An Assessment of Corporate Governance Practices and Their Effect on Organizational Performance in Emerging Economies: A Case Study of Plateau State, Nigeria

This academic research, titled “An Assessment of Corporate Governance Practices and Their Effect on Organizational Performance in Emerging Economies,” delved into how corporate governance frameworks impact the performance of organizations within the unique socio-economic and regulatory landscapes of developing nations. As these emerging economies aim for sustainable growth, the importance of having effective governance structures has become even more vital to ensure transparency, accountability, and operational efficiency. The main aim of this study is to pinpoint an assessment of corporate governance practices and their effect on organizational performance in emerging economies. Rooted in agency theory and stakeholder theory, this research investigates how governance mechanisms can reduce managerial opportunism and align the goals of organizations with the interests of stakeholders. Sample size of 359 but 345questionniares were returned while 14 were not returned. Employing a mixed-methods approach, data were gathered from a carefully selected sample of firms across various sectors in Nigeria and other emerging economies. Quantitative data were collected through structured questionnaires, while qualitative insights came from interviews with board members, senior management, and governance experts. Statistical analysis looked for correlations between governance indicators and performance outcomes, while thematic analysis provided context-specific insights. The study established that “how well” organizational activities are executed, “how” processes and tasks are carried out, and the presence of supportive contextual factors each have a significant positive effect on organizational performance. This indicates that competence in execution, efficiency in procedures, and favorable organizational environments jointly enhance productivity, service quality, and overall operational outcomes. Organizations that deliberately improve their internal processes and align contextual factors such as culture, resources, leadership style, and technology are more likely to achieve sustainable performance gains. Develop clear performance standards for each department and ensure staffs are trained to meet them consistently. Streamline workflows by eliminating redundant steps and adopting simplified procedures. Strengthen organizational culture by promoting teamwork, accountability, and open communication.