Corporate Governance Dimensions and Organizational Performance: A Pragmatic Investigation from Nigerian Banks

Abstract

This study seeks to examine the impact of corporate governance dimensions on organization Performance with specific reference to the Nigerian Banking Industry. Data were sourced via the audited financial statements of the selected bank for a period of five years between 2013 and 2018. Data analysis was performed with the aid of multiple regression analysis and Pearson Product Moment Correlation Coefficient. The result establishes that positive relationship exists between Board independence and organizational performance measured by earnings per share and return on equity. The result further affirms that Board size and Chief executive duality have an inverse effect on organizational performance measured by earnings per share and return on equity. The implication of this that the abolition of Chief executive duality and small Board size would save guide the shareholder interest and enhances effective monitoring and control. Thus, it will attract both foreign and local investors to invest in the banking sector in Nigeria.