Corporate Governance and Firm Value

Using Generalized Method of Moments, this paper examines the role of corporate governance in the maximization of firm value across 134 listed firms in the Nigerian Exchange Main Board for ten years period (2013-2022). The data used in this study is panel data hand-picked from the annual reports and accounts of the sampled firms. Data processing is done with STATA 15.1. The results show that risk committee size, leverage, asset tangibility, profitability and firm size are have significant effects on firm value, while concentrated ownership, board size, audit committee size, remuneration committee size, audit quality and dividend yield have no significant effects on firm value. These findings are useful to regulators, shareholders, creditors, market participants, and managers. The study is limited by the number of samples, specifically 134 firms. It is expected that further research can cover all the 156 listed firms on the Nigerian Exchange. Further research is expected to add other corporate governance characteristics that have proved to be influential