Author(s)

Tochukwu Christian Nwokwu^1*, A. M. C. P. Atapattu², Azeez A. Athambawa³

¹Post Graduate & Mid-Career Development Unit, University of Colombo, Colombo, Sri Lanka.
²Department of Business Economics, University of Colombo, Colombo, Sri Lanka.
³Department of Finance, University of Colombo, Colombo, Sri Lanka.

From a developing economy, the impact of board members involvement on return on equity has been analyzed. The current study uses the correlation and regression models to analyze publicly available data of which the sample firms were taken from 11 sectors that are quoted in the Nigerian Stock Exchange for one financial year. Several diagnostic tests have been applied to justify the validity of the results. The empirical investigations reveal that two of the independent variables have significant impact on return on equity. This research paper in its originality is the first of its kind in a developing economy like Nigeria.

Corporate Governance, Board Shareholdings, Board Independence, Financial Performance Indicator, Board Size, Return on Equity, Board Experience

Nwokwu, T. , Atapattu, A. and Athambawa, A. (2019) The Impact of Board Members Involvement on Return on Equity (ROE). Modern Economy, 10, 1334-1347. doi: 10.4236/me.2019.104090.