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

Kingsley Chidinma Kanene

doi:https://doi.org/10.56201/ijebm.v9.no7.2023.pg28.38

📄 Download Paper

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

Kingsley Chidinma Kanene

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

References

Anderson, R.C., Mansi, S.A., & Reeb, D.M. (2004). Board characteristics, accounting report integrity, and the cost of debt. Journal of accounting and economics, 37(3), pp. 315-342. Akinyomi, O.J., & Olagunju, A. (2013). Determinants of capital structure in Nigeria. International Journal of Innovation ans Applied Studies. Beiner, S., Drobetz, W., Schmid, F., & Zimmermann, H. (2004). Is board size an independent corporate governance mechanism? Kyklos, 57(3), pp. 327-356 Belkhir, M. (2009). Board of directors' size and performance in the banking industry. International Journal of Managerial Finance, 5(2), pp. 201-221. DOI: 10.1108/17439130910947903 Berger, P.G., Ofek, E., & Yermack, D.L. (1997). Managerial entrenchment and capital structure decisions. The journal of finance, 52(4), pp. 1411-1438. Bhagat, S. & Black, B. 2002. The non-correlation between board independence and long-term firm performance. Journal of Corporation Law, 27(2), pp. 231- 273.

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

Abstract

Keywords

References

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT