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Ownership Structure and The Performance of Quoted Companies in Nigeria

Ogbulu, Onyemachi Maxwell and Emeni, F. K. (2010) Ownership Structure and The Performance of Quoted Companies in Nigeria. International journal of Business and Behavioral Sciences' Research, 1 (1). pp. 60-73. ISSN 2161-153X

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Abstract

Following the Berle-Means thesis ( 1932) which implies that diffuse ownership adversely affects finn pe1jonnance, diverse researches have been carried out to obtain an empirical evidence to support or nullify their position. This work, seeks to find out whether the ownership structure of Nigerian finns results in systematic variations in their pe1jormance. For the purpose of this study, ownership structure was classified as inside or managerial ownership and outside ownership (those who are not directly involved in management). The objective of the study is to ascertain the influence of each of the classification onfirm 's pe1jonnance. The hypotheses were tested using datafor 20 Nigerian firms listed on the NSE. Empirical findings suggest that whereas a high level of inside ownership negatively but significantly relates to higher firms' performance, outside ownership was found to be positively and significantly related to firm performance

Item Type: Article
Uncontrolled Keywords: ownership structure, and performance of quoted companies
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 04 May 2015 15:32
Last Modified: 04 May 2015 15:32
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/5159

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