Corporate Governance Standard and Financial Performance of Nigerian Health Care Manufacturing Companies

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-09-13 DOI:10.56201/jafm.v9.no3.2023.pg161.170

Lawrence S. Edeh, Kingsley Sunday Oyekezie

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Abstract

This study examined the extent at which corporate governance standard affects financial performance on health care manufacturing companies in Nigeria from 2012 to 2021. Ex Post Facto research design was adopted for the study. Six health care manufacturing companies were selected for the study. Data were extracted from annual reports and accounts of the sampled health care companies and regression analysis was employed to test the hypotheses. The results show that shareholders relationship has significant effect on return on equity of health care manufacturing companies in Nigeria while remuneration has no significant effect on return on equity of health care manufacturing companies in Nigeria. Based on the findings of this study, it was recommended that the company’s management should consider a judicious and reasonable reimbursement level of board’s members to attract a realistic relation between shareholders and company’s management, hence, enhance firm’s financial performance in the intensification of shareholders’ value

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尼日利亚医疗保健制造企业的公司治理标准与财务绩效

本研究考察了公司治理标准对2012年至2021年尼日利亚医疗保健制造公司财务绩效的影响程度。本研究采用事后研究设计。本研究选取了六家医疗保健制造公司。数据从样本医疗保健公司的年度报告和账目中提取，并采用回归分析来检验假设。结果表明，股东关系对尼日利亚医疗保健制造企业的净资产收益率有显著影响，而薪酬对尼日利亚医疗保健制造企业的净资产收益率无显著影响。基于本研究结果，建议公司管理层应考虑合理合理的董事会成员薪酬水平，以吸引股东与公司管理层之间的现实关系，从而在股东价值的强化中提升公司的财务绩效

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).