IMPACT OF OWNERSHIP STRUCTURE CONCENTRATION ON QUOTED CONSUMER GOODS ENTITIES PERFORMANCE IN NIGERIA

Abstract

We empirically investigated theimpact 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.