Abstract
This research work is a study of the relationship between the ownership structure of quoted cement manufacturing companies in Nigeria and their financial performance. Studies on ownership structure and firm’s financial performance have been conducted in different parts of the globe with different findings, some of which are inconclusive. The researcher adopted both theoretical and empirical research Design for this study to evaluate studies and findings related to the subject. In Nigeria, studies conducted in this area are mostly focused on the financial sector which is a gap that needs to be filled. This study fills the gap by examining the impact of ownership structure on financial performance of quoted cement firms in Nigeria. The study explores the institutional ownership and managerial ownership which showed a positive significant impact on the financial performance of quoted cement firms in Nigeria based on empirical findings, while ownership concentration showed no significant impact on the financial performance of cement firms in Nigeria. The study concludes that ownership structure affects financial performance of quoted cement firms in Nigeria and therefore recommends that Security and Exchange Commission should encourage more potential managers and Institutional shareholders to invest long term in the cement industry as both managers and Institutional shareholders enhances financial performance of the firms.
Key words: Managerial ownership, Institutional ownership, ownership concentration, Security and Exchange Commission (SEC), Nigerian Stock Exchange (NSE) Agency Theory, Stakeholder Theory, Gross Domestic Product (GDP).
1. INTRODUCTION 1
1.1 Determinants of Ownership Structure 1
1.2 Objective of the study 4
1.3 Scope of the Study 4
2. LITERATURE REVIEW
2.1 Overview of the Cement Industry 4
2.2 Concept of Ownership Structure 5
2.3 Characteristics of the Nigerian Cement Industry 8
2.4 Types of Ownership Structures Relevant to the Study 9
2.4.1 Managerial Ownership and Firm Performance 9
2.4.2 Institutional Ownership and Firm Financial performance 11
2.4.3 Ownership concentration and Firm Financial performance 12
2.5 Theoretical Review of Related Literature 13
3.1 Limitations of the Study 14
3.2 Conclusion 14
Recommendations 15
References 16-17
Figure 2.1 6
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2017, 08). Relationship Between Ownership Structure And Performance Of Quoted Cement Firms In Nigeria.. ProjectStoc.com. Retrieved 08, 2017, from https://projectstoc.com/read/8651/relationship-between-ownership-structure-and-performance-of-quoted-cement-firms-in-nigeria-6099
"Relationship Between Ownership Structure And Performance Of Quoted Cement Firms In Nigeria." ProjectStoc.com. 08 2017. 2017. 08 2017 <https://projectstoc.com/read/8651/relationship-between-ownership-structure-and-performance-of-quoted-cement-firms-in-nigeria-6099>.
"Relationship Between Ownership Structure And Performance Of Quoted Cement Firms In Nigeria.." ProjectStoc.com. ProjectStoc.com, 08 2017. Web. 08 2017. <https://projectstoc.com/read/8651/relationship-between-ownership-structure-and-performance-of-quoted-cement-firms-in-nigeria-6099>.
"Relationship Between Ownership Structure And Performance Of Quoted Cement Firms In Nigeria.." ProjectStoc.com. 08, 2017. Accessed 08, 2017. https://projectstoc.com/read/8651/relationship-between-ownership-structure-and-performance-of-quoted-cement-firms-in-nigeria-6099.
- Related Works
- Impact Of Motivational Instruments On The Productivity Of Workers ( A Case Study Of Nigerian Breweries Plc, Ama Location Enugu State)
- The Role Of Personnel Management In Enhancing Industrial Harmony. (a Case Study Of Cotton Mills Onitsha)
- The Role Of Small Scale Industries In Rural Development (a Case Study Of Anambra East Local Government)
- The Impact Of New Product Development On Sales Volume
- Survival Strategy Adoption By Small Scale Retail Outlet In Nigeria. (a Case Study Of Roban Supermarket G.r.a. Enugu)
- The Impact Of Incentive / Welfare Schemes On The Performance Of Workers (a Case Study Of Nepa Enugu)
- The Organization And Management Problem Of Rural Water Supply
- The Role Of Nigerian Stock Exchange In Industrial Development
- Analysis Of The Impact Of Social Welfare Schemes As Provided By Co-operative Societies. A Case Study Of Co-operative Society, Warri, Delta State
- The Role Of Bank Of Industry Towards The Development Of Small Scale Enterprises