TY - JOUR AU - Suleiman , Mamman AU - Muhammad Nasir, Aliyu PY - 2021/01/31 Y2 - 2024/03/29 TI - DOES BOARD MAGNITUDE AND EXPERTISE AFFECT SHAREHOLDER VALUE: EVIDENCE FROM QUOTED NON-FINANCIAL COMPANIES IN NIGERIA JF - Journal of Governance and Development (JGD) JA - jgd VL - 17 IS - 1 SE - Articles DO - UR - https://e-journal.uum.edu.my/index.php/jgd/article/view/17361 SP - AB - <p>This study examines the effect of board magnitude and board expertise of listed non-financial firms in Nigeria. The study population comprised all the 116 quoted non-financial companies in Nigeria. Eighty-nine (89) firms were selected, making&nbsp; 890 firm-year observations using the Taro Yamane sample selection method. Also, stratified and proportionate sampling techniques were employed.&nbsp; &nbsp;Generalized Least Square regressions were employed as a procedure for analyzing the data. The study established that board magnitude and board experts significantly affect the shareholder value of listed non-financial firms in Nigeria. The study concludes that characteristics of corporate governance that influence shareholder value are board magnitude and board expertise. Based on the findings and conclusion,&nbsp; the study suggested that the number of directors on the board should be increased to strengthen the monitoring mechanism of non-financial firms in Nigeria. Also, the management should increase the number of directors with accounting literacy on their board if they also seek to maximize shareholder value.</p> ER -