NWUDE, CHY EDITH and Covenant University, Theses (2021) ORGANISATIONAL COMPLIANCE, CORPORATE GOVERNANCE REQUIREMENTS AND REPUTATION OF SELECTED PUBLIC QUOTED COMPANIES IN NIGERIA. ["eprint_fieldopt_thesis_type_phd" not defined] thesis, COVENANT UNIVERSITY.
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Abstract
Perceived heightening erosion of regulators and other stakeholders' trust and confidence in public-quoted companies’ compliance with corporate governance requirements in Nigeria has necessitated the need for the introduction and application of systematic checks on organizational resources to ensure accountability and protect the rights of shareholders and other stakeholders. This study investigated the effect of organizational compliance, corporate governance requirements on reputation of selected public quoted companies in Nigeria. Mixed research method was employed for the study which gave priority to the quantitative approach, while the qualitative provided a supporting role. Regression analysis was used to test hypothesis one to four while smart partial least square (PLS 3.0) was used to analyze the fifth hypothesis. Thematic analysis was also used to analyze the semi-structured interviews. The result showed that assessment of ownership structure had positive and significant effect on the transparency of public quoted companies (r = .503, r2 = .253, p= 0.000)); evaluation of shareholders exercise of rights has positive and significant effect on the accountability of public quoted companies (r = .472, r2 = .223, p= 0.000); assessment of corporate auditing has positive and significant effect on the integrity of public quoted companies (r = .595, r2 = .354, p= 0.000); evaluation of board structure has positive and significant effect on corporate communication with stakeholders of selected public quoted companies (r = .478, r2 = .228, p= 0.000); and scorecard implementation strategy served as moderator between organizational compliance with corporate governance requirements and corporate reputation (β=.141, Tval =2.241, p=.025). Results from both quantitative and qualitative analysis revealed a relationship between organizational compliance with corporate governance requirements and corporate reputation that is in consonance with what was testified to in the literature. Far-reaching recommendations were adduced on how to sustain compliance with corporate governance requirements for improved corporate reputation of public quoted companies in Nigeria and these included the need to sustain the compliance level achieved through the introduction of the corporate governance scorecard. In conclusion, the study indicated that compared to the pre-corporate governance enforcement era, there has been a steady improvement in the level of transparency as well as in the integrity of reporting and board accountability of public quoted companies in Nigeria though there are still some loopholes, companies are more careful to avoid being sanctioned. Based on the findings, the study recommended that companies should entrench in their corporate culture, values that would further corporate governance practice. The study also recommended regular onsite inspections to verify information put forward by companies as well as effective enforcement and sanction for non-compliance.
| Item Type: | Thesis (["eprint_fieldopt_thesis_type_phd" not defined]) |
|---|---|
| Uncontrolled Keywords: | organisational compliance; corporate governance Scorecard; Regulators; Quoted Companies; Reputation; Stakeholders. |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Hannah Akinwumi |
| Date Deposited: | 11 Aug 2021 13:18 |
| Last Modified: | 11 Aug 2021 13:18 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/15284 |
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