Title: CORPORATE GOVERNANCE, FINTECH AND FINANCIAL PERFORMANCE OF MANUFACTURING FIRM IN NIGERIA
Author:
Kingsley Ashibougwu Phd
Abstract:
The research examined how corporate governance and financial technology might enhance the financial performance of publicly listed industrial companies in Nigeria.The selected indicators for the independent variables, particularly corporate governance; include board size, board independence, and board gender diversity, while those for fintech comprise POS transactions, ATM transactions, and mobile transactions. In contrast, the dependent variable is return on assets, used as an indicator of financial performance, and the autoregressive distributed lag model was applied to analyse the simultaneous dynamics in both the short and long term. The research established a sustained correlation between the explanatory and dependent variables. The study explicitly demonstrated that, over the long run, board independence, point of sale (POS) systems, and automated teller machine (ATM) transactions had a positive and significant impact on the performance of manufacturing enterprises, but board gender diversity and mobile transactions had negative and insignificant effects. The study revealed that, in the short term, board size, board independence, POS, and ATM transactions significantly enhanced the financial performance of manufacturing enterprises, while the effect of mobile transactions was negative but statistically significant. The paper recommended the immediate and efficient use of various corporate governance indicators, such as board size, board independence, and board gender diversity, in conjunction with fintech attributes, to ensure substantial profitability for publicly listed manufacturing companies in Nigeria.
Keywords: Corporate Governance, financial Performance, fintech firms, Nigeria.
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