Unravelling the Profit Puzzle: How Chief Executive Officer Attributes Shape the Performance Sustainability of Nigerian Listed Firms

Okere Wisdom; Ambe Cosmas; Mabinuori Oladotun; Bello Bashiru Akande; Ajayi Olusuyi Emmanuel; Imeokparia Lawrence; Ologbenla Patrick; Opele Adedayo Mathias

doi:10.32479/irmm.19604

Authors

Okere Wisdom Faculty of Economics, Development and Business Sciences, University of Mpumalanga, Mbombela, South Africa
Ambe Cosmas Faculty of Economics, Development and Business Sciences, University of Mpumalanga, Mbombela, South Africa
Mabinuori Oladotun Department of Economics, Accounting and Finance, Bells University of Technology, Ota, Ogun State, Nigeria
Bello Bashiru Akande Department of Business Administration, Bells University of Technology, Ota, Ogun State, Nigeria
Ajayi Olusuyi Emmanuel Department of Economics, Accounting and Finance, Bells University of Technology, Ota, Ogun State, Nigeria
Imeokparia Lawrence Department of Economics, Accounting and Finance, Bells University of Technology, Ota, Ogun State, Nigeria
Ologbenla Patrick Faculty of Management and Accounting, Obafemi Awolowo University, Ile-Ife, Nigeria
Opele Adedayo Mathias Department of Marketing, Faculty of Management Sciences, Lagos State University, Ojo, Nigeria

DOI:

https://doi.org/10.32479/irmm.19604

Keywords:

CEO, Sustainability, Performance, ROA, Revenue

Abstract

This study examined the impact of Chief Executive Officers’ attributes (age, gender and nationality) and performance sustainability (ROA, NPM) of listed firms in Nigeria. Secondary data was collated from listed firms in Nigeria’s stock market from 2014 to 2023. The variables were subjected to diagnostic tests and descriptive tests and the research objective was achieved using panel ordinary least square regression. The results revealed that CEO attributes (age, gender, nationality and board size) significantly affect the performance of quoted firms in Nigeria. The study findings call for effective governance, strategic leadership practices as well as tailored management policy formulation within the Nigerian business environment. This study offers practical insights into how Chief Executive Officers’ attributes can foster extended business success in emerging markets. These implications of the findings could further enlighten management decision-making and corporate governance as strategies to achieve sustainable performance in Nigeria either from revenue or profit perspective.