IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 9 NO. 7 2023
DOI: https://doi.org/10.56201/ijebm.v9.no7.2023.pg28.38

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Empirical Relationship between Board Size, Board Tenure on Corporate Risk Management: Evidence from Nigerian Quoted Companies

Kingsley Chidinma Kanene

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Abstract

The fundamental goal of this article is to look into the link between board size, board tenure, and corporate risk management. amid the background of the modern portfolio theory. The study population consists of 328 companies listed on the Nigerian Stock Exchange as at December 2020. A sample of 30 firms was scientifically selected for the study. The analysis was carried out using dataset from 2014 to 2020, comprising of 210 observations. The panel data regression analysis is the technique for data analysis. The technique was chosen because of its ability to enhance data points while still controlling for individual variation. The research uncovers a positive and insignificant relationship between board size and corporate risk management. While board tenure had a positive and significant relationship on corporate risk management. Firm size, as a control

keywords:

Corporate Risk Management; Board Size; Board Tenure; Enterprise Risk Management; Modern Portfolio Theory

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