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首页> 外文期刊>Research Journal of Finance and Accounting >Duality Role of Chief Executive Officer (CEO) in Corporate Governance and Performance of Quoted Companies in the Nigerian Stock Exchange: An Appraisal of the Perception of Managers and Accountants.
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Duality Role of Chief Executive Officer (CEO) in Corporate Governance and Performance of Quoted Companies in the Nigerian Stock Exchange: An Appraisal of the Perception of Managers and Accountants.

机译：首席执行官（CEO）在尼日利亚股票交易所的公司治理和上市公司绩效中的双重角色：对经理和会计师的看法的评估。

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摘要

The Chief Executive Officer (CEO) of a corporate entity is its Chief Accounting Officer. He is at the head of management which according to Miller (2005) is more of hands on activity; conducting and supervising actions with the judicious use of means to accomplish certain goal/s. The Chairman of the Board of Directors on the other hand is the chief policy or law maker of the enterprise. CEO Duality occurs when the CEO is equally the Chairman of the company or Board of Directors. Since the position of a CEO is a critical element of corporate governance of a company, a combination of the roles of CEO and chairman of the company could have far reaching implications on stewardship accounting and corporate governance and by extension corporate performance. Poor corporate governance has been implicated in most corporate failures in and outside Nigeria. Hence this paper appraises the practice of CEO Duality in Nigeria and examines its implications on effective corporate governance and performance of Non-Financial companies in the Nigerian Stock Market. It uses panel data on the performances (ROE) of companies with CEO-Duality and those without CEO-Duality to determine the effect of this duality on company performance. A sample size of 30 companies selected through the Taro Yameni formula was used while their performances (ROE) for the years 2006 to 2010 were equally used without further sampling. A test of significant difference was performed using the E-view statistics. It was discovered that there is a significant difference between the performances of companies with CEO duality and those without CEO duality. Again the average performance of the former was statistically and significantly lower than the average performance of the later. It was therefore recommended that as a veritable means of strengthening corporate governance and enhancing performance, CEO duality should be minimized/reduced as much as possible. Chairmen of companies should not double as Chief Executive Officers. Key words: Chief Executive Officer, Chairman of the Board, Stewardship Accounting, Corporate performance.
机译：公司实体的首席执行官（CEO）是其首席会计官。他是管理层的负责人，根据米勒（Miller）（2005）的说法，他更多地参与活动。明智地使用手段进行和监督行动，以实现某些目标。另一方面，董事会主席是企业的主要政策或立法者。首席执行官双重性是在首席执行官同等地担任公司或董事会主席时发生的。由于首席执行官的职位是公司公司治理的关键要素，因此，首席执行官和董事长的角色组合可能会对管理会计和公司治理以及扩展公司绩效产生深远影响。尼日利亚境内外的大多数公司倒闭都与公司治理不善有关。因此，本文评估了尼日利亚公司首席执行官双重身份的做法，并考察了其对尼日利亚股票市场中非金融公司有效公司治理和绩效的影响。它使用具有首席执行官职务的公司和没有首席执行官职务的公司的绩效（ROE）面板数据来确定这种双重性对公司绩效的影响。通过Taro Yameni公式选择了30家公司的样本量，而没有进一步采样的情况下，平均使用了2006年至2010年的绩效（ROE）。使用E-view统计数据进行了显着性差异测试。人们发现，具有首席执行官双重性的公司的绩效与没有首席执行官双重性的公司的绩效之间存在显着差异。同样，前者的平均性能在统计上显着低于后者的平均性能。因此，建议作为一种切实可行的手段来加强公司治理和绩效，应尽量减少/减少首席执行官的双重性。公司主席不应兼任首席执行官。关键词：首席执行官，董事会主席，管理会计，企业绩效。

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