Research Article

BOARD ATTRIBUTES AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA

Nadima Bashir Abdullahi1*
1 Department of Business Administration and Entrepreneurship Faculty of Management Sciences Kaduna State University
* Corresponding author: nadimababdullah@gmail.com
Published: Dec, 2025
DOI: 10.68022/kbmr.2025.xnrd4o5s
Pages: 112-125
Views: 14
Downloads: 5

Abstract

The study examined the effects of board attributes on the financial performance of listed manufacturing firms in Nigeria for the period of 2020-2024. The study used a correlational research design. The study used data extracted from annual reports of listed manufacturing firms in Nigeria. The study was anchored on the agency theory and resource dependence theory. The population of the study comprised the 26 listed manufacturing firms. The adjusted population was 24 listed manufacturing firms in Nigeria. The data collected were analyzed with the aid of GLS multiple regression technique. The study found that board size and board independence have a significant effect on the financial performance of the listed firms. Based on the findings, the study recommends the use of a large proportion of independent nonexecutive directors in the composition of the board of directors to ensure proper monitoring of management. The study also recommends that listed manufacturing firms in Nigeria should sustain a reasonable large number of boards, as it has been revealed that a larger board has a positive impact on theirfinancialperformance.

Keywords

financialperformance board independence and board size

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How to Cite

Abdullahi, N. B. (2025). BOARD ATTRIBUTES AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA. Kaduna Business and Management Reviews, 6(2), 112-125. https://doi.org/10.68022/kbmr.2025.xnrd4o5s

N. B. Abdullahi, "BOARD ATTRIBUTES AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN NIGERIA," Kaduna Business and Management Reviews, vol. 6, no. 2, pp. 112-125, December 2025. doi: 10.68022/kbmr.2025.xnrd4o5s

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