CORPORATE GOVERNANCE AND PERFORMANCE OF INSURANCE FIRMS

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ABSTRACT

This study focuses on empirically estimating the relationship between corporate governance management and the firm value of deposit money banks in Nigeria. Twelve (12) deposit money banks were used in this study. Five variables such as; Tobin Q, board meeting, board size, board gender as well as board independence were used in this study. The data used ranges from 2013 to 2022 across 12 deposit money banks in Nigeria. And the number of observation is (12 insurance firms times 10 years) 120. This study used the panel regression technique. This implies that the 120 observations are pooled together before the regression is run, thus neglecting the time series nature and cross sectional nature of the data. The Ordinary Least squares estimations were employed in the estimation of the models. Results from the empirical analysis showed that there is significant relationship between corporate governance and firm value. 

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