Link between Agency Costs and Firms Performance of Listed Oil and Gas Companies in Nigeria

The objective of this study is to examine the relationship between chief executive’s human capital and chief executive officer’s compensation of listed conglomerate companies in Nigeria. The correlation research design was adopted for this study. The population of this study consists of six (6) conglomerate companies quoted on the Nigeria Stock Exchange (NSE). The study sampled all the six (6) listed conglomerate companies in Nigeria using census approach. The panel secondary data were collected from annual reports of the sampled companies for five years period from 2019-2023. In analyzing the data, Ordinary Least Square (OLS) was used. The results of the multiple regression revealed that CEO education level has a significant positive relationship with CEO compensation. The study found a significant negative relationship between CEO field of study and CEO compensation. While the findings of the study showed that CEO work experience has no significant relationship with CEO compensation. The study recommends that conglomerate companies should focus on the CEO human capital factors that are deemed to have significant associated with CEO compensation. By understanding how these independent variables affect CEO compensation among conglomerate companies, can gain more insights on what they are paying for and whether the CEO compensation are determined at an acceptable level.