Okoro, Chineme Blessing (2018) EFFECT OF BOARD COMPOSITION ON FINANCIAL PERFORMANCE OF SELECTED DEPOSIT MONEY BANKS IN NIGERIA. In: 12th Annual Conference of the Academy of Management Nigeria, Leadership, Security and National Development, 24 -25 October 2018, Nile University of Nigeria, Abuja.
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Abstract
Board composition is of paramount importance in the stability of banks and in the operation of an economy to the financial system, as such, an understanding of the issues that promote their profitability is vital and fundamental to the firmness of deposit money banks in Nigeria. This study investigated the effect of board composition on financial performance of selected money deposit banks in Nigeria covering the period 2000-2018. In the course of the study, the primary objectives of the study were to assess the effect of board size on the capital adequacy of money deposit banks, to examine the effect of chief executive officer (CEO) role duality on the profitability of money deposit banks, and to ascertain the impact of ownership structure on the incidence of bad debt of money deposit banks. A sample of nine banks was used in the study. The banks selected were First Bank of Nigeria Plc, Diamond Bank Plc, Fidelity Bank, Union Bank, United Bank for Africa, Zenith Bank, Access Bank, Eco Bank and Sterling Bank Plc. The study made use of secondary data extracted from the annual financial reports of the various sampled banks. The study adopted the ex-post facto design. The method of data analysis was the linear regression with the application of the ordinary least squares (OLS) technique using E-view version. Findings revealed that board size had significant positive effect on the capital adequacy of selected money deposit banks in Nigeria (t*calculated= 3.903657 > t* critical = 2.131), CEO role duality had no significant positive effect on the profitability of selected money deposit banks in Nigeria (t*calculated = -0.949677 < t* critical = 2.131), Ownership structure had no significant positive effect on the incidence of bad debt of selected money deposit banks in Nigeria (t*calculated = -0.348073 < t* critical = 2.131). Based on the findings, the study recommended, amongst others, that deposit money banks should increase the size of the board especially by electing more foreign directors who could bring diverse experience and expertise which the domestic directors may not possess.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 28 Aug 2019 11:59 |
| Last Modified: | 28 Aug 2019 12:37 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/1891 |
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