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Analysis of ownership structure in Nigeria quoted companies and its correlation with corporate performance

African Journal of Economic Policy

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Field Value
 
Title Analysis of ownership structure in Nigeria quoted companies and its correlation with corporate performance
 
Creator Adenikinju, Olayinka
Ayonrinde, Folasade
Adenikinju, Adeola
 
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Description This study investigates the ownership structure of the corporate sector of the Nigerian economy and its correlation with corporate performance over the period 1995 to 1998. Panel data analysis was conducted for the 73 companies that met the necessary criteria. The companies were taken from companies quoted on the Nigerian Stock Exchange (NSE). The study yields a number of insights into the ownership structure of the Nigerian corporate sector. First, the vast majority of Nigerians individual investors are small shareholders and few are in the list of the ten top largest shareholders. Second on the average, ownership structure is highly concentrated in Nigeria. Third, there is mixed and weak correlation between ownership structure and corporate performance in Nigeria. African Journal of Economic Policy Vol. 10(2) 2003: 57-80
 
Publisher Department of Economics, University of Ibadan
 
Contributor —
 
Date 2006-08-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajep/article/view/24264
10.4314/ajep.v10i2.24264
 
Source African Journal of Economic Policy; Vol 10, No 2 (2003); 57-80
1116-4875
 
Language eng
 
Relation https://www.ajol.info/index.php/ajep/article/view/24264/20284
 
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