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Board Size and Organizational Sustainability of Printing Press Firm in Warri, Delta State

Solanky George Ayanate PhD Apugu Samuel Claudius PhD

Abstract

This study examined the relationship between board size and sustainability of printing press firms in Warri Delta State. The study adopted the cross-sectional research survey design. Primary data was generated through structured questionnaire. The total population of the study is one hundred and twenty-five (125) staff of the13 printing press companies in Warri. The sample size of 95 was determined using the Taro Yamen’s 1970 formula. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient. Findings revealed that there is a significant negative relationship between stress intervention and employee job burnout in printing press firms in Warri Delta state. The study found a correlation coefficient of 71.3 percent and probability value of 0.000 between board size and economic sustainability, 53.2 and profitability of 0.000 between board size and sustainability. The study concludes that board size has positive and significant relationship with organizational sustainability of the selected printing press firms in Warri. The study recommends that the proportion of executive to non-executive directors should be in line with corporate governance codes and board composition components of printing press firms which include gender diversity, board size, board independence, and board-director duality need to be strengthened to positively affect finance management practices.

Keywords

Board SizeOrganizational SustainabilityEconomic SustainabilityEnvironmental Sustainability

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