Corporate Governance and Companies Financial Performance: Evidence from UK FTSE 100 Companies

Nnaji, Owen (2011) Corporate Governance and Companies Financial Performance: Evidence from UK FTSE 100 Companies. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

ABSTRACT

This study examines the impact of corporate governance mechanisms on companies’ performance using a comprehensive sample from the FTSE 100 non-financial companies listed in the UK. Company performances are measured in terms of Tobin Q; a market value measure devised by James Tobin of Yale University and Return on Asset. Corporate governance variables identified as probably explaining a significant amount of variations in company’s performance include CEO Duality, board size and board non-executive directors. I find considerable evidence from the study, for the three year periods; indicating an inconsistent positive and negative association between board size on company’s performance. Similar inconsistencies in results were also found with the variables CEO Duality and Board composition represented by the Non-executive directors on companies’ performance.

Finally, based on the relationships, all the corporate governance variables have no significant impact on companies’ performance.

Keywords: Corporate Governance; Board of Directors; FTSE100; Agency Theory.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 25 Apr 2012 14:26
Last Modified: 15 Sep 2016 12:53
URI: http://eprints.nottingham.ac.uk/id/eprint/25050

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