KOGI STATE
Faculty of Management Sciences
Journal of MANAGEMENT
ISSN: 3212 - 3122
Okeke, Prince Chinedu PhD. & Okeke, Florence Adaora PhD.
Abstract
Aim/purpose - This paper examines the mediating role of corporate governance and firm value as it relates to determinant of persistent crises in the Nigeria insurance sector.
Design/methodology/approach - The design adopted for this research is the ex-post facto. The study made use of secondary data collected from the fact book of the NSE and websites of the selected insurance firms. Data collected was for both corporate governance and firm value variables. The data collected was analysed using both descriptive and inferential statistics (Ordinary Least Squares) via the Statistical Package for Social Sciences (SPSS).
Finding - The study provides evidence that corporate governance of firms in Nigerian insurance firms has significant impact on the firm value as measured by their return on investment.
Recommendations - The study recommends that everyone should be carried along, there should be friendly ties between the boards of the insurance, the management, and the shareholders. Below standard corporate governance tactics by Nigerian insurance should not be tolerated by the government or regulators like the NAICOM. To guarantee that all stakeholders' interests in the Nigerian insurance sector are constantly protected, the national insurance commission should conduct its interactions with the insurance firms in a fair and transparent manner.
Design/methodology/approach - The design adopted for this research is the ex-post facto. The study made use of secondary data collected from the fact book of the NSE and websites of the selected insurance firms. Data collected was for both corporate governance and firm value variables. The data collected was analysed using both descriptive and inferential statistics (Ordinary Least Squares) via the Statistical Package for Social Sciences (SPSS).
Finding - The study provides evidence that corporate governance of firms in Nigerian insurance firms has significant impact on the firm value as measured by their return on investment.
Recommendations - The study recommends that everyone should be carried along, there should be friendly ties between the boards of the insurance, the management, and the shareholders. Below standard corporate governance tactics by Nigerian insurance should not be tolerated by the government or regulators like the NAICOM. To guarantee that all stakeholders' interests in the Nigerian insurance sector are constantly protected, the national insurance commission should conduct its interactions with the insurance firms in a fair and transparent manner.
Keywords
Persistent Crises, Determinant, Insurance Sector, Corporate Governance, Firm Value.
Full Article
DETERMINANT OF PERSISTENT CRISES IN THE NIGERIA INSURANCE SECTOR: THE MEDIATING ROLE OF CORPORATE GOVERNANCE AND FIRM VALUE
UNIVERSITY, ANYIGBA
