OWNERSHIP STRUCTURE AND FIRM EFFICIENCY

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SUMMARY

The primary thrust of this study was to examine the relationship between Ownership structure and firm efficiency for Nigerian listed firms. The study covered a period of five (5) years from 2017 43 to 2021 employing 382 firms’ yearly observation. The study employed descriptive statistics in order to understand the nature of the sample data, correlation analysis and Ordinary least regression analysis in as the level the heterogeneity of the sample data, was not strong. The descriptive statistics show that on the average, firm efficiency for sample firms was higher than 0.5. The evidence adduced by the Ordinary least square regression indicates that Institutional ownership significantly affect firm efficiency in Nigeria. For the control variables of firm size, and leverage we find that for Nigerian firms they significantly relate to firm efficiency.

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