BOARD SIZE AND FINANCIAL PERFORMANCE OF FOOD AND BEVERAGE MANUFACTURING FIRMS IN NIGERIA

Abstract

This study investigated board size and financial performance of food and beverage manufacturing firms in Nigeria between 2016 and 2020. The aim of the study was to determine the relationship between board size and financial performance of food and beverage manufacturing firms in Nigeria. Four objectives, four research questions and four hypotheses guided the study. Descriptive survey research design was used for the study. The population of this study was 27 food and beverage manufacturing companies in Nigeria. The sample size is 10 (ten) food and beverage manufacturing companies in Nigeria, obtained by convenience sampling technique. Secondary data were collected from annual report of companies’ website. Regression was used for the analysis of data and E-view was used for computation. Based on the findings, the study concluded that; board Size has no significant relationship with Earnings per share. It was found that there is no significant relationship between board Size and Return on Assets. Based on conclusions, the researcher recommended that Board Size should be structured in line with professional requirements of the industry and other others.