Ownership Structure & Financial Performance of Listed Firms in Nigeria

This study examines the impact of ownership structure on the return on assets of listed consumer goods companies in Nigeria. Using a descriptive research design, the findings reveal that institutional ownership significantly influences financial performance, while managerial, board, and foreign ownership do not have a notable impact. The study concludes that attracting institutional investors is beneficial, but companies should maintain a balanced ownership structure and focus on board effectiveness. Limitations include a small sample size and reliance on secondary data. Recommendations for further research include exploring other financial metrics and industry-specific patterns in ownership effects.