Browsing by Author "Sakirat Adetutu OLUKOYA"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Corporate Governance, Sustainability Initiatives and Performance of Personal Care Products Manufacturing Companies in South-West Nigeria
    (Lead City University, Ibadan, 2025-12) Sakirat Adetutu OLUKOYA
    This study investigated the relationship between corporate governance, driven sustainability initiatives and firm performance in personal care products manufacturing companies in South west Nigeria. It explored the effect of board size on return on equity, board independence on profitability and ascertained the effect of dual leadership on the return on assets of the personal care products manufacturing firms. It also investigated the effect of ownership structure on shareholders satisfaction and examined the moderating influence of sustainability initiatives on the relationship between corporate governance and firm performance in the selected companies. The study adopted a descriptive research design, with a sample of 475 participants selected through stratified random sampling technique. Structured questionnaire was the main research instrument employed for data collection. Data analysis involved both the use of descriptive and inferential statistics. Hypotheses were tested through Pearson product moment correlation and results indicated that board size has significant effect on return on equity r = 0.896, p = 0.001 < 0.05, board size has a significant determinate effect on profitability (r = .952, p .001 < 0.05) and dual leadership has a determinate effect with dual leadership (r = 0.810, p = 000 < 0.05). Furthermore, statistical test revealed that ownership structure has a positive effect on stakeholder satisfaction (r – 0.767, p .000 < 0.05). Results on the effect of sustainability initiatives on the relationship between corporate governance and firm performance was significant (f = 6707.83 p < 0.05). Moreover, sustainability initiative had a stronger impact on firm performance (𝛽 = 0.693 t = 35.145, p < .005 compared to corporate governance 𝛽 = 0.311, t = 15.776, p < 0.05). The study concludes that embedding sustainability initiative into corporate governance can be a strategic driver and catalyst of competitive advantage and performance optimization for personal care products manufacturing industry in Nigeria. The study recommended that personal care product companies should embed sustainability into their core strategies. This includes investing in environmental efficiency, ethical supply chains, and community engagement to enable them develop superior performance and long-term value creation in the manufacturing industry. Key Words: Corporate governance, Manufacturing industry, Performance, Personal care products and Sustainability initiatives Word Counts: 344