Author: Okoye Emeka
Department: Accountancy
Affiliation: Nnamdi Azikiwe University Awka

The study examined the influence of board size, audit quality, audit strength and company age on financial performance of selected firms listed on the Nigerian Stock Exchange. Descriptive research design was adopted for the study. The populations of the study were made up of companies quoted on the Nigerian Stock Exchange in both product (conglomerates & manufacturing firms) and service sectors (banks & insurance companies). Data were extracted from the published financial statements of the selected companies. Multiple linear regression technique was used in analyzing and testing the formulated hypotheses. Findings show that all four variables board size; audit quality; audit strength and company age had significant influence on performance measured by Return on Assets. However, a lower statistical significance was achieved for Return on Equity. Based on this, the researcher recommends the increase in board size as well as inclusion of more independent non-executive directors. And the establishments of specific codes of corporate governance to guide corporate activities of various industries, as companies differ in business risk class and are guided by different regulatory postures. The study implications are for varying groups ranging from policy makers in understanding legal and regulatory issues in corporate governance; to managers of corporations and investors, in understanding how corporate governance affects performance of corporations.

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