BOARD GENDER, BOARD FINANCIAL EXPERTISE AND LIQUIDITY OF MANUFACTURING FIRMS IN NIGERIA

MODERATED BY FIRM SIZE

Authors

  • Blessing Ogechi Ajunwa, Prof. Joshua Okpanachi, Prof. Samuel Eniola Agbi, Dr. S. G. Joshua , Dr Marvis I. Irom Nigerian Defence Academy, Kaduna State

Keywords:

Keywords: board gender, financial expertise, firm size, listed manufacturing firms, Nigeria

Abstract

This study analyzed the effect of board gender and board financial expertise on the liquidity of listed manufacturing firms in Nigeria, with a moderating role of firm size. A sample of 31 listed firms were selected for a period of 15 years from 2009 to 2023. Data were sourced secondarily from annual reports and accounts of listed manufacturing firms in Nigeria. The data gathered were analyzed using multiple regression technique and diagnostic tests were conducted in order to validate the data. This study found that board gender and board expertise has a negative significant effect on liquidity of listed manufacturing firms in Nigeria. The moderating role of firm size on both variables has a negative significant effect on liquidity. It concluded that board gender and board financial expertise has a negative significant effect on liquidity of listed manufacturing firms in Nigeria. Hence, no policy implication with relation to the Nigerian manufacturing firm’s corporate boards.

Author Biography

Blessing Ogechi Ajunwa, Prof. Joshua Okpanachi, Prof. Samuel Eniola Agbi, Dr. S. G. Joshua , Dr Marvis I. Irom, Nigerian Defence Academy, Kaduna State

Blessing Ogechi Ajunwa1, Prof. Joshua Okpanachi2, Prof. Samuel Eniola Agbi3, Dr. S. G. Joshua 4, Dr Marvis I. Irom5. 1,2,3,4,5 Department of Accounting, Nigerian Defence Academy, Kaduna State Corresponding author(s)’ Email/Mobile:ogeodinaka@yahoo.com1

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Published

2026-07-24

Issue

Vol. 4 No. 1 (2026): KASU Journal of Entrepreneurship Research and Development Centre, January - June, 2026

Section

Articles