This study assesses the impact of ownership structure on the financial performance of Pension Fund Administrators (PFAs) in Nigeria. The main objective of the study is to ascertain the level to which ownership structures influence financial performance. While managerial ownership is represented as the proportion of shares owned in the firm by insiders and board members or insider ownership, foreign ownership firms are firms with majority shares owned by foreign shareholders in the firm operating in a host country. The methodology employed is the use of secondary data and Pearson Product Moment Correlation method of data analysis. The population of the study is IBTC Pensions and Premium Pensions while taking their published financial statement as at 2015 and 2016 into perspective. The findings of the study show that foreign ownership has positively impacted the performance of IBTC Pensions compared to firms without foreign influence such as Premium Pensions as observed within the study period. The study recommends among others that PFAs in Nigeria should explore the possibilities of selling its shares to foreign multinational companies as this will bring a lot of expertise into the operations of the PFAs.
Keywords: Ownership structure, financial performance, corporate governance, Pension Fund Administrators (PFAs), foreign ownership, managerial ownership
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