Impact of Corporate Governance Practices on Earnings Per Share of Industrial Goods Companies Listed in the Nigeria Stock Exchange

The study was carried out to investigate the impact of corporate governance practices on earnings per share of industrial goods companies listed on the Nigerian Stock Exchange. Specifically, the study examines the relationship between the corporate governance variables—board size, board independence, board diligence, and the earnings per share of industrial goods companies listed on the Nigerian Stock Exchange. The study was anchored on the agency theory and collected secondary data from the audited financial statements and annual reports of randomly selected listed industrial goods companies. Regression analysis was used to analyze the collected data via the Statistical Package for Social Sciences (SPSS) version 23 to verify the relationships between the corporate governance variables and earnings per share. Findings of the study showed a positive and significant relationship between board size, board independence, board diligence, and earnings per share. The study therefore concludes that corporate governance practice has an impact on the earnings per share of industrial goods companies listed in Nigeria and recommends, among others, that firm should encourage a reasonable board size, a larger percentage of independent directors on the board of the firm, and finally, enforce attendance to board meetings by board members.