Record Details

Effect of Ownership Structure on Financial Performance of Deposit Money Banks in Nigeria

The Journal of Accounting and Management

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Field Value
 
Title Effect of Ownership Structure on Financial Performance of Deposit Money Banks in Nigeria
 
Creator Yahaya, Khadijat Adenola; University of Ilorin
Lawal, Rodiat Yatunde; University of Ilorin
 
Subject Concentrated, Generalised Moment Method, Managerial, Return on Asset
 
Description Objectives: This study examined the effects of ownership structure on firm value of Nigerian deposit money banks. It also evaluated the relationship between ownership structure variables (concentrated, managerial and foreign) on firm value (Return on Equity and Return on Asset). Prior Work: Few research works have covered ownership structure and corporate governance in Nigeria. As a company’s ownership structure changes and ownership is separated from control, incentive alignment problems become evident and the need for more research.  Approach: The study used a sample of fifteen (15) banks quoted on the Nigerian Stock Exchange.  The study employed secondary data which was obtained from Audited Report of Nigerian deposit money banks for a period of nine years (2008-2016). The data obtained were subjected to System Generalised Moment Method. Results: Findings reveal that only institutional ownership has positive and significant effect on financial performance while others have insignificant effect. Implications:  This empirical study provided fruitful implications that there exist a significant effect between ownership structure and financial performance of Nigerian deposit money banks. Value: This study recommends that institutional shareholders should continuing using their resources and expertise to exercise control over management abuse of power which can affect the performance of the company.
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2019-01-21
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/4593
 
Source The Journal of Accounting and Management; Vol 8, No 2 (2018): JAM
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.