Corporate Governance and Market Performance of Non-financial Firms in Nigeria

Abstract

board independence, board gender diversity and board meetings on the market performance of Nigerian quoted non-financial firms from 2010 to 2019. The used ex post facto research design and the sample included eighteen (18) quoted non-financial firms. The data analysis was carried out with the aid of Generalised Method of Moment (GMM) via E-view software. The results showed that board independence and board meetings exhibited a significant effect on market performance while board size and board gender diversity displayed an insignificant effect on market performance. Therefore, it was recommended that the non-executive directors should be selected based on their experience and business knowledge expertise while regular board meetings should also be held by the board.