Executive Remuneration and the Financial Performance of Quoted Firms: The Nigerian Experience

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dc.contributor.authorOgbeide, Sunday
dc.contributor.authorAkanji, Babatunde
dc.date.accessioned2019-07-17T10:29:34Z
dc.date.available2019-07-17T10:29:34Z
dc.date.issued2016
dc.description.abstractThis study examined executive remuneration and firms’ performance in Nigeria. Specifically, the study seeks to ascertain the nexus between executive remuneration, firm size and board size variables and the performance of quoted companies. The population of the study consists of all the quoted firms as at 31st December, 2014. A sample of sixty (60) companies excluding non- financial firms was selected for the period 2013 and 2014. Summary statistics such as descriptive, correlation and granger causality tests were used. Inferential statistics, using panel Generalized Least Square (EGLS) with fixed effect was used for the purpose of empirical validations. This was after the application of diagnostic test to enhance the study. The study ascertained that executive remuneration has a relationship with firm performance, but negatively impacted on it; though was not statistically significant. Firm size was ascertained not to have significant positive relationship with firms’ performance; though it has a causality relationship with the performance of the firms. Board size was found to negatively affect the performance of firms and is statistically not significant. Premised on this, the study suggests that executive remuneration of quote firms should be pegged constantly in a flexible manner. This will enable shareholders known the causality relationship between what is paid to the executive and how that influence performance.en_US
dc.identifier.citationOgbeide, S., & Akanji, B. (2016). Executive Remuneration and the Financial Performance of Quoted Firms: The Nigerian Experience. Management and Economics Review, 1(2), 229-242.en_US
dc.identifier.urihttp://mer.ase.ro/files/2016-2/14.pdf
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/351
dc.language.isoenen_US
dc.publisherFaculty of Management, Academy of Economic Studies, Bucharest, Romaniaen_US
dc.subjectExecutive remunerationen_US
dc.subjectFirms’ financial performanceen_US
dc.subjectAgency theoryen_US
dc.subjectFirm Sizeen_US
dc.subjectBoard sizeen_US
dc.titleExecutive Remuneration and the Financial Performance of Quoted Firms: The Nigerian Experienceen_US
dc.typeArticleen_US
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