Gobierno corporativo y persistencia de los beneficios de las empresas cotizadas en Nigeria.
CORPORATE GOVERNANCE AND EARNINGS PERSISTENCE OF LISTED NIGERIAN FIRMS
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La información sobre los resultados de las empresas es muy importante para los inversores a la hora de tomar decisiones de inversión. Sin embargo, los inversores de las empresas de las economías en desarrollo, especialmente en Nigeria, se enfrentan al problema del acceso a información relevante y fiable. En vista de ello, este estudio examina el efecto del gobierno corporativo en la persistencia de los beneficios de las empresas nigerianas que cotizan en bolsa. En esta investigación se empleó el diseño de investigación explicativo. Se generó un marco de muestreo para las empresas que cotizaban en bolsa en 2002 y seguían cotizando hasta 2021; se utilizaron las 51 empresas en su totalidad, mediante la técnica de muestreo censal. Para este estudio se emplearon datos secundarios, extraídos de los informes anuales auditados de las empresas. Los datos obtenidos se analizaron mediante un modelo de regresión dinámica de panel. Las conclusiones de este estudio muestran que (i) Los beneficios del año anterior influyen significativamente en los del año en curso. (ii) El gobierno corporativo tiene una influencia negativa significativa en los beneficios de las empresas nigerianas que cotizan en bolsa. (iii) Los beneficios del año en curso están significativamente influidos por la interacción entre el gobierno corporativo y los beneficios del año anterior. El estudio recomienda que las empresas nigerianas que cotizan en bolsa se centren en mejorar sus estructuras de gobierno mediante el nombramiento de consejeros independientes, el establecimiento de sistemas eficaces de control interno y la garantía de que la remuneración de los ejecutivos esté en consonancia con los resultados a largo plazo.
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