Corruption perception, institutional quality and performance of listed companies in Nigeria.

We examine the effect of corruption perception and institutional quality on the performance of firms based on the extracted data for 135 listed companies in Nigeria with timeframe 2013-2017. We first use the Transparency International Corruption Perception Index for the baseline analysis, which evaluates the public officials and politicians' corruption practices. To capture institutional quality, which depicts the level of law enforcement to curb corruptive practices of the public officials, we use the first component via Principle Component Analysis of six governance indicators extracted from World Bank Governance Indicators.