CORPORATE GOVERNANCE AND PERFORMANCE OF TELECOMMUNICATION COMPANIES IN NIGERIA
CHAPTER ONE
Introduction
1.1 Background to the Study
The telecommunications industry is undergoing a critical transformation, creating exciting new opportunities and new challenges for infrastructure and service providers. The established value chain is increasingly being reconstructed, with the entry of powerful new players and radical restructuring of the industry. Rapid technological developments and increasing market competitions have added new dimension to an already complex scenario. Countries and sectors equipped with the requisite telecommunication systems are rapidly moving into post-industrial, information-based economic growth. Telecommunication sector across the globe has been identified as one with generic effect on almost all other sectors of the economy. Its function, in any economy, is described as a strategic one aimed at promoting economic growth and as one that has the linkages with other sectors. For the developing world, a modern telecommunications infrastructure is not only essential for domestic economic growth, but a prerequisite for participation in increasingly competitive world markets and for attracting new investments.
Recently, the role of telecommunication infrastructure in enhancing economic growth has been a subject for discourse in the economic literature. Arguments are that the development of a modern nation to its full potential in contemporary world can never be attained without adequate telecommunications infrastructure. This implies that the development of telecommunication infrastructure will significantly boost economic growth and development. Report in the Fact sheet of U.S Embassy showed that most of the developed economies such as U.S, Japan and China, having realized this, had deregulated their telecommunication sectors to allow more investment and the results they got were not just improved telecommunication capabilities but also increased foreign investment, boom in private sector development, more employment opportunities and better education and training facilities.
In the global setting, the telecommunications industry has experienced some drastic changes during the last few years; from the fixed telephone lines, to GSM and then the interconnections. The result of these changes has led to a fall in service charges coupled with increased flexibility, functionality and the overall attractiveness of the services. Introduction of new technologies has changed the role of mobile services, leading to a significant increase in mobile penetration, which now exceed fixed line communications. The annual report of telecommunication Fact sheet shows that the telecommunications market has reached the point of saturation, companies have introduced differentiation strategies by services, which in turn have led to a broadening of the range of new products in the market. Another key characteristic of the industry is the requirement for substantial investment in equipment (exchanges), transmission facilities (wire, optical fibre lines or wireless facilities), and terminals (subscriber equipment).
This high capital investment provides an effective barrier of entry to new players in the market. Furthermore, the high level of required investment has led to a limited number of players within the market with sharp competition among them. Another specific characteristic of the telecommunications industry is also its perceived role within society. For many years it has been viewed as providing essential public services. The increased penetration of telecommunication lines has to benefit society as a whole. Telecommunications have changed from being a discretionary or even luxury service to an essential service that should meet the demands of the majority of consumers. Due to these factors, the telecommunications industry is strongly regulated by governmental authorities in order to ensure that telecommunication services are supplied in accordance with public interest.
Today in Nigeria, there have been large infrastructure investments resulting from liberalization between 1992 and 2011, which have enabled million of people to communicate and transact businesses better. Deregulation attracted new operators from within and outside the country. The new operators have injected competition and provided new employment opportunities and emergence of indigeneous telecommunication companies. This growth has equally profound impact on the job and employment market, enhance efficiency in other productive sectors and increase national output.
In terms of growth, according to Lawyers Chronicle (2014) Nigeria is ranked the largest and fastest growing ICT market in Africa and among the ten fastest telecommunications growth markets in the world. This is as a result of the robustness of its returns on investments. The impact of this on the economic growth has become impressive. The telecommunications sector now contributes significantly to the Gross Domestic Product (GDP), which was hitherto dominated by the oil sector. Also the Nigeria Telecommunications Fact Sheet released by the United States Embassy in Nigeria in October 2011, noted that “the ICT sector is the fastest and most robust sector of the Nigerian economy, contributing more than the manufacturing, banking and solid minerals sectors combined”.
Despite the important place telecommunication industry is playing in nation’s economy both in developed and developing countries corporate governance of the sector as it relates to their financial performance has been ignored by researchers. Even in the developed economies such research has been very scarce in literature. This study therefore aims at opening up such research in this fast growing industry. The critical role of corporate governance in the success or failure of companies is not in doubt.
In recognition of this the issues of corporate governance has been given the front burner status by all sectors of the economy in Nigeria. To do this, regulating bodies had been set up for all public and private sectors to regulate and monitor their corporate governances. In Nigeria, Telecommunication Commission (NCC) was set up to regulate the activities of the telecommunication sector.
In Nigeria we have few studies on corporate governance mechanisms and their impact on firm’s financial performance specifically in banking, manufacturing, stock market and other sectors; among them are the studies of Mukaila and Garba (2005), Ogechie (2006) and Ranti (2013). Even at that most of the studies have focused on a single or two aspects of governance like the role of directors on stock value, omitting other factors of interactions that may be important within the governance framework.
This study plans to use both external and internal determinant factors in corporate governance mechanism as the proxies. The external factors are the outside directors called independent members, institutional shareholders and external auditors. The internal factors are the board size and the percentage shareholding of the directors. This is by working at the cross-relationship of internal and external aspects of corporate governance structures. It also aims at using all the active firms in the sector to enable it get all the aspects of the firms. Further, in order to address the deficiencies in the various prior studies, the study will use the mean of the summation of Return on Asset and Return on Investment. This is unified measurement tool for operational efficiency as narrated by Lyndsat, (2014). It also aims at using long period of annual report data (10 years) for higher efficacy in research rather than the usual three years in prior studies. Through the study the level of the code compliance by the industry could also be revealed.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Corporate Governance and Performance of Telecommunication Companies in Nigeria can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Corporate Governance and Performance of Telecommunication Companies in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Corporate Governance and Performance of Telecommunication Companies in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Network Analyzer and Network Monitoring Tool Using SNMP” be used as a guide for Computer Science (CS) Project?
Yes it can be used — The increasing complexity and importance of communication networks have given rise to a steadily high demand for advanced network management tools. Network Management in general consists of two activities: monitoring and controlling. The monitoring part concerns observing and analyzing the status and behavior of the managed networks, and is therefore fundamental for network management. Unfortunately, the existing network monitoring paradigms have some drawbacks that prevent it from satisfactory performance. One related problem is that these approaches are characterized by high centralization which puts almost all the computational burden on the management station. As a result, a huge amount of raw data has to be transferred from network elements to the central management station for further processing, causing heavy traffic, manager …
Can the material for “The Impact of a New Product in Commercial Banks Performance” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — The need for this study being the impact of new product in commercial banks performance was to determine the rate at which the introduction of this product is helping the economic development and growth in the banking industry in terms of employment, income, staff utilization and technology and serve as an advisory piece to proprietors of commercial banks as to how these product can be run to the benefit of the customers who patronize such product. This research work is divided into five chapters one deals with the introduction/background of the study, statement of problems, objectives of the study, research questions, significance of the study, scope of the study, limitation of the study and definition of terms. Chapter two deals with literature …
Is the topic “Basic Financial Accounting Skills Required for Entrepreneurship Development by Senior Secondary School Students” recommended for Education Project?
Yes it is highly recommended — The title of this study was designed to determine the basic financial accounting skills required for entrepreneurship development by senior secondary school students in Anambra state. The study adopted descriptive research design which involved financial accounting lecturers in public higher institutions and accounting teachers in government owned secondary schools in Anambra state. The population of the study was 207 financial accounting lecturers and teachers in Anambra state. Six research questions and six null hypotheses were formulated and tested at 0.05 level of significance to guide the study and at 194 degree of freedom. The instrument used for data collection was structured questionnaire item statement. To ensure that the instrument measures what it suppose intended to measure, the questionnaire item statement were …
Can the material for “Use of ICT in Crime Detection and School Security in Nigeria Universities” be used as a guide for Computer Science Education Project?
Yes it can be used — School security is the degree of protection harm. It applies to any vulnerable and valuable asset. The study was carried out to scrutinize the Use of ICT in Crime Detection and School Security in Nigeria Universities using Federal University of Technology, Owerri (FUTO) and Imo State University (IMSU) as a case study. In achieving this aim, the following specific objectives were laid out to determine the level of student awareness and usage of available ICT tools for school safety and examine the adequacy and effectiveness of current ICT facilities employed in study area for crime detection. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total …
Can the material for “The Contribution of Small Scale Enterprises to Employment Creation in Lokogoma Abuja” be used as a guide for Entrepreneurship Project?
Yes it can be used — The study was carried out to examine the contribution of small scale enterprises to employment creation in Lokogoma Abuja. In achieving this aim, the following specific objectives were laid out to determine the level of growth of SMES’ towards job creation, examine the effects of SMES’ on employment creation and evaluate the relationship between the SMEs and economic growth. Investigation revealed that the Nigeria’s unemployment rate has been the major issue of debate for a decade yet the small scale and medium scale enterprises are set all over the country employing most especially two or three family members with low returns and high cost of production makes it inevitable for these enterprises to collapse. The research design used in this …
Is the topic “A Survey of the Management Problems of Business Centres” recommended for Business Management Project?
Yes it is highly recommended — The cardinal objective of this study are to survey the management problems of Business centers in Awgu Local Government area of Enugu state. Awgu as a geographical entry is full of men and women, people of proven integrity who have tested their power sin the distributive trade. This economic approach varies with economic culture of our people and therefore, requires the application of comparative law of requisite variety, which states that individualks with the widesty variety of responses will usually control the environment and situation to their benefit. This study therefore is a token contribution towards attaining this aspiration as it tries to explain approaches that will lead to the side tracking of these barriers to business centers in Awgu. The study …
Can the material for “Computerized Guest Information Tracking System” be used as a guide for Information System Project?
Yes it can be used — Guest Information comprises an individual’s data records and activities that process data and information in an organization and it includes the organization's manual and automated processes. The aim of this study is to design software that will serve as an electronic register to keep record of daily guest to the Hotel. The software will maintain a centralized database system for the purpose of information sharing. In achieving this aim, the following objectives were laid out to develop an application software that will provide an electronic register to keep record of guest visit to the Hotel and provide password to prevent unauthorized users from accessing and manipulating information. The motivation that led to the implementation of the proposed system is that …
Can this topic “Physiological Effect of Infertility in Both Men and Women” be used for Pharmaceutical Technology / Science Project?
Yes it can be utilized for research — Infertility in women is the inability to become pregnant or carry a pregnancy to full term, there are many causes of infertility, including some that medical intervention can treat, while the men infertility due to deficiencies in the semen, and semen quality is used as surrogate measure of male fecundity. The study was carried out to investigate the physiological effect of infertility in both men and women. In achieving this aim, the specific objectives were laid out to examine the effect of infertility in both men and women, evaluate the physiological effect of infertility in both gender, provide information that will assist both genders to control their emotional feeling concerning their situation, and raise the hope of infertility adult genders, …
Is the topic “Effect of Small-Scale Industries on the Nigeria Economy” recommended for Economics Project?
Yes it is highly recommended — Many economists developed and developing have come to realize the value of small scale industries, they are seen to be characterized by Dynamism Witty innovation, efficiency and their small size allows faster decision making process. This study seeks to find out the effect of small industries on Nigerian economy, the specific objectives are to ascertain the relationship between the product of small scale industries and the Gross Domestic Product of Nigeria and the effect of import restriction and operation of small scale industries, the hypothesis and research questions are formulated in line with the objectives of the study the validity and reliability of the instrument were tested. The statistical test was carried out at 0.05 level of significance, The findings are …
Can this topic “Creation of Local Government Orientation Policy in Nigeria” be used for Public Administration (PA) Project?
Yes it can be utilized for research — The research observes the role and importance of local government administration in community development with particular reference to Obowo local government area of Imo state. The research work adopted the structural and functional theory as a theoretical framework for analyzing the performance of the local government. This research contains five chapters, chapter one deals with the background of the study, statement of problem, objectives of the study, research questions, significance of the study, scope of the study, limitation of the study, definition of terms. Chapter two deals with literature review which review all aspect of creation of local government as a development oriented policy in Nigeria, definition of local government, function of local government , statutory status of local government, …