Corporate Governance in a Recessed Economy

Abstract

This paper examined the strength of relationship between corporate governance and a recessed economy. Other specific objectives are to examine iimpact of good governance and accountability on a recessed economy. 100 respondents were selected from some ministries, departments and other government agencies in Asaba, Delta state. Data analysis was done using the descriptive the Pearson product moment correlation coefficient to determine the strength of statistical correlation or relationship between variables of study. The study revealed that good governance and accountability of authority figures in government establishments would greatly impact a recessed/reviving economy. It was concluded that findings would help to revive an ailing economy like Nigeria. The study recommends amongst others that stiff penalties including removal or sack of authority representatives who violate or contravene the codes of corporate governance set out for them, should be meted out on erring ones at the helm of affairs.