The study aimed at investigating the effect of managerial ownership on financial performance of listed manufacturing firms in Nigeria. The non-survey method of research was adopted where data were generated from annual reports and accounts of listed manufacturing firms in Nigeria. The study cover the forty (40) manufacturing firms quoted on the floor of Nigeria Stock Exchange (NSE) as 31st December, 2016 out of which ten (10) were selected as sampled size. The technique of analysis adopted for this study was correlation and OLS regression techniques. The study found that managerial ownership has negative and significant impact on financial performance of listed manufacturing firms in Nigeria. The study concludes that managerial ownership impact negatively on the financial performance of manufacturing firms listed in Nigeria as managers of firms sometimes manipulate the accounting numbers in the financial statement in order to have a private gain. The study then recommends that the board of directors in the Nigerian manufacturing firms should ensure that shareholding of the insider managers is not too high and the proportion of their shareholding should be minimize in other to better the performance of manufacturing firms listed in Nigeria.
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In-Text Citation: (Saidu & Gidado, 2018)
To Cite this Article: Saidu, S. A., & Gidado, S. (2018). Managerial Ownership And Financial Performance Of Listed Manufacturing Firms In Nigeria. International Journal Of Academic Research In Business And Social Sciences, 8(9), 1227–1243.
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