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March 3, 2026
Board Independence and Profitability of Listed Service Firms in Nigeria
OO
Obumneme Obiora Okafor
NA
Nestor Amahalu
PO
Patricia Chinyere Oranefo
Key Points
Board independence significantly influences profitability of listed service firms in Nigeria.
Firms with higher board independence report greater profitability and financial health overall.
Assessment using corporate governance metrics and financial performance indicators identified key trends.
Improved governance practices could enhance firm profitability, although specific case studies are warranted.
Abstract
International audience
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Okafor et al. (Sat,) studied this question.
synapsesocial.com/papers/69a76232c6e9836116a3073d
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Board Independence and Profitability of Listed Service Firms in Nigeria | Synapse