Board Characteristics and Directors Tunneling- An Empirical Analysis of Conglomerate Firms in Nigeria

Nkiru Peace Nwakoby,, Raymond A. Ezejiofor,, Ada Kanu Ajike,

Abstract


This study is to examine the relationship that exists between the board characteristics and directors tunneling of conglomerates firms in Nigeria. The specific objectives are: to determine the relationship exist between Board size and related party transaction of quoted conglomerates firms in Nigeria and to ascertain the relationship exist between board independent and related party transaction of quoted conglomerates firms in Nigeria. Ex post fact research design and time series data were adopted. Formulated hypotheses were tested using multiple regression and Pearson Coefficient Correlation with aid of SPSS Version 20.0. The study found that board size has negative significant relationship on related party transaction of conglomerates firms in Nigeria. Another finding is that board independent has positive significant relationship on related party transaction of conglomerates firms in Nigeria. Based on the findings of the study, the  study recommends that in order to  ensure the shareholders‟ returns, corporate organizations should encouraged to appoint board members based on expertise, character and professional qualifications as well have more outside directors in the size of the board.

 


Keywords


Board Characteristics, related party transaction and conglomerate firms

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