IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 11 NO. 1 2025
DOI: 10.56201/jbae.v11.no1.2025.pg16.28

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Effect of Corporate Governance and Sustainable Socio-Economic Business Practices on Micro Small and Medium Enterprises (MSMEs) in Nigeria

Chukwu Peter Damian Ezechi, Ph.D, U. C. Anochie, Ibeabuchi Ani Ogechi

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Abstract

The impact of corporate governance on the adoption of sustainable business practices in Nigeria is the main focus of this study. It is impossible to overstate the importance of corporate governance in the implementation of sustainable business practices, especially in a developing country like Nigeria. Cross-sectional survey methodology was used in this study with the deductive approach to descriptive research to model the effect of corporate governance on sustainable business practices in Nigeria. This study examined how corporate governance influenced key indicators of sustainable business practices, including regulatory environment, good corporate citizenship, codes of business ethics, treatment of stakeholders and accountability of managers. The results of this study indicate that, for the purposes of this study, corporate governance had a favorable effect on sustainable business practices in Nigeria. The researchers recommend that organizational management should pay particular attention to the full implementation of corporate governance practices as this has a positive effect on sustainable business practices in Nigeria.

keywords:

Corporate Governance, Environmental and Regulatory Framework, Good Corporate

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