Ownership Structure and Agricultural Output in Nigeria

Finance, Business Administration

Ownership structure is the identity of company ownership and an important element of corporate governance which is potentially important to agricultural firms. The main objective of this paper is to examine ownership structure and agricultural output in Nigeria. Specifically, the study examined the effect of institutional shareholding, foreign shareholding and family shareholding on agricultural output. the study adopted Ex post facto research design. The Econometric technique involving Unit Root test for stationarity and Ordinary Least Square was used for the data analysis. The result of the study showed institutional shareholding, foreign shareholding and family shareholding had a positive and significant effect on agricultural output. The study concludes that ownership structure positively affects agricultural output in Nigeria. Amongst the recommendations is that the management of the agricultural firms should make more provisions for institutional shareholders for them to invest in their companies to enhance the agricultural output in Nigeria. The management should make policies that will enable more foreign investors to invest in the agricultural firms and the management of the agricultural firms should also make more policies that will limit the family members from holding more shares in companies.

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