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ABSTRACT
This study explores the relationship between corporate governance practices and the financial performance of parastatals in Nigeria, with a specific focus on listed parastatals in Edo State. Corporate governance, defined by mechanisms such as board composition, transparency, accountability, and stakeholder rights, plays a critical role in shaping the operational and financial outcomes of organizations. This research examines how these practices influence the financial performance of parastatals, measured by key financial indicators such as return on assets (ROA), return on equity (ROE), and profit margins. Using a combination of qualitative and quantitative methodologies, the study analyses data from selected parastatals in Edo State to determine the extent to which adherence to corporate governance standards correlates with improved financial performance. The findings highlight the significance of strong governance frameworks in enhancing the financial sustainability and efficiency of parastatals, offering valuable insights for policymakers, regulators, and corporate leaders in Nigeria.
