IMPACT OF CORPORATE GOVERNANCE ON FIRM PRODUCTIVITY

ABSTRACT

This paper seeks to investigate the influence of firm corporate governance on the firm productivity of listed firm in the Nigeria exchange group (NGX) . The study employed the four corporate governance variables of Board size, Board independence, CEO ownership and Board gender diversity, it also include two control variables of firm size and Firm age. The study adopted the expost facto research design. The population for the study comprises of all listed firms in Nigeria exchange as at Dec 2022. Secondary data from audited published annual financial reports of sample firm were used for the data analysis. Descriptive statistics, Pearson correlation matrix is used. The result disclosed that board size is negatively related to the degree of from productivity but not Significant, board independence has no significant relationship in the level of firm productivity, CEO ownership has a positive relationship with the level of firm productivity but not Significant, board Gender diversity is positively related to the firm but however not Significant. The study concludes that the corporate governance variables selected for this study are not Significant influence on the firm productivity. The study recommended that board Gender diversity should be delibratetly pursued by the regulatory authorities as it is one variables proven in other climes to improve not only corporate productivity but national development. The study also recommend that for board Gender to contribute to gevernance of the firm there should be statutory determined female representation on the board. Board independence should be enhanced and every step necessary to protect the 15 independence of the board should be deployed as the study indicates that it can influence firm productivity if implemented.