Effect Of Ownership Structure On Profitability Performance Of Listed Food And Beverage Firms In Nigeria: A Panel Data Approach
Effect Of Ownership Structure On Profitability Performance Of Listed Food And Beverage Firms In Nigeria: A Panel Data Approach

Summary/Abstract: The study aims to examine the nexus between equity ownership structure –cum managerial, institutional and blockholder and profitability performance, of food and beverage firms in Nigeria. The methodology was based on an ex-post factor research design using secondary panel data approach with different regression estimators. A sample size of fifteen from the thirty-nine firms was selected purposively based on companies that have complete information during the period 2007–2016. The data obtained were on ownership structure proxy by managerial ownership (MANOWN), institutional ownership (INSTOWN) and block holder ownership (BLOCOWN). Data was also obtained on firm performance constructed by return on assets (ROAs) and return on equity (ROEs), firm size measured by total assets (TAs) and leverage measured by total debts (TDs). This study employed multiple regression analysis of the Panel Least Square Method using E-Views 7.1.

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