IMPACT OF OWNERSHIP STRUCTURE CONCENTRATION ON QUOTED CONSUMER GOODS ENTITIES PERFORMANCE IN NIGERIA
Keywords:
Performance, Ownership concentration, EntityAbstract
We empirically investigated the impact of ownership structure concentration on entity
performance, this was carried out with the help of secondary data employed from
consumer goods sectors company’s financial statements of eight entities, with data
covering from 2012 to 2020, the regression output revealed that ownership
concentration has no statistical significant on entity performance, however the control
variable employed in the study has a statistical significant on the entity. Based on the
output from our investigations, we therefore recommended that: Entities should focus
more in getting competent hands (managers) that can maximize shareholders wealth;
Entities should focus more in diversify its power, this will enable the managers of
economic resources, to be free in taking salient economic decision without fear of a
particular stakeholder; Wealth maximization is what potential investors look at for, hence
managers should never lose focus of wealth maximization.