Effects of Capital Structure and Board Structure on Corporate Performance of Selected Firms in Nigeria

  • Henry Waleru Akani Department of Banking and Finance, Rivers State University, Nkpolu-Port Harcourt, Rivers State, Nigeria
  • Kenn - Ndubuisi Juliet Ifechi Department of Banking and Finance, Rivers State University, Nkpolu-Port Harcourt, Rivers State, Nigeria
Keywords: Capital Structure, Board Size, Board Duality.


This paper seeks to examine the effect of capital structure and board structure on firm performance in Nigeria using secondary data consisting of forty listed companies on the Nigerian Stock Exchange (NSE) within the period of 2008 to 2016. Data were merged and pooled for analysis, the unit root test; co -integration, granger causality test, and regression were done accordingly. The paper established that there exists a significant negative relationship between capital structures (DER), a significant relationship between board size and a negative but not significant relationship between board duality and performance (ROA & ROE) in Nigeria respectively.


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How to Cite
Akani, H. W., & Ifechi, K.- N. J. (2017). Effects of Capital Structure and Board Structure on Corporate Performance of Selected Firms in Nigeria. Indian Journal of Finance and Banking, 1(2), 1-16. https://doi.org/10.46281/ijfb.v1i2.85
Regular Research Article/ Short Communication Article