Dynamic relationship between corporate governance practices and managerial efficiency: special reference to Nigeria Port Authority

Abstract

There are continuous growing in the awareness and interest of the corporate governance practices in modern-day corporations in which most of this public corporation because of the unexpected liquidations of the corporation’s examples like the Enron Corporation, WorldCom, Parmalat, Barings Bank and other global brands. The fall of all these corporations among others in the world has been cause by an unethical business conduct; accounting fraud, poor corporate governance practices and managerial inefficiencies these became lesson points for corporate organisations the world over, including Nigeria. The challenges facing the cooperate governance has become a serious and devastated problem for the Nigerian firms which leads to a reduction rate in the contributing to the gross domestic product which in turn decrease the rate of unemployment. The importance of corporate governance is to ensure compliance with all the processes, rules and regulations for well-organized delivery of managerial efficiencies in the development of a nation. This also has become an important argument among the scholars, reasons because of the failure of government, which is sponsored by the previous large state corporations across the globe. This study, therefore, study the dynamic relationship between Corporate Governance Practices and managerial efficiency: special reference to Nigeria port authority, the study adopted a cross-sectional descriptive research approach using quantitative research method, in which a self-administered questionnaire in the gathering of data, the regression model, ANOVA results and Duncan's post hoc tests are the statistically technique which was used for the data analysis. In which six (6) of the questionnaires retrieved were found to be improperly filled -that is, which means that there are incomplete data which was not included in the analysis. The study concludes that the study reflects the results shows that there is a high level of corporations in the measures of the extent of compliance with corporate governance practices, also returning equally high percentages in the measures of level of perceived managerial efficiency recorded in them. The results later show that the public corporations falls into same group level of compliance of the practices corporate governance practices as in level of managerial efficiency.