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Influence of Corporate Governance Mechanisms on Quoted Banks Financial Performance: Evidence from Nigeria

The Journal of Accounting and Management

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Title Influence of Corporate Governance Mechanisms on Quoted Banks Financial Performance: Evidence from Nigeria
 
Creator Oyerogba, Ezekiel Oluwagbemiga; Bowen University, Iwo, Osun State, Nigeria
Idode, Patrick Esemogie; Department of Economics, Accounting and Finance,
Bells University of Technology,
Ota, Ogun State, Nigeria.
 
Subject Corporate governance, Ownership Concentration, Board Independence, Disclosure, Financial Performance
 
Description This paper aims to investigate the influence of corporate governance mechanisms (board independence, ownership concentration and disclosure) on financial performance of the banks quoted on Nigeria Stock Exchange. The study also includes recommendations for boards, shareholders and regulators. The study considered the entire 21 banks listed on the Nigeria stock exchange for a ten years’ period between 2006 and 2015. The study relied on secondary data extracted from Nigeria Stock Exchange fact book and annual audited financial reports of quoted banks in Nigeria. The results of the analysis revealed that out of the three variables, only board independence has significant influence on financial performance. We therefore recommend that listed banks may improve her performance by ensuring that the recommended proportion of executive and non-executive directors appears on the company’s board of directors.
 
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/4697
 
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.