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Unravelling the profit puzzle: how corporate governance shapes the success of Nigerian deposit money banks

Author

Listed:
  • Wisdom Okere
  • Nkiruka Ifekwem
  • Imeokparia Lawrence
  • Bamigbaiye-Elatuyi Omotola
  • Abiola John

Abstract

Due to the prominent failures of significant financial companies during the last decade of the twentieth century, both regulators and investors have become more concerned with corporate governance regulations and guidelines. This study examined the impact of corporate governance on the market performance (TOBINQ) of listed deposit money banks in Nigeria. The study employed secondary data, descriptive and correlation analysis, Hausman test and panel ordinary least square regression analysis to achieve the research objective. The study revealed that corporate governance (board size, board independence, foreign directorship and board diligence) has a significant effect on the market performance of quoted deposit money banks in Nigeria. This study recommends that policymakers and regulatory agencies should work together to help banks boost their performance by promoting the establishment of an efficient system for CG disclosure.

Suggested Citation

  • Wisdom Okere & Nkiruka Ifekwem & Imeokparia Lawrence & Bamigbaiye-Elatuyi Omotola & Abiola John, 2024. "Unravelling the profit puzzle: how corporate governance shapes the success of Nigerian deposit money banks," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 14(3), pages 264-279.
    • Handle: RePEc:ids:ijrevm:v:14:y:2024:i:3:p:264-279
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