EFFECT OF BOARD CHARACTERISTICS ON RELATED PARTY TRANSACTION OF NIGERIAN CONGLOMERATE FIRMS

Abstract

This study examines the effect of board characteristics on related party transaction of Nigerian conglomerate firms. Ex Post Facto research design was adopted for the study, the population of the study consist of six Conglomerates firms in Nigeria. Data for the study were extracted from audited report and accounts of the sampled firms. The formulated hypotheses were tested with Ordinary Least Square (OLS) using E-View 9.0 to arrive at logical conclusion. The study found that board composition has a negative insignificant effect on related party transaction of manufacturing firms in Nigeria. The study recommended that manufacturing firms adjudged to play a significant role in publicly listed entities as well encouraged board independent as they are likely to carry out a more thorough diligent assignment.