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Firm performance, ownership structure, and CEO selection: the case of Nigeria.

This paper attempts to examine the effect of ownership structures, corporate performance and board political connectedness on CEO selection. The sample of the study is all Nigerian non financial firms from the year 2011 to 2015 consisting of 72 CEO selection events. This study uses logistic regressi...

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Main Authors: Abdullahi, Yahya Uthman, Ishak, Rokiah, Sawandi, Norfaiezah
Format: Article
Language:English
Published: OMJP Alpha Publishing 2018
Subjects:
HF5601 Accounting
Online Access:http://repo.uum.edu.my/26131/1/IPJAF%202%201%202018%2049%2060.pdf
http://repo.uum.edu.my/26131/
http://ipjaf.omjpalpha.com/index.php/ipjaf/article/view/41
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spelling my.uum.repo.261312019-06-23T02:46:43Z http://repo.uum.edu.my/26131/ Firm performance, ownership structure, and CEO selection: the case of Nigeria. Abdullahi, Yahya Uthman Ishak, Rokiah Sawandi, Norfaiezah HF5601 Accounting This paper attempts to examine the effect of ownership structures, corporate performance and board political connectedness on CEO selection. The sample of the study is all Nigerian non financial firms from the year 2011 to 2015 consisting of 72 CEO selection events. This study uses logistic regression analysis to provide evidence that firms dominated with blockholder ownership favour external successors while managerial ownership-controlled firms are inclined to select internal candidates as successors. However, this study fails to support the argument that corporate performance and board political connectedness do influence the choice of CEO selection in the Nigerian public listed companies. In sum, the findings suggest that blockholders and managerial ownership significantly influence the choice of the origin of the successor CEOs in the Nigerian corporate landscape. This paper enriches the literature about CEO selection choices in developing economies with weak corporate governance structure like Nigeria. In addition, the findings from this study could be of immense benefit to the shareholders and corporate board members in making a decision on recruiting their CEOs; and the regulatory agencies in the formulation and enforcement of reforms that guarantee good corporate practices by the boards. OMJP Alpha Publishing 2018 Article PeerReviewed application/pdf en http://repo.uum.edu.my/26131/1/IPJAF%202%201%202018%2049%2060.pdf Abdullahi, Yahya Uthman and Ishak, Rokiah and Sawandi, Norfaiezah (2018) Firm performance, ownership structure, and CEO selection: the case of Nigeria. Indian-Pacific Journal of Accounting and Finance (IPJAF), 2 (1). pp. 49-60. ISSN 2600-9161 http://ipjaf.omjpalpha.com/index.php/ipjaf/article/view/41
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Abdullahi, Yahya Uthman
Ishak, Rokiah
Sawandi, Norfaiezah
Firm performance, ownership structure, and CEO selection: the case of Nigeria.
description This paper attempts to examine the effect of ownership structures, corporate performance and board political connectedness on CEO selection. The sample of the study is all Nigerian non financial firms from the year 2011 to 2015 consisting of 72 CEO selection events. This study uses logistic regression analysis to provide evidence that firms dominated with blockholder ownership favour external successors while managerial ownership-controlled firms are inclined to select internal candidates as successors. However, this study fails to support the argument that corporate performance and board political connectedness do influence the choice of CEO selection in the Nigerian public listed companies. In sum, the findings suggest that blockholders and managerial ownership significantly influence the choice of the origin of the successor CEOs in the Nigerian corporate landscape. This paper enriches the literature about CEO selection choices in developing economies with weak corporate governance structure like Nigeria. In addition, the findings from this study could be of immense benefit to the shareholders and corporate board members in making a decision on recruiting their CEOs; and the regulatory agencies in the formulation and enforcement of reforms that guarantee good corporate practices by the boards.
format Article
author Abdullahi, Yahya Uthman
Ishak, Rokiah
Sawandi, Norfaiezah
author_facet Abdullahi, Yahya Uthman
Ishak, Rokiah
Sawandi, Norfaiezah
author_sort Abdullahi, Yahya Uthman
title Firm performance, ownership structure, and CEO selection: the case of Nigeria.
title_short Firm performance, ownership structure, and CEO selection: the case of Nigeria.
title_full Firm performance, ownership structure, and CEO selection: the case of Nigeria.
title_fullStr Firm performance, ownership structure, and CEO selection: the case of Nigeria.
title_full_unstemmed Firm performance, ownership structure, and CEO selection: the case of Nigeria.
title_sort firm performance, ownership structure, and ceo selection: the case of nigeria.
publisher OMJP Alpha Publishing
publishDate 2018
url http://repo.uum.edu.my/26131/1/IPJAF%202%201%202018%2049%2060.pdf
http://repo.uum.edu.my/26131/
http://ipjaf.omjpalpha.com/index.php/ipjaf/article/view/41
_version_ 1644284515943710720
score 13.211869

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