger Mills Company Ltd. Calabar and the statistical model used for data analysis was Karl Pearson product moment correlation coefficient. Findings revealed that the future earnings capacity of Niger Mills Ltd. Calabar depends on its retained profit. It was also discovered that accumulated profit retained in the business has the potential of boosting future earnings. It was therefore concluded that, corporate bodies should always retain profits in their business rather than distribute all of it to shareholders. To this end, it was recommended that corporate entities should always retained profit in their business if they have to achieve a competitive edge over their rivals. Also that policies should be instituted by corporate bodies where by a high percentage of net profit is retained in the business

Keywords: Corporate performance, Future Earnings, Retain Profit, Shareholders

EFFECT OF ABSENTEEISM ON CORPORATE PERFORMANCE: A CASE STUDY OF CADBURY NIGERIA PLC, IKEJA, LAGOS STATE, NIGERIA. (Published)

This study examined the effect of absenteeism on corporate performance. Cadbury Nigeria Plc, Ikeja was used for the case study. The descriptive survey method of research was used and primary data were collected by the used of questionnaire. The primary data collected were processed by the use of statistical package for social sciences (SPSS). Multiple Regression statistical method was used to analyse and test the research hypotheses at 0.05 level of significance. The findings of study showed that there was a significant relationship between Absenteeism and corporate performance. The F test carried out for the model revealed that ρ< 0.05 which means the model is statistically significant. Based on the findings, it was recommended that organizations should identify the causes of workers absenteeism and seek means of reducing it, avoid regular hiring and firing of staff, discourage workers from taking irrelevant excuses to be absent from work by ensuring that workers are paid based on the hourly rate system and ensure that staff are motivated by paying them commensurate wage rate that will encourage them to remain on the job and improve their performance.

Keywords: Absenteeism, Cadbury, Corporate performance, Financial Performance

Organizational Climate and Corporate Performance: The Nigerian Experience (Review Completed - Accepted)

The study examined the relationship between organizational climate and corporate performance in the Nigerian oil industry. The sample for the study consisted of three hundred and eighty two (382) employees from seven randomly selected major oil companies in Nigeria. The study utilized both quantitative data (questionnaire) and qualitative data (interview). The spearman rank correlation coefficient and Multiple Regression Model using the Statistical Package for Social Sciences (SPSS) version 15 were utilized for the analysis of data. Our finding revealed a positive and significant relationship between organizational climate and corporate performance. Specifically, recognition for achievement, organizational support and cohesion were revealed to have a positive and significant influence on corporate performance. Based on this finding, it was concluded that the prevailing organizational climate had a significant positive effect on corporate performance. The managerial implications of these findings were also discussed

Keywords: Corporate performance, Organizational Climate, Organizational support, cohesion