Board composition and critical decisions in nigerian quoted firms | Blazingprojects Postgraduate Thesis
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Board composition and critical decisions in nigerian quoted firms

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of Study
  • 1.3Problem Statement
  • 1.4Objective of Study
  • 1.5Limitation of Study
  • 1.6Scope of Study
  • 1.7Significance of Study
  • 1.8Structure of the Research
  • 1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Board Composition
  • 2.2Role of Directors in Quoted Firms
  • 2.3Importance of Critical Decisions
  • 2.4Relationship between Board Composition and Decision Making
  • 2.5Factors Influencing Board Composition
  • 2.6Theoretical Frameworks on Board Composition
  • 2.7Empirical Studies on Board Composition
  • 2.8Impact of Board Diversity on Decision Making
  • 2.9Challenges in Board Composition
  • 2.10Best Practices in Board Composition

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Methodology Overview
  • 3.2Research Design
  • 3.3Sampling Techniques
  • 3.4Data Collection Methods
  • 3.5Data Analysis Techniques
  • 3.6Ethical Considerations
  • 3.7Validity and Reliability
  • 3.8Limitations of the Methodology

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Findings
  • 4.2Board Composition Trends in Nigerian Quoted Firms
  • 4.3Critical Decisions in Nigerian Quoted Firms
  • 4.4Impact of Board Diversity on Decision Quality
  • 4.5Challenges Faced by Boards in Decision Making
  • 4.6Strategies for Improving Board Decision Making
  • 4.7Comparison with International Practices
  • 4.8Recommendations for Nigerian Quoted Firms

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Conclusion and Summary
  • 5.2Summary of Findings
  • 5.3Contributions to Literature
  • 5.4Practical Implications
  • 5.5Recommendations for Future Research

Thesis Abstract

This study examines the effect of board composition on critical decisions of Nigerian quoted firms. The six critical decisions studied were Chief Executive Officer’s (CEO) total compensation, CEO’s incentive pay out of total compensation, the level of firm unrelated diversification, intensity of firm research and development expenditures, firm’s debt intensity and CEO turnover. The six hypotheses formulated for the study were estimated using the Z-test, analysis of variance (ANOVA) and generalized least square (GLS) multiple regression. The findings of the study showed that board composition had negative effect on CEO’S total compensation; while board composition had positive effect on critical decisions such as; CEO incentive pay out of total compensation, firm unrelated diversification, firm’s research and development expenditure, firm debt intensity and CEO turnover. The findings of the study provide partial evidence on the effective of the agency theory. One of the greatest contributions of the studies is the discovery of entirely agency conflict which is between the non-executive board members and shareholders. The theoretical framework and findings of this study are expected to stimulate scholars for further research on mechanism for resolving this entirely new version of agency conflict in the Nigerian corporate environment.

Thesis Overview

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