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OWNERSHIP STRUCTURE ANDFINANCIAL PERFORMANCEOFNIGERIAN FOOD AND BEVERAGE INDUSTRY

Dept: BUSINESS ADMINISTRATION File: Word(doc) Chapters: 1-5 Views: 5

Abstract

Ownership structure is one of corporate governance mechanism that influences firms’ performance. Owners ofthe firm had invested purposely for returns, but management as agents pursue interest contrary to that ofowners. Therefore owners’ wants control due to firms’ sub optimal performance. This work examined the relationship between ownership structure (managerial, institutional, family, foreign and government) and financial performance (Return on Assets and Return on Equity) in Food and Beverage industry in Nigeria. The study adopted ex post-facto research design using sixteen (16) listed food and beverage firms in Nigeria.Using secondary data from audited financial reports of the firms between 2010 and 2015, the study used Pearson Moment Correlation co-efficient and regression analysis to analyse the data collected. Statistical Package for Social Sciences (SPSS) version 20.0 was used as analytical tool. Findings revealed that managerial ownership has insignificant impact on p
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