IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 11 NO. 6 2025
DOI: 10.56201/ijssmr.vol.11no6.2025.pg74.88

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CEO’s Attributes on the Long-Term Solvency of Consumer Goods Firms Listed on Nigeria Exchange Group Plc.

Agbasi, Evelyn N, Azubike, Joseph UB, Edeh, Lawrence S

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Abstract

This study investigated the effect of chief executives officer’s (CEO) attributes on the long term solvency of consumer goods listed on Nigeria exchange group from 2014 to 2023 financial years. The study was set to achieve three objectives to evaluate the effect of CEO share ownership, CEO gender diversity and CEO account expertise on the long term solvency of consumer goods as established on the upper echelon theory top management cognitive behaviour. The study adopted ex post facto research design and generated secondary data from the annual reports of the sampled consumer goods firms listed on Nigeria exchange group. Descriptive statistics, correlation analysis and Ordinary least square regression estimation was used for the making inferences and the outcome indicate that CEO share ownership and CEO account expertise have both positive and statistical significant effect on the long term solvency of consumer goods firms listed on Nigeria exchange group ltd. More so, CEO gender diversity has inverse and no significant effect on the long term solvency of consumer goods firm in Nigeria. Consequently, the study recommends amongst others that Shareholders should try to consider persons with knowledge of accounting as the potential candidates for appointment to CEO position, because CEOs with accounting background have more required accounting and finance skills to manage the affairs of the enterprise to perpetuity.

keywords:

CEO gender diversity, CEO share ownership, CEO account expertise, Long term

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