Relationship between Corporate Governance and Managerial Efficiency in Nigerian Public Corporations
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Date
2019
Authors
OFUANI, AIWANEHI BARBARA
ADEBISI, SUNDAY ABAYOMI
Journal Title
Journal ISSN
Volume Title
Publisher
BRITISH ACADEMY OF MANAGEMENT CONFERENCE, ASTON UNIVERSITY, BIRMINGHAM, UNITED KINGDOM
Abstract
Corporate governance importance in ensuring compliance with procedures, rules and
regulations for efficient delivery of public corporation in developing nation has become a very
important discussion among scholars, due to growing governance failure, indicated by collapses
of erstwhile large state corporations across the globe. Unethical business conduct, corporate
governance abuses and managerial inefficiencies have been seen to pervade most operations of
public corporations in Africa. This paper therefore addressed corporate governance practices
and managerial efficiency in some selected public corporations in Nigeria. Data were obtained
from the Lagos offices of the selected six public sector establishments with a questionnaire
instrument, using a multi-staged sampling technique (purposive and stratified). Data were
analyzed using Duncan’s Post-Hoc tests, Correlation Regression models and ANOVA test. The
results of the tests showed that Nigerian Public corporations partially comply with code of
corporate governance practices and that; there exists a positive relationship between corporate
governance and managerial efficiency. The paper concludes that strict compliance with existing
code of corporate governance is important and that, structures should be established to ensure
sound ethical climate for managerial efficiency to the satisfaction of all stakeholders.
Description
Keywords
Corporate Governance, Managerial efficiency, Public Corporations, Stakeholder theory, Political theory
Citation
BRITISH ACADEMY OF MANAGEMENT CONFERENCE, ASTON UNIVERSITY, BIRMINGHAM, UNITED KINGDOM Conference Proceedings