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Mission Statement and Bank Performance: Evidence from Nigerian Banking Industry

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  • Idris Adegboyega Onikoyi
  • Olawumi Dele Awolusi

Abstract

This study examines the relationship between mission statement and banks performance. The sample for this study consists of 11 banks from Nigerian banking industry. The secondary data was adopted for this study. The data analysed were collected from audited financial accounts of selected eleven banks listed on the floor of Nigerian Stock Exchange from 2002 to 2010. We used Simple Linear Regression to determine the behaviour of the variables and to check the effect of mission statement on banks performance. The F test carried out for the model revealed that Ï value of 0.372 is greater than α of 0.05. The analysis carried out revealed that there was no significant relationship between Mission Statement and Bank performance.

Suggested Citation

  • Idris Adegboyega Onikoyi & Olawumi Dele Awolusi, 2014. "Mission Statement and Bank Performance: Evidence from Nigerian Banking Industry," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 4(7), pages 290-297.
    • Handle: RePEc:rss:jnljms:v4i7p2
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    References listed on IDEAS

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    1. Christopher Kenneth, Mark C. Bart Baetz, 1998. "The Relationship Between Mission Statements and Firm Performance: An Exploratory Study," Journal of Management Studies, Wiley Blackwell, vol. 35(6), pages 823-853, November.
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