.... The results also support the explanation of critical mass theory to account for the nonlinear relationship between the number of women board members and dividends and cash holdings. Dividends Cash holding Board gender diversity Agency problem Substitution hypothesis Critical mass theory...

..., and section 5 summarises the work with some policy implications. Agency problem Corporate code Corporate governance Nigeria Firms Governance substitution Companies Governance Corporate governance addresses the agency problems typifying contemporary corporations and it has gained more...