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CEO DUALITY, BOARD SIZE, AND FIRM PERFORMANCE: EVIDENCE FROM NIGERIAN BREWERY COMPANIES

Emmanuel Chukwudi Okeke
Published 19 February 2025
Vol. 11, No. 2 (2023)
CC BY 4.0
  1. 1
    Emmanuel Chukwudi Okeke
    Lecturer, Department of Accountancy, Faculty of Business Administration Abia State University, Uturu Nigeria.
    NG

This work investigated the effect of CEO duality and board size on the performance of quoted Nigerian brewery companies. Corporate governance has been brought to limelight as a result of the dilemma faced by organizations ranging from large scale misappropriation of funds, excessive executive remuneration and unequal treatment of shareholders to total corporate failure. The objectives of this research were to: Determine whether chief executive officer (CEO) duality has any effect on firm's financial performance and to examine how board size influences the firm's financial performance, as independent variables while the performance variable used was Profit after Tax (PAT) as dependent variable. Multiple Regression test was used to estimate the relationship between CEO duality and board size as components of corporate governance and firm financial performance. This study adopted a descriptive research design and data was analysed using a multiple linear regression model. The findings reveal that there is an insignificant relationship between CEO duality and firm performance. The study also revealed a significant relationship between board size and increased performance. The study recommends that there is need to have a sizeable board for an effective increase in performance and that Chief Executive Officer (CEO) and chairman should be separated so that the performance of the firms will be carried out effectively without much interference.

JournalEconomics and Social Policy Research Journal
ISSN3065-0550
Volume / IssueVol. 11, No. 2 (2023)
Published19 February 2025
Access Open Access
LicenseCC BY 4.0 — reuse with attribution
PublisherKeith Publications
Okeke, E. (2025). CEO DUALITY, BOARD SIZE, AND FIRM PERFORMANCE: EVIDENCE FROM NIGERIAN BREWERY COMPANIES. Economics and Social Policy Research Journal, Vol. 11 No. 2

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