DOI: 10.36347/sjebm.2018.v05i06.013

Pages: 534-548

The research was carried out to examine the impact of corporate governance on foreign direct investment of multinational companies in Nigeria. A sample size of fifteen (15) multinational companies from Nigerian stock exchange (NSE) from 2010- 2015 A sample time series research design was used for this study. Regression analysis of ordinary least square was the statistical tool used to test the hypothesis. The test of the hypothesis was done using SPSS statistic tool version 20.0. The finding of the study revealed that board size has a significant influence on equity capital from foreign companies in Nigeria. Board size has significant influence on reinvested earning from foreign companies in Nigeria. The study recommended that the multinational companies may enhance performance by increasing board size, it has positive effect on the equity capital of the multinational companies, the multinational companies are encourage to increase the number of independent directors, it was discovered that so many multinational companies do not have independent directors.