Corporate Governance and Non-financial Performance of Medium-sized Firms in Nigeria: A CB-SEM Approach

Q3 Business, Management and Accounting

Indian Journal of Corporate Governance Pub Date : 2019-10-23 DOI:10.1177/2349139619880983

B. Adedeji, M. Uzir, M. M. Rahman, Ishraq Jerin

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引用次数: 6

Abstract

Abstract This study investigates the perceptions of firm executives with respect to the extent of the influence of corporate governance (CG) practices on the non-financial performance (NFP) of medium-sized firms in Nigeria. The theoretical support for the research is from the stakeholder and agency theories. The cross-sectional survey and the cluster and stratified probability proportionate sampling methods are adopted, while the data collection is through a structured questionnaire that covers four CG indicators of board size, director’s qualification, ownership structure and board audit committee. The co-variance-based structural equation modelling (CB-SEM) technique ensures the analysis of the data collected. The result indicates that CG has significant positive effect on firms’ NFP. This outcome supports the urgent need for the development and execution of CG code of ethics for the non-listed firms alongside a regulatory agency for ensuring monitoring and compliance. The drawbacks are inclusive of the measure of variables on linear relationship basis and non-adoption of the longitudinal approach for the study. Future studies need to look at the usage of the intervening variables which, can further aid in evaluating the relationships of the research variables and their indirect and total effects.

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尼日利亚中型企业的公司治理与非财务绩效:CB-SEM方法

摘要本研究调查了公司高管对公司治理(CG)实践对尼日利亚中型公司非财务绩效(NFP)影响程度的看法。本研究的理论支持来自于利益相关者理论和代理理论。采用横断面调查法、聚类抽样法和分层概率比例抽样法，通过结构化问卷收集数据，问卷涵盖董事会规模、董事资格、股权结构和董事会审计委员会四个CG指标。基于协方差的结构方程建模(CB-SEM)技术确保了所收集数据的分析。结果表明，企业绩效对企业NFP有显著的正向影响。这一结果表明，迫切需要为非上市公司制定和执行企业治理道德准则，同时设立监管机构以确保监督和合规。缺点包括在线性关系的基础上测量变量和未采用纵向方法进行研究。未来的研究需要关注干预变量的使用，这可以进一步帮助评估研究变量及其间接和总影响的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Indian Journal of Corporate Governance Business, Management and Accounting-Business and International Management

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： Indian Journal of Corporate Governance is a bi-annual refereed journal that provides a forum for discussions and exchanging views on a wide range of corporate governance issues ranging from board practices, independent directors, whistle blower policies and shareholder activism on one hand to media’s role in corporate governance, corporate social responsibility and sustainability reporting on the other. It comprises of research articles, concept papers, case studies and reports providing a blend of theory and practices of corporate governance globally to cater to the interests of practitioners, academics, researchers and policy makers.