{"id":13721,"date":"2025-08-14T05:30:07","date_gmt":"2025-08-14T05:30:07","guid":{"rendered":"https:\/\/seybold-report.com\/?page_id=13721"},"modified":"2025-08-14T05:34:17","modified_gmt":"2025-08-14T05:34:17","slug":"ajayi-owoeye-ayooluwa-olotu814-2","status":"publish","type":"page","link":"https:\/\/seybold-report.com\/index.php\/ajayi-owoeye-ayooluwa-olotu814-2\/","title":{"rendered":"AJAYI-OWOEYE, Ayooluwa Olotu814"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13721\" class=\"elementor elementor-13721\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2be2191 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2be2191\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20dcb8e\" data-id=\"20dcb8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b7e7f21 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b7e7f21\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3d64f4\" data-id=\"c3d64f4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f9a1ff elementor-widget elementor-widget-text-editor\" data-id=\"8f9a1ff\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 20-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h5><strong>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/h5><p><a href=\"https:\/\/seybold-report.com\/\"><strong>GOVERNANCE AND MANAGERIAL EFFECIENCY OF LISTED INDUSTRIAL GOODS MANUFACTURING COMPANIES IN NIGERIA<\/strong><\/a><\/p><p><strong>\u00a0<\/strong><strong>\u00a0<\/strong><strong>\u00a0<\/strong><strong>AUTHORS:\u00a0 \u00a0<\/strong><\/p><p><strong>AJAYI-OWOEYE, Ayooluwa Olotu, FOLORUNSHO, Victor Kehinde, AKINWUNMI, Abiodun Abdul-Jelil<\/strong><\/p><p><a href=\"https:\/\/zenodo.org\/records\/16869422\">DOI: 10.5281\/zenodo. 16869422<\/a><\/p><p><strong>Page:\u00a0 \u00a047-66<\/strong>\u00a0 \u00a0 \u00a0 \u00a0\u00a0<strong>\u00a0Vol:<\/strong> 20\u00a0 \u00a0 <strong>Issue:<\/strong> 08\u00a0 \u00a0<strong>Year:<\/strong> 2025<\/p><p><img decoding=\"async\" class=\"alignnone wp-image-3235\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png\" alt=\"creative commons, cc, character-785334.jpg\" width=\"26\" height=\"26\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-300x300.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-1022x1024.png 1022w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-150x150.png 150w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334-768x769.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/10\/creative-commons-cc-character-785334.png 1278w\" sizes=\"(max-width: 26px) 100vw, 26px\" \/>\u00a0 \u00a0<img decoding=\"async\" class=\"alignnone size-medium wp-image-1242\" src=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png\" alt=\"\" width=\"300\" height=\"14\" srcset=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-300x14.png 300w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616-768x36.png 768w, https:\/\/seybold-report.com\/wp-content\/uploads\/2023\/06\/kjk-e1687889230616.png 900w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p><p><strong>ABSTRACT<\/strong><\/p><p>This study investigates the effect of corporate governance structure on managerial efficiency, with a specific focus on industrial goods manufacturing firms listed in Nigeria. Organizational efficiency, conceptualized as the ability to maximize revenue from existing asset bases, was measured using the asset turnover ratio (ATR). Using an ex-post facto research design, data were collected from the audited annual reports of ten selected industrial firms over a 17-year period (2006\u20132022). Employing a random-effects Generalized Least Squares (GLS) regression model with Driscoll-Kraay standard errors, the analysis revealed that governance attributes jointly have a significant effect on asset turnover ratio.<\/p><p>The findings suggest that a well-structured board, particularly with balanced gender representation and a streamlined audit committee, can enhance organizational efficiency.. These results have critical implications for regulators, investors, and company management, highlighting the need for inclusive yet strategically aligned governance structures that optimize managerial effectiveness in Nigeria\u2019s industrial goods sector.<\/p><p><strong>JEL Classifications:<\/strong> G34, H29<\/p><p><strong>\u00a0<\/strong><strong>Keywords:<\/strong><\/p><p>Audit committee size, Board diversity, Board independence, Governance structure, organizational efficiency<\/p><p><a href=\"#\"><strong>Received<\/strong>:<\/a> 09 July 2025<\/p><p><a href=\"#\"><strong>Accepted:<\/strong><\/a> 11 August 2025<\/p><p><a href=\"#\"> <strong>Published:<\/strong><\/a> 14 August 2025<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ec340e elementor-widget elementor-widget-button\" data-id=\"3ec340e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/seybold-report.com\/wp-content\/uploads\/2025\/08\/AJAYI-OWOEYE-Ayooluwa-Olotu814.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon elementor-align-icon-left\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"elementor-button-text\">PDF<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TITLE:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 GOVERNANCE AND MANAGERIAL EFFECIENCY OF LISTED INDUSTRIAL GOODS MANUFACTURING COMPANIES IN NIGERIA \u00a0\u00a0\u00a0AUTHORS:\u00a0 \u00a0 AJAYI-OWOEYE, Ayooluwa Olotu, FOLORUNSHO, Victor Kehinde, AKINWUNMI, Abiodun Abdul-Jelil DOI: 10.5281\/zenodo. 16869422 Page:\u00a0 \u00a047-66\u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0Vol: 20\u00a0 \u00a0 Issue: 08\u00a0 \u00a0Year: 2025 \u00a0 \u00a0 ABSTRACT This study investigates the effect of corporate &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/seybold-report.com\/index.php\/ajayi-owoeye-ayooluwa-olotu814-2\/\"> <span class=\"screen-reader-text\">AJAYI-OWOEYE, Ayooluwa Olotu814<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"class_list":["post-13721","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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