Mikailalsys Journal of Mathematics and Statistics
Vol 2 No 3 (2024): Mikailalsys Journal of Mathematics and Statistics

Statistical Estimation and Inference of Board Composition on Financial Performance of Oil and Gas Companies in Nigeria

Idi, Danjuma (Unknown)
Stephen, Mathew (Unknown)



Article Info

Publish Date
31 Jul 2024

Abstract

This study examines the relationship between board characteristics and financial performance of listed oil and gas firms in Nigeria, highlighting the gap in existing literature on the topic. The purpose of this study is to investigate the impact of board independence, board size, and gender diversity on financial performance. A sample of three listed oil and gas firms on the Nigerian Exchange Group (NGX) was selected, and secondary data from annual financial statements for 2010-2021 were analyzed using panel regression and correlation analysis. The findings reveal that female board members have a positive and significant impact on financial performance, while board independence and board size have a positive but insignificant impact. The study concludes that gender diversity on boards is a key factor in driving financial success, and recommends increasing the number of female board members to improve financial performance. The results contribute to the understanding of the relationship between board characteristics and financial performance in the Nigerian oil and gas industry.

Copyrights © 2024






Journal Info

Abbrev

MJMS

Publisher

Subject

Engineering Mathematics Mechanical Engineering

Description

The journal contains scientific articles covering topics such as mathematical theory, statistical methods, the application of mathematics in various disciplines, and statistical data analysis. The primary objective of this journal is to promote a better understanding of mathematical and statistical ...