OWNERSHIP STRUCTURE AND FINANCIAL PERFORMANCE ON LISTED MANUFACTURING FIRMS IN NIGERIA

Authors

  • Abdul Kerim Ahmadu Bello University Zaria
  • Samuel Olusegun James PhD Kogi State University Anyigba
  • Mu’azu Saidu Badara PhD Ahmadu Bello University Zaria
  • Odobi Ojochogwu David Kogi State University Anyigba

DOI:

https://doi.org/10.57233/gujaf.v2i3.78

Keywords:

Ownership Structure, Institutional Owners Financial Performance, Manufacturing Companies, Nigeria

Abstract

This study looked at the ownership structure and financial performance of listed manufacturing companies in Nigeria. The Return on Asset was used as a proxy for the effect of the variables of the ownership structure on the financial performance of the company. A sample of 35 listed manufacturing companies was used for the study. The data was collected and analyzed from nine years of annual reports and accounts of selected sample manufacturing companies. The study found that institutional ownership has a positive and significant impact on financial performance. The study recommends that institutional owners continue to use their resources and expertise to exercise control over management abuse, which has the potential to negatively impact the performance of Nigeria[1]listed manufacturing companies.

Author Biographies

Abdul Kerim, Ahmadu Bello University Zaria

Department of Accounting
Ahmadu Bello University, Kaduna State Nigeria
+2348062946629

Samuel Olusegun James PhD, Kogi State University Anyigba

Department of Banking and Fin ance
Kogi State University Anyigba, Kogi State Nigeria
+2348036197383

Mu’azu Saidu Badara PhD, Ahmadu Bello University Zaria

Department of Accounting and Finance,
Ahmadu Bello University, Nigeria
+2348065487339

Odobi Ojochogwu David, Kogi State University Anyigba

Department of Accounting
Kogi State University Anyigba, Kogi State Nigeria
+2348062913951

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Published

2021-04-21

How to Cite

Kerim, A., Olusegun James, S., Saidu Badara, M., & Ojochogwu David, O. (2021). OWNERSHIP STRUCTURE AND FINANCIAL PERFORMANCE ON LISTED MANUFACTURING FIRMS IN NIGERIA. Gusau Journal of Accounting and Finance, 2(3), 12. https://doi.org/10.57233/gujaf.v2i3.78