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Board Characteristics and Value of Listed Deposit Money Banks in Nigeria, Moderated by Ownership Concentration

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  • Samaila Ishaya

    (Department of Accounting, Faculty of Management Sciences, Nigerian Defences Academy, Kaduna Nigeria.)

  • Latifat Abdulsalam Abdulfatah

    (Department of Accounting, Faculty of Management Sciences, Nigerian Defences Academy, Kaduna Nigeria.)

  • Onipe Adabenege Yahaya

    (Department of Accounting, Faculty of Management Sciences, Nigerian Defences Academy, Kaduna Nigeria.)

Abstract

This study is to examine the moderating role ownership concentration of the board characteristics and financial value of listed deposit money banks in Nigeria and to fills the gap of variation in value across different banks by determining the moderating effect of ownership concentration on board characteristics represented by board size, board independence and board gender. Value measured by Tobin’ Q and Return on equity. The study adopted an ex-post factor research design. The population of the study was nine (14) deposit money banks listed on the Nigeria exchange (NGX) during the period 2014-2023. The study used (9) sample size of listed deposit money banks. Data obtained from the financial statement of sampled firms were Analyzed using random effect panel regression techniques. The result revealed that board size, gender and independence have a significant effect on relationship with value. The study recommends among others that the size of the board of direction of listed deposit money banks in Nigeria should be kept at the minimal level (5) allowed by regulations, non-executive directors should not be allowed beyond the stimulated regulations; and that the percentage of women on the board of directions of deposit money banks in Nigeria should be increased 30% as that will improve the general monitoring and thereby leading to improved financial value.

Suggested Citation

  • Samaila Ishaya & Latifat Abdulsalam Abdulfatah & Onipe Adabenege Yahaya, 2025. "Board Characteristics and Value of Listed Deposit Money Banks in Nigeria, Moderated by Ownership Concentration," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(1), pages 4851-4868, January.
    • Handle: RePEc:bcp:journl:v:9:y:2025:i:1:p:4851-4868
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    References listed on IDEAS

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    1. Krayyem Al-Hajaya, 2019. "The Impact of Audit Committee Effectiveness on Audit Quality: Evidence from the Middle East," International Review of Management and Marketing, Econjournals, vol. 9(5), pages 1-8.
    2. Ben Kwame Agyei-Mensah, 2022. "Impact of audit committee attributes on financial reporting quality and timeliness: an empirical study," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 12(1), pages 82-104.
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