Record Details

Corporate Governance Structure and Institutional Investment: Evidence from a Developing Country

Asian Journal of Economics and Empirical Research

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Field Value
 
Title Corporate Governance Structure and Institutional Investment: Evidence from a Developing Country
 
Creator NKEM, NWAIWU JOHNSON
 
Subject


 
Description In recent times, the corporate governance structure debate has tended to expand the objective of business beyond the maximization of shareholders’ wealth to include discharge of duty to the society. This study examines the influence of corporate governance structure and institutional investment of 32 listed companies on the NSE, covering the period of 2006-2010. The postulated hypotheses were tested, using multiple linear regression (MLR) analysis. The empirical results showed no significant influence between corporate governance and institutional investors. Rather, institutional investors exert a significant and, positive influence on corporate governance structure. The studies advocate that given more attention to the large institutional investment, since there is a positive relationship between corporate governance structure and the whole number of institutional investors. And a negative influence between corporate governance structure and volume of institutional investors. To have better monitoring by large institutional investors, they should set up board of investee companies in order to have wider bird’s view image the capital market authority and NSE should set regulations that prevent a percentage holding of share in the companies to protect the control by few institutional investors.
 
Publisher Asian Online Journal Publishing Group
 
Contributor
 
Date 2014-11-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.asianonlinejournals.com/index.php/AJEER/article/view/182
 
Source Asian Journal of Economics and Empirical Research; Vol 1, No 2 (2014); 48-56
2409-2622
2518-010X
 
Language eng
 
Relation http://www.asianonlinejournals.com/index.php/AJEER/article/view/182/117
 
Coverage 0
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