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1
Ogbodo, Okenwa Cy, and Nzube J. Akabuogu. "Effect of Audit Quality on the Financial Performance of Selected Banks in Nigeria." International Journal of Trend in Scientific Research and Development 3, no. 1 (2018): 99–112. https://doi.org/10.31142/ijtsrd18961.
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This study which focused on the "the effect of audit quality on the corporate performance of selected banks in Nigeria" was prompted as a result of inability of audit to prevent the occurrence of fraud and material misstatement in the bank's financial reports. Thus, this study is aimed at assessing the effect of audit quality on the corporate performance of selected banks in Nigeria. Specifically, the study examined the effect of audit firm size on return on asset of Nigerian banks determined the extent audit committee independence affect return on equity of Nigerian banks and ascertained the effect of audit committee on the profit margin of Nigerian banks. Three research questions and hypotheses were formulated in line with the objectives of this study. The population of the study consists of sixteen deposit money banks quoted on the Nigerian Stock Exchange. Data for the study were extracted through the financial statement of the banks from 2008 to 2017 and was tested with regression statistical tool using the Scientific Package for Social Sciences SPSS Version 20. Based on the data analyzed, the study found that firm size has significant effects on return on assets of quoted Nigerian banks also that audit committee independent has significant affect return on equity of quoted Nigerian banks. Another finding is that audit committee size has significantly affects profit margin of quoted Nigerian banks. Based on this, the study recommended among others that companies should make use of the services of audit firms with unquestionable track records of audit quality and reputation hence the debate on audit quality is not a settled matter. Ogbodo, Okenwa Cy | Akabuogu, Nzube J. "Effect of Audit Quality on the Financial Performance of Selected Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-1 , December 2018, URL: https://www.ijtsrd.com/papers/ijtsrd18961.pdf
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Orumwense, Esosa Kenny, and Osaro Orumwense. "Effect of Corporate Governance on Financial Performance of Quoted Commercial Banks in Nigeria." European Journal of Accounting, Auditing and Finance Research 11, no. 4 (2023): 1–14. http://dx.doi.org/10.37745/ejaafr.2013/vol11n4114.
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This study investigates the impact of corporate governance on the financial performance of Nigeria's publicly traded commercial banks. The objective of this study is to determine if board size, board female gender, and board independence have effect on the financial performance of quoted commercial banks in Nigeria. Five (5) quoted commercial banks in Nigeria was examined, ranging from the years 2011 to 2020. Secondary data was used and obtained from the bank’s annual reports published in Nigeria Exchange Group. Cross-Sectional research design was used, and the method of data analysis used was panel multiple regression. Findings revealed that board independence has a significant impact on financial performance ( return on assets) of quoted commercial banks in Nigeria but shows negative relationship with financial performance ( return on assets) of quoted commercial banks, study further revealed that board size has a negative relationship with bank's financial performance (return on assets) but has significant value on the financial performance (return on assets) , findings also revealed that at least two female board members were represented in every corporate organization studied, female board membership has a positive relationship with banks' financial performance (Return on Assets), but shows insignificant value on financial performance (return on assets). The study concluded and recommended that, despite some of the independent variables shows insignificant values, Board independent, Board size, Board female gender mechanisms continue to be a critical component of corporate governance in achieving any organization's objectives, financial or otherwise.
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Andrew E.O. Erhijakpor and OFOGBA Onocha Karevu. "ANALYSIS OF INTEREST RATE SPREAD ON FINANCIAL RESILIENCE OF QUOTED BANKS IN NIGERIA." Finance & Accounting Research Journal 6, no. 2 (2024): 215–25. http://dx.doi.org/10.51594/farj.v6i2.814.
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This paper examined the effect of interest rate spread (IRS) on financial resilience of quoted Nigerian banks from 2007 to 2021. Specifically, the paper examined the effect of deposit rate, lending rate, and interest rate differential on financial resilience of quoted Nigerian banks. The paper collected data from the CBN bulletin (2021) and Security Exchange Commission (SEC) annual report (2021) and the World Bank data base (2021). The study covered all the twenty one (21) commercial banks quoted in the Nigerian exchange group as of 31st December, 2021 using the census sampling approach. The study reported that, deposit (savings) rate/cost has a positive (coef=0.056833) insignificant (p-value=0.5327.5%) effect on financial resilience (bank z-score) of quoted banks in Nigeria. By extension, deposit (savings) rate/cost has a minimal effect on banks’ financial resilience. However, lending (borrowing) rate/cost interest rate differential (prime lending/borrowing rate/cost less savings/deposit rate/cost) exerted negative (coef= -0.527024&coef= -0.160001 respectively) significant (p-value=0.0001<5% &p-value=0.0194<5%) effect on financial resilience (bank z-score) of quoted banks in Nigeria.Hence, the paper concludes that, high lending rate and interest rate differential reduce financial resilience of quoted Nigerian banks. As such, the study submits that, the apex banks must ensure that, the rising lending rate should be discouraged. This if not cautioned; it has the capacity to reduce the productive capacity of the private sector. Again, to encourage more depositors to invest their depositors’ funds, the ape banks should raise the deposit rate. Lastly, the Nigerian banks are adjourning to keep their interest rate differentials relatively low.
 Keywords: Analysis, Interest Rate Spread, Deposit Rate, Lending Rate, And Interest Rate Differential, Financial Resilience Quoted Banks.
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Nathan, Omubo-Pepple Stella. "Corporate Governance Mechanism and Shareholders Wealth Maximization in Quoted Commercial Banks in Nigeria." Journal of Accounting and Financial Management 9, no. 5 (2023): 177–96. http://dx.doi.org/10.56201/jafm.v9.no5.2023.pg177.196.
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This study examined the effect of corporate governance mechanism and shareholders wealth maximization of quoted commercial banks in Nigeria. The purpose is to examine how corporate governance variables affect shareholders wealth of quoted commercial banks in Nigeria. Panel data was sourced from financial statement of the quoted commercial banks from 2011 to 2020. Return on equity and return on assets were modeled as a function of board size, board composition, board independence and directors shareholdings. Panel data Ordinary least square method was used as data analysis technique. The study found that 65.7 and 70 percent of return on equity and return on assets were explained by variation in corporate governance variables. Beta coefficient of the variables found that board size and board composition have positive but no significant effect on return on equity of the quoted commercial banks while board independent and directors equity holding have negative effect on the return on equity of the quoted commercial banks. The study found that the independent variables have positive effect on return on assets of the quoted commercial banks except directors’ equity holding. From the findings, the study concludes that corporate governance variables have greater effect on return on assets than return on equity of the quoted commercial banks. From the findings, the study recommends the all corporate governance code from the regulatory authorities should well complied with by the management of the commercial banks. Directors equity holding should be reduce and its objectives integrated with the management objective of maximizing shareholders wealth
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Chime, U. A., U. L. Onyekwelu, and I. C. Okoh. "Effect of Dividend Payments on Share Prices of Quoted Deposit Money Banks in Nigeria." International Journal of Advanced Finance and Accounting 4, no. 4 (2023): 42–56. https://doi.org/10.5281/zenodo.10033268.
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<i>This study examined the effects of dividend payments on share prices of quoted deposit money banks in Nigeria. The specific objectives of the study are to: determine the effect of dividend payout ratio on share prices of quoted deposit money banks in Nigeria, examine the effect of dividend per share on share prices of quoted deposit money banks in Nigeria and ascertain the effect of dividend yield on share prices of quoted deposit money banks in Nigeria. The study was an expo facto research design which span for a period of 10 years from 2013 to 2022. The study adopted a stratified sampling technique in determining the sample size, hence 15 Deposit Money Banks operating on the Nigerian Exchange Group with total observation of 150 were sampled for analysis. Regression analysis applied as panel estimation were used in testing the hypotheses, since the dataset combines cross-sections and time series which increases the number of degree of freedom and strengthens the power of the tests. Findings arising from the panel least squares indicates dividend payout ratio exerts a significant and positive effect on share prices of the sampled Deposit Money Banks in Nigeria with p-value of 0.0018 < 0.05 and the t-statistics of 3.172829 > 2. The result also revealed that dividend per share has a significant and positive effect on share prices of the sampled Deposit Money Banks in Nigeria with probability value of 0.0012< 0.05 and a t-Statistic of 3.309352>2. More so, Dividend yield has a significant and positive effect on share prices of the sampled Deposit Money Banks with probability value of 0.0306 < 0.05 and a t-Statistic of 2.183960>2. These findings suggest that dividend payments play a crucial role in influencing investor perceptions and demand for the bank's shares. Conclusively, the study portrays that consistent dividend payments can assist deposit money banks in formulating effective dividend policies, attracting investors, and maximizing shareholder value. It was recommended that Deposit money banks should carefully determine an appropriate dividend payout ratio that balances the interests of shareholders and the need for reinvestment in the business.</i>
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Prof., C. M. Ekwueme, and Chizoba Paulinus Ezelibe. "Unclaimed Dividend, Profitability and Firm Value of Quoted Deposit Money Banks DBMS in Nigeria." International Journal of Trend in Scientific Research and Development 2, no. 1 (2017): 1358–65. https://doi.org/10.31142/ijtsrd8252.
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This study seeks to examine the effect of unclaimed dividend on profitability and firm value of selected deposit money banks DMBs quoted in the Nigerian Stock Exchange NSE . The population of constitutes of all the quoted deposit money banks DMBs in the Nigerian Stock Exchange for the 5 year period 2012-2016 covered by this study. Nine of the banks were selected was selected for the study. Ordinary least square OLS statistical tool was used in the analysis of data. The study found that there is no significant relationship between unclaimed dividend and profitability, similarly it was also observed that no significant relationship exists between unclaimed dividend and firm value of the selected banks. It was recommended that regulators and other stakeholders in the capital market should ensure that the new e dividend payment system is fully implemented to significantly reduce the volume of unclaimed dividend. Also, shareholders should be sensitized on the importance of the e dividend payment and how they can take advantage of it. Prof. C. M. Ekwueme | Ezelibe Chizoba Paulinus "Unclaimed Dividend, Profitability and Firm Value of Quoted Deposit Money Banks (DBMS) in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-1 , December 2017, URL: https://www.ijtsrd.com/papers/ijtsrd8252.pdf
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Chijioke, Okogbue, and Orji Uka Odim. "Risk Management of Selected Quoted Commercial Banks in Nigeria: Its Implications for Financial Performance." NEWPORT INTERNATIONAL JOURNAL OF CURRENT RESEARCH IN HUMANITIES AND SOCIAL SCIENCES 5, no. 2 (2025): 32–44. https://doi.org/10.59298/nijcrhss/2025/5.2.324400.
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Commercial banks and other profit making organizations want to sustain their profit. This made them improve on their financial management practices. However, risks are inevitable in business and to improve on the indices of organizations, financial risks are expected to be properly managed. Hence this study examined the effect of financial risk assets management on financial performance of quoted commercial banks in Nigeria using data from seven selected quoted commercial banks for the period between 2014 and 2023. This study examined in details the effect of liquidity risk, operational risk, capital risk, credit risk, and market risk on the profitability of quoted commercial banks in Nigeria. The study adopted a dynamic approach of using the Autoregressive Distributed Lag (ARDL) model. The lag length selection criteria revealed that it is appropriate to use lag one in our dynamic approach. The study revealed significant effect of liquidity risk, operational risk, capital risk and market risk on the profitability of quoted commercial banks in Nigeria, both at the short run as well as the long run. It was further revealed that credit risk management have no significant effect on the profitability of quoted banks in Nigeria. The study therefore recommend that proper review of the credit risk structure should be done for aggressive loan recovery by the banks. The banks should adopt various methods necessary in other to ensure massive recovery of their funds that has been a source of negative financial performance to their organizations. Such methods to adopt should include, but not limited to, meetings and dialogue with the debtors, moral suasion, and litigations. Email: Risk Management, Commercial Banks, Nigeria and Financial Performance
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Martins, Otuedon Ajuyitse, and Ogbole Philip Osemudiamen. "BOARD SIZE AND CORPORATE PERFORMANCE OF QUOTED COMMERCIAL BANKS IN NIGERIA." International Journal of Research -GRANTHAALAYAH 7, no. 1 (2019): 328–41. http://dx.doi.org/10.29121/granthaalayah.v7.i1.2019.1059.
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The study examines board size and corporate performance of quoted companies in Nigeria. The objectives of the study are to examine the relationship between board size and total asset of quoted Nigerian banks; to examine the relationship between board size and total revenue of quoted Nigerian banks; to examine the relationship between board size and net profit of quoted Nigerian banks. The study adopted panel research design and census survey approach. The population of this research consists of 21 commercial banks in Nigeria. Data were collected from secondary sources that is audited financial statements. The findings of the study showed that there is a negative relationship between board size and total assets; there is a positive relationship between board size and gross revenue; there is a positive relationship between board size and Net profit. From the above findings, the study concluded that there is a relationship exist between board size and corporate performance of quoted Nigerian banks. The study further recommend that commercial banks and quoted firms must ensure that a proper board of directors is composed in other to institute standards and controls that will boost the net income of the firm; regulatory bodies should ensure that firms constitute a board with a standard size of seven members. The board also must have professionals who have requisite knowledge in the business; firm’s board must ensure that the committees in the board are most effective in safeguarding the asset of the organization and should continuously make decisions that will boost the revenue and net profit of the firm.
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Otuedon, Ajuyitse Martins, and Philip Osemudiamen Ogbole. "BOARD SIZE AND CORPORATE PERFORMANCE OF QUOTED COMMERCIAL BANKS IN NIGERIA." International Journal of Research - Granthaalayah 7, no. 1 (2019): 328–41. https://doi.org/10.5281/zenodo.2558460.
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The study examines board size and corporate performance of quoted companies in Nigeria. The objectives of the study are to examine the relationship between board size and total asset of quoted Nigerian banks; to examine the relationship between board size and total revenue of quoted Nigerian banks; to examine the relationship between board size and net profit of quoted Nigerian banks. The study adopted panel research design and census survey approach. The population of this research consists of 21 commercial banks in Nigeria. Data were collected from secondary sources that is audited financial statements. The findings of the study showed that there is a negative relationship between board size and total assets; there is a positive relationship between board size and gross revenue; there is a positive relationship between board size and Net profit. From the above findings, the study concluded that there is a relationship exist between board size and corporate performance of quoted Nigerian banks. The study further recommend that commercial banks and quoted firms must ensure that a proper board of directors is composed in other to institute standards and controls that will boost the net income of the firm; regulatory bodies should ensure that firms constitute a board with a standard size of seven members. The board also must have professionals who have requisite knowledge in the business; firm’s board must ensure that the committees in the board are most effective in safeguarding the asset of the organization and should continuously make decisions that will boost the revenue and net profit of the firm.
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Meka, Azuka Gloria, and Eugene Okoye Nwadialor. "Effect of Accounting Information on Share Price of Quoted Banks in Nigeria." International Journal of Trend in Scientific Research and Development 3, no. 1 (2018): 733–42. https://doi.org/10.31142/ijtsrd19073.
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It is important for the investors to have a good understanding of the financial position of a company in other to make sound investment decisions. This study examined the relationship between accounting information and share price of quoted commercial banks in Nigeria for 10 years from 2007 to 2016. Ex post facto research design was adopted and the data collected were analyzed using descriptive statistic, correlation and regression analysis. The study findings revealed that earnings per share and capital employed per share have positive and strong significant influence on share price of quoted banks in Nigeria. The study recommends the introduction of sector wise index which will help Investors to analyze the company's overall characteristics when making investment decisions, this is because the effects of accounting information on share price depends on both the firms and industry's overall characteristics. Meka Azuka Gloria | Nwadialor Eugene Okoye "Effect of Accounting Information on Share Price of Quoted Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-1 , December 2018, URL: https://www.ijtsrd.com/papers/ijtsrd19073.pdf
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Ibrahim, Umar Abbas, and Okechukwu Umeano. "Assessing the effect of corporate social responsibility on financial performance of a company." European Journal of Management Issues 27, no. 3-4 (2019): 73–81. http://dx.doi.org/10.15421/191908.
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Purpose – to research the effect of the corporate social responsibility (CSR) on the corporate financial performance (CFP) of quoted banks in Nigeria.
 Design/Method/Research approach. Using data of corporate social responsibility expenditure as a proxy for CSR and the trio of return on assets (ROA), return on equity (ROE), and bank earnings per share (EPS) as a proxy for CFP, regression analysis was conducted. ROA, ROE, and EPS data were collected from the banks’ financial statements for the period 2012 – 2016.
 Findings. In particular, our analysis and findings suggest that CSR expenditure had no significant effect on all the three proxies of CFP of quoted banks in Nigeria. It supports the arguments in the literature that financial performance alone does not justify expenditure on CSR activities by the quoted Nigerian banks.
 Practical implications. Our results show that there is a need for banks to consider other factors to see if the case for CSR activities exists. If they do not, the banks should stop engaging in these activities to increase the banks’ profitability.
 Paper type – empirical.
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Maimako, Livinus Nkuri, Ahmed Razman Abdul Latiff, and Wan Fadzila Wan Yusoff. "Effects Of Board Characteristics On Financial Sustainability Of Quoted Nigerian Banks." International Journal of Finance Research 5, no. 3 (2024): 299–318. http://dx.doi.org/10.47747/ijfr.v5i3.1965.
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Using Agency theory to examine the relationship between board characteristics and corporate governance financial sustainability. Board size, diversity, and independence are autonomous, but financial leverage is controlled. This study examined how board features impact Nigerian banks' financial sustainability. Stata statistical tool was used to assess how board independence, diversity, and size impact financial sustainability in a convenience sample of thirteen Nigerian banks operating on the Nigerian stock exchange from 2014 to 2020. Financial leverage-controlled board characteristics. Independent board members statistically increased long-term financial sustainability. A company's long-term financial viability may improve with a board with fewer outside demands and conflicts. Financial sustainability requires independent boards of directors. Board size did not affect financial sustainability or gender diversity. Despite their potential benefits, such as broader viewpoints and improved decision-making, board diversity and size did not significantly influence the financial sustainability of the stated Nigerian banks. Diverse boards improve decision-making and widen viewpoints. Financial leverage as a control variable influences corporate viability. Due to financial risks and volatility, high financial leverage may hurt banks' long-term existence. These studies explain how corporate governance affects a company's long-term financial survival. An independent board of directors is necessary for a bank's long-term financial sustainability. The study concluded that board size and diversity may not guarantee long-term financial sustainability. Duality, organisational scale, and their interaction must be studied to understand board traits and financial sustainability
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EMMANUEL ORIAKPONO, Dr ANDERSON, and SOWUNMI BOLANLE MUSILIU. "FINANCIAL PERFORMANCE OF QUOTED BANKS IN NIGERIA AND CORPORATE GOVERNANCE STRUCTURE." International Journal of Management Studies and Social Science Research 05, no. 02 (2023): 158–68. http://dx.doi.org/10.56293/ijmsssr.2022.4585.
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This study empirically examines the relationship between corporate governance structure and financial performance of banks in Nigeria, with particular emphasis on quoted banks. This study examines the impact of large board size on the financial performance of quoted bank in Nigeria. The research adopted a cross sectional analysis of the financial report of quoted banks on first tier security market of Nigeria stock exchange. Data used in the study was basically secondary data generated from the published annual report of the studied bank. One hypothesis was tested with the use of regression correlation. Result showed that large board size impacted negatively on firm's financial performance as a result of increase in agency cost. The study concludes that the result of this study implies that large board size impacted negatively on firm’s financial performance, as a result of increase in agency cost and recommended that quoted banks should endeavor to comply with CBN and other financial, monetary and regulatory guide line to enable them achieve the objective ofimproving the Return on Asset.
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NWOKORO, ANN IJEOMA, UWAOMA IGNATIUS IRONKWE, and JOHNSON NKEM NWAIWU. "RISK-ASSETS QUALITY AND FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANK IN NIGERIA." GPH-International Journal of Social Science and Humanities Research 06, no. 10 (2023): 83–104. https://doi.org/10.5281/zenodo.10041488.
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<strong>This study empirically explores the effect of risk asset quality through the non-performing loans on the financial performance of quoted deposit money banks. Data on different type of asset quality and financial performance from 2000-2020 were collected from website of the quoted deposit money banks, central bank of Nigeria reports and Nigeria stock exchange. Ordinary least square regression analysis, descriptive statistics, autoregressive distribution lag, co-integration, granger casualty, unit root test and error correction model were used in analyzing the data with the aid of E-view version 12. The study observed that non-performing loan shows a negative and significant influence on the return on asset of sampled deposit money banks in Nigeria.The study concludes byreaffirming the importance of maintaining high-quality assets for deposit money banks as poor asset quality, as indicated by a high level of NPLs, can erode the bank's profitability, and by extension, its ROE.The study recommends that the regulators and supervisory authorities need to closely monitor and address NPLs in the banking sector. High NPLs can not only affect individual bank stability but also have systemic implications for the overall health of the financial system. Regulatory frameworks that encourage prudent lending practices and the maintenance of healthy asset quality are crucial.</strong>
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Agbonma Theresa, UDENWA, SUBERU, Abubakar Adagu, and JACOB Zaccheaus. "Effect of Liquidity Risk on the Financial Performance of Quoted Deposit Money Banks in Nigeria." International Journal of Economics, Business and Management Research 07, no. 07 (2023): 54–69. http://dx.doi.org/10.51505/ijebmr.2023.7705.
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This study examines the effect of liquidity risk on the financial performance of quoted deposit money banks in Nigeria. The ratio of loans and advances to total assets and the ratio of loans and advances to total deposits were used to measure liquidity risk, while Return on Assets (ROA) was used to measure financial performance. Data were collected from the annual financial reports of each of the deposit money banks. The study utilized panel regression to analyse the data from a sample of eleven (11) quoted deposit money banks on the Nigerian Exchange Group from 2014- 2021. The results of the panel regression revealed that the loans and advances to total assets and loans and advances to deposit have a significant effect on the performance of the quoted deposit money banks in Nigeria. The study recommends that quoted deposit money banks management should diversify their loan portfolio to reduce concentration risk. By diversifying the loan portfolio, banks can spread the risk and reduce the impact of defaults on their performance. The current loans to deposit of 65% ordered by the Central Bank of Nigeria should be sustained. However, bank management should manage their deposit growth to ensure that they have sufficient funds to support their loan and advance activities. This can be achieved by setting appropriate deposit rates.
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Muotolu, Peace Chikwemma, and O. Nwadialor E. "Effect of Audit Quality on the Financial Performance of Deposit Money Banks in Nigeria." International Journal of Trend in Scientific Research and Development 3, no. 2 (2019): 923–32. https://doi.org/10.31142/ijtsrd21557.
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This study investigated the effect of audit quality on the financial performance of deposit money banks in Nigeria. The Ex post Facto research design was adopted. The Judgmental sampling was adopted to selected 14 from the 22 listed Deposit Money Banks on the Nigerian Stock Exchange. The data collected from annual reports and accounts of deposit money banks were analyzed using the simple regression and correlation analyses. Findings f revealed that Audit Committee Size ACSIZ has a positive but insignificant effect on the financial performance of deposit money banks in Nigeria. Audit Committee Independence ACIND and Audit Committee Meetings ACM both have a negative and insignificant effect on the financial performance of quoted deposit money banks in Nigeria while Auditor's Size BIG4A has a positive and statistically significant effect on the financial performance of quoted banks in Nigeria. Based on this, the study recommended among others that the management of the deposit money banks in Nigeria should employ the services of one of the big audit firms and where this is not possible, go for an audit firm whose character and integrity is beyond question. Muotolu, Peace Chikwemma | E. O. Nwadialor "Effect of Audit Quality on the Financial Performance of Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21557.pdf
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Okpala, Ngozi Eugenia, and Alphonsus Sunday Anichebe. "The Implementation of Provisions of IFRS Framework and Financial Perfomance of Banks." International Journal of Trend in Scientific Research and Development 3, no. 1 (2018): 743–51. https://doi.org/10.31142/ijtsrd19074.
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The need for global financial language gave birth to International Financial Reporting Standards IFRS . The adoption of IFRS has been argues to have changed the manner in which the financial statements are prepared, presented and reported. IFRS represents a single set of high quality, globally accepted accounting standards that can enhance comparability of financial reporting across the globe. The significant disparities between the Nigerian Statement of Accounting Standards and International Financial Reporting Standards have resulted in the Statement of Accounting Standards being regarded as outdated and incomplete as an authoritative and internationally accepted guide to the preparation of financial statements. The study however examined the extent to which Nigerian banks have implemented the provisions of IFRS frameworks. The sample comprises of fourteen quoted deposit money banks in Nigeria. Specifically, financial statement figures of 2007 - 2011 pre adoption period and 2012 - 2016 post adoption period were utilized. The study adopted the ex post facto research design. Annual panel data were collected from the financial statements and accounts of 14 deposit money banks quoted on the Nigerian Stock Exchange as well from the Securities and Exchange Commission statistical bulletin from 2007 to 2016. The findings revealed that the return on shareholders' funds has improved since implementation of International Financial Reporting Standards IFRS on Nigerian banks. IFRS implementation has significant effect on the profitability of quoted banks in Nigeria. The implementation of International Financial Reporting Standards IFRS has significantly influenced banks' earnings and it was concluded that IFRS has positive impact on equity and earnings of banks. It was recommended that government and regulatory authorities should organize more quality training to get bankers informed. Okpala Ngozi Eugenia | Anichebe Alphonsus Sunday "The Implementation of Provisions of IFRS Framework and Financial Perfomance of Banks" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-1 , December 2018, URL: https://www.ijtsrd.com/papers/ijtsrd19074.pdf
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O., Adebowale, and Jamiu A. A. "Factors Affecting Share Performance of Quoted Deposit Money Banks in Nigeria." African Journal of Accounting and Financial Research 7, no. 1 (2024): 23–34. http://dx.doi.org/10.52589/ajafr-zcubx5oq.
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The study examined the factors affecting share performance of quoted deposit money banks in Nigeria. The study adopted ex-post facto research design, and the population of the study consisted of all deposit money banks quoted in Nigeria as at 31st December, 2022. However, nine (9) banks were selected as sample size using a judgmental sampling technique. Data for the study were obtained from the annual reports and accounts of the nine (9) deposit money banks for the period of 10 years ranging from 2013-2022. The study used the OLS regression model as a technique of data analysis. The study found that earnings per share has a significant positive effect on market price per share. Meanwhile, dividend per share and price earnings ratio have an insignificant positive effect on market price per share, while book value per share has an insignificant negative effect on market price per share of quoted deposit money banks in Nigeria. The study recommends that corporate organizations, particularly corporate companies, should develop and implement strategies that will help improve their earnings per share, dividend per share and price earnings ratio in order to increase their share performance in the market.
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Oyidih, John Abuh. "Effect of Board Religion Diversity on Financial Performance of Quoted Deposit Money Banks in Nigeria." International Journal of Research and Scientific Innovation X, no. XI (2023): 466–80. http://dx.doi.org/10.51244/ijrsi.2023.1011039.
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The effect of board diversity, like, gender, ethnicity, etc on financial performance have been widely studied. However, very few research have been carried out in the area of the the effect of religion diversity on financial performance. This study examines the effect of board religion diversity on financial performance of quoted deposit money banks in Nigeria. The population comprises of all the deposit money banks in Nigeria while thirteen (13) quoted deposit money banks were sampled based on their being listed on the Nigerian Exchange Limited all through the study period of 2010 to 2021. The data were analyzed using Shapiro-Wilk Normality, Pearson correlation, Heteroskedasticity Breusch-Pagan Test and Breusch-Pagan Lagrangian Multiplier Test while hypotheses were tested using Pooled Ordinary Least Square regression model. The results show that religion diversity (RD) has a significant positive effect on financial performance (proxied by return on assets (ROA)) of quoted deposit money banks in Nigeria for the period under review. The study recommends that the regulators – Central Bank of Nigeria (CBN) and boards of deposit money banks in Nigeria should encourage different religious practices on the boards of banks to enhance their financial performance in Nigeria.
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Rozhentsova, Elena V., Anastasiia D. Saltykova, and Tatyana М. Devyatkova. "Unallocated Metal Accounts in Russia: Determinants of Quoted Bid-Ask Spreads." Financial Journal 13, no. 1 (2021): 93–106. http://dx.doi.org/10.31107/2075-1990-2021-1-93-106.
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Due to economic instability there has been an increase in demand for unallocated metal accounts offered by Russian commercial banks since April 2020. Although opening unallocated metal accounts gives banks an opportunity to expand the range of their products, diversify income, attract new clients and retain old ones, most Russian banks do not provide such services. For those, it is important to understand the determinants of bid-ask spreads (the difference between the quoted metal bid and ask prices), since the demand for unallocated metal accounts and the bank’s income from this service depend on the bid-ask spread. The purpose of this paper is to investigate the main determinants of quoted bid-ask spreads on unallocated metal accounts in commercial banks. Multiple regression models are applied for the period from October 2017 to May 2020. There are very few articles on the determinants of quoted bid-ask spreads on unallocated metal accounts; for this reason the paper is based on the results of studies of bid-ask spreads in other markets. Based on recent theoretical results, which indicate that bid-ask spreads depend on price volatility, we confirm this hypothesis on unallocated metal accounts. Moreover, we reveal that banks’ assets and the share of state participation influence bid-ask spreads on unallocated metal accounts in commercial banks. It is also proven that bid-ask spreads for unallocated metal accounts in gold are, on average, lower than those for palladium, platinum and silver.
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Lucky, Lucky Anyike, and Akobundu Charles Echewodo. "Prime Equity, Leveraged Structure and Corporate Earnings in Nigeria: A Comparative AnalysisPrime Equity, Leveraged Structure and Corporate Earnings in Nigeria: A Comparative Analysis." Australian Finance & Banking Review 1, no. 1 (2017): 26–40. http://dx.doi.org/10.46281/afbr.v1i1.72.
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This study examined prime equity, leveraged structure and corporate earnings in Nigeria. The objective was to examine if equity value and debt equity ratio have relationship with earnings per share of quoted deposit money banks. Earnings per share were modeled as the function of equity value and debt equity ratio. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. The study found that 74.2% and 66.7% variation on earnings per share can be traced to equity value. The β coefficient indicates that of equity value has positive impact on earnings per share, while Debt equity ratio on of deposit money banks can explain 68.9% and 59.9% variation. The β coefficient proves that debt equity ratio have positive impact on earnings per share of the quoted deposit money banks. From the above results we conclude that equity value have greater impact on earnings per share than debt equity ratio. We recommend that management should ensure optimal capital structure of the quoted deposit money banks.
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Jacob, Gabriel. "LOAN PORTFOLIO QUALITY AND EFFICIENCY OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA." International Journal of Economics Finance & Management Science 08, no. 05 (2023): 05–09. http://dx.doi.org/10.55640/ijefms-9123.
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This article investigates the relationship between loan portfolio quality and efficiency among quoted Deposit Money Banks (DMBs) in Nigeria. The study analyzes data from financial statements of selected banks to assess loan portfolio quality using metrics such as non-performing loan ratio, loan loss provision ratio, and loan recovery rate. Efficiency is measured through indicators like cost-to-income ratio, return on assets, and return on equity. The findings reveal variations in loan portfolio quality and efficiency among the sampled banks, emphasizing the importance of robust credit risk management practices and efficient resource allocation. The article underscores the need for improved loan portfolio quality to enhance bank efficiency, financial stability, and economic growth
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Onovo, Chukwuebuka Victor, Prof Uche Lucy Onyekwelu, and Prof Chike Nwoha. "Effect of Corporate Charcteristics on Triple Bottom Line Reporting of Quoted Commercial Banks in Nigeria." International Journal of Research and Innovation in Social Science VII, no. VII (2023): 150–66. http://dx.doi.org/10.47772/ijriss.2023.70710.
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The study investigated effect of ‘corporate characteristics (cc) measured by Firm Size (FS), Firm Age (FA) and Firm Leverage (FLEV) on Triple Bottom Line Reporting measured by Environmental Bottom Line Reporting (EBLR), Social Bottom Line Reporting (SBLR) and Return on Assets (ROA)’. An ex-post facto research design approach was adopted for the study. The population of the study comprises of 13 quoted commercial banks in Nigeria. The study used panel data from the period of eleven (11) years (2006-2015) and 13 quoted commercial banks were chosen as the sample size using purposive sampling technique. The study utilized secondary data obtained from the annual reports of quoted commercial banks listed on the Nigerian Stock Exchange (NSE) for the period 2010-2020. Content analysis was applied in measuring disclosure, descriptive statistics and panel regression Analysis using Eview version 8 was applied in testing hypotheses. The study result revealed that there was positive (t-statistics, 0.380644) but non-significant (p-value, 0.7040) effect of Firm Size on Environmental Bottom Line Reporting (EBLR) of commercial banks. Also there was a negative (t-statistics, -1.239531) but non-significant (p-value, 0.2172) effect of Firm Age (FA) on SBLR quoted commercial banks. Finally there was a positive (t-statistics, 3.131350) but significant (p-value, 0.021) association between Firm Leverage (FLEV) and ROA. This implies that the level of environmental & social performance and reporting does not depend on the size or age of company. Based on the findings, the study recommended among others, that the Central Bank Nigeria and those charged with governance in commercial banks should initiate policies to improve sustainable social and environmental performance practices especially in the area of afforestation, erosion control, mother – child health care and pandemic sensitization and support.
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Eriabie, Sylvester, and Eyesan Leslie Dabor. "Audit quality and Earnings Management in Quoted Nigerian Banks." Journal of Accounting, Finance and Auditing Studies 3, no. 1 (2017): 1–16. https://doi.org/10.56578/jafas030101.
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Akinwunmi, Adeboye, and Akinwumi Akinola. "Dividends Policy and Market Value of Shares In Selected Quoted Deposit Money Banks in Nigeria." International Journal of Management Sciences and Business Research 8, no. 8 (2019): 01–11. https://doi.org/10.5281/zenodo.3510062.
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This study examined the relationship between dividend policy and market value of shares of quoted deposit money banks in Nigeria in relation to the restrictions of dividend payments as spelt out in Section 17 of the Banks and Other Financial Institutions Act (2007). The objectives of the study were: to ascertain the relationship between dividend payout ratio, earnings per share, profit after tax and market value of shares. The Study was predicated on dividend relevance theory and irrelevance theory of dividend. The panel data research design methodology was adopted using secondary data. The secondary data were obtained from annual reports of the ten quoted deposit money banks. The multiple regression, i.e. Panel Least Square method, was used to test the relationship between the variables for the period 2001-2017. The result showed that dividend policy has a significant positive impact on market value of shares of deposit money banks in Nigeria, implying that all variables relating to dividend policy in the study under the period specified contributed positively and strongly to the market value of shares of deposit money banks listed in the Nigerian Stock Exchange. The study concluded that dividend policy is a pertinent corporate finance function and financial policy decision which affects the market value of shares of deposit money banks in Nigeria. The study, therefore, recommended that management of quoted deposit money banks should take all necessary steps to ensure that they remain profitable. They should pay attention to their dividend payout in order to sustain their shareholders' wealth and attract prospective investors
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Adeboye, Akinwunmi, and Akinwumi Olusegun Akinola. "Dividends Policy and Market Value of Shares In Selected Quoted Deposit Money Banks in Nigeria." International Journal of Management Sciences and Business Research 8, no. 9 (2019): 01–11. https://doi.org/10.5281/zenodo.3614818.
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<em>This study examined the relationship between dividend policy and market value of shares of quoted deposit money banks in Nigeria in relation to the restrictions of dividend payments as spelt out in Section 17 of the Banks and Other Financial Institutions Act (2007). The objectives of the study were: to ascertain the relationship between dividend payout ratio, earnings per share, profit after tax and market value of shares. The Study was predicated on dividend relevance theory and irrelevance theory of dividend. The panel data research design methodology was adopted using secondary data. The secondary data were obtained from annual reports of the ten quoted deposit money banks. The multiple regression, i.e. Panel Least Square method, was used to test the relationship between the variables for the period 2001-2017. The result showed that dividend policy has a significant positive impact on market value of shares of deposit money banks in Nigeria, implying that all variables relating to dividend policy in the study under the period specified contributed positively and strongly to the market value of shares of deposit money banks listed in the Nigerian Stock Exchange. The study concluded that dividend policy is a pertinent corporate finance function and financial policy decision which affects the market value of shares of deposit money banks in Nigeria. The study, therefore, recommended that management of quoted deposit money banks should take all necessary steps to ensure that they remain profitable. They should pay attention to their dividend payout in order to sustain their shareholders' wealth and attract prospective investors.</em>
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Osho, Augustine Ejededawe Ph.D. and, and Olalekan Emmanuel Adelalu. "Monetary Policy and Financial Performance of Quoted Deposit Money Banks in Nigeria." International Journal of Business Management and Technology 4, no. 5 (2023): 01–12. https://doi.org/10.5281/zenodo.7668581.
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This study examined the effect of monetary policy and financial performance of deposit money banks in Nigeria.Ex-post facto research design was adopted to examine how monetary policy variables affect financial performance measured by return on assets in selected Nigerian deposit money banks over a period of 15 years (2005- 2019). The Study is established on Quantity of Money Theory. Multiple regressionswere used to estimate the joint and individual effects of monetary policy variables measured by exchange rate, monetary policy rate and maximum bank lending rate onreturn on assets. The study revealed that the endogenous variables were significantly related with the dependent variable (return on assets). Thus, these independent variables strongly have an impact on the financial performance of deposit, money banks in Nigeria measured by return on assets. It is concluded that monetary policy instruments have been effective for deposit money banks by inducing higher savings, increasing credit supply, stimulating investment which helps these banks to generate higher levels of profitability. Therefore, the Study recommended that the Government should also consistently adopt monetary policies that will help Nigerian banks to improve on their profitability and also there is a need to strengthen monetary policy rate through effective and efficient regulatory and supervisory framework
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ADESANYA, Adewale Abdul, and Joshua Adewale ADEJUWON. "Dividend Policy Decisions and Share Price Volatility of Deposit Money Banks in Nigeria." Journal of Economics, Finance And Management Studies 07, no. 07 (2024): 4762–71. https://doi.org/10.5281/zenodo.13148526.
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Dividend policy and Share price movements are critical decision areas, which are one of the most important financial policies decision, not only from the viewpoint of financial institutions, but also from that of the shareholders and other stakeholders. This Thesis examined the impact of dividend policy and share price volatility of quoted deposit money banks in Nigeria in relation with the restriction of dividend payments as spelt out in Section 17 of the Banks and Other Financial Institutions Act (2007). The objectives of the study were: to ascertain the relationship between dividend pay-out ratio and earnings per share; profit after tax; and market value of shares. The panel data research design methodology was adopted using secondary data. It was obtained from annual reports of the ten quoted deposit money banks. The multiple regressions and Least Square method was used to test the relationship between the variables for the period 2018-2022. The results showed that dividend policy decision has a positive significant impact on share price of deposit money banks in Nigeria (coefficient of Dyield = -3.0365, p-value = 0.035). The study concluded that dividend policy is a pertinent corporate finance function and financial policy decision which affects the share price of deposit money banks in Nigeria not only from the view point of the banks’ shareholders but also from that of stakeholders such as employees and regulatory bodies. The study therefore recommended that the managements of quoted deposit money banks should take necessary steps to ensure that the banks remain profitable. They should pay attention to their dividend pay-out in order to sustain their shareholders' wealth and attract prospective investors.
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Ukpong, Eno G., and Iniabasi Essien. "Credit Risk and Financial Performance of Quoted Commercial Banks in Nigeria." AKSU Journal of Administration and Corporate Governance 2, no. 4 (2022): 94–111. http://dx.doi.org/10.61090/aksujacog.2022.041.
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This study determined the relationship between credit risks and the financial performance of quoted commercial banks in Nigeria. The credit risk variables studied were exchange rate, interest rate and liquidity rate. Financial performance was measured using return on assets. The research design employed in this study was the Ex-post facto research design. The population comprised the top 10 commercial banks in Nigeria as of December 2021 with updated financial statements up to 2021. The banks were ranked in terms of assets. The study covered a period of five years - 2017 to 2021. The study utilized secondary data that were extracted from the annual report and accounts of the commercial banks. Descriptive statistics were used to summarize the mean, median, standard deviation, maximum and minimum mean values of the study variables. Regression analysis was used to analyze the research hypotheses. The findings of the study revealed a significant relationship between liquidity ratios and financial performance, but no significant relationship between exchange rate, interest rate and financial performance. As the exchange rate and interest rate rose, the return on assets reduced. The study concluded that high interest rates have a negative effect on bank performance. It was recommended that banks should mitigate credit risks by using appropriate risk management strategies through forwards, futures, swaps, options, and insurance as well as securitization techniques.
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Okeke, Ifeanyi V., and Francis N. Udeh. "Effect of Intellectual Capital on the Profitability of Nigerian Deposit Money Banks." International Journal of Trend in Scientific Research and Development 4, no. 3 (2020): 146–58. https://doi.org/10.5281/zenodo.3892456.
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This study assessed the effect of intellectual capital on the profitability of Nigerian deposit money banks. The specific objectives are To ascertain the effect of Structural Capital Efficiency SCE on the profitability of Nigerian deposit money banks to determine the effect of Human Capital Efficiency Coefficient HCE on the profitability of Nigerian deposit money banks and to examine the effect of Capital Employed Efficiency Coefficient CEE on the profitability in Nigerian deposit money banks. The study adopted Ex post Facto research design. The study used sample of fifteen 15 Nigerian deposit money banks quoted on the Nigerian Stock Exchange from 2010 to 2018 The data for the study was collected from annual reports and accounts of the deposit money banks quoted on the Nigerian Stock Exchange. Regression analysis was employed to test the formulated hypotheses with the aid of e view version 9.0. The study revealed that Structural Capital Efficiency SCE has positive significant effect on the profitability of Nigerian deposit money banks. The study also revealed that Human Capital Efficiency Coefficient HCE has positive effect on the profitability of Nigerian deposit money banks, but is not statistically significant. In addition, Capital Employed Efficiency Coefficient CEE has positive effect on the profitability of Nigerian deposit money banks, but is not statistically significant. The study therefore recommended among others that Banks in Nigeria especially the Deposit Money Banks should adopt an intellectual capital strategy. This can be done by banks adding the position of Chief Intellectual Capital Management Officer CICMO on their organizational chart to help in structuring relevant strategies and policies on how to obtain and best utilize the required resources underlying IC. Okeke, Ifeanyi V | Udeh Francis N "Effect of Intellectual Capital on the Profitability of Nigerian Deposit Money Banks" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30333.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/30333/effect-of-intellectual-capital-on-the-profitability-of-nigerian-deposit-money-banks/okeke-ifeanyi-v
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Amodu, Oluwaranti Abiodun, and J. K. J. Onuora. "Credit Risk Management and Market Performance of Quoted Deposit Money Banks in Nigeria." IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH 9, no. 3 (2023): 33–53. http://dx.doi.org/10.56201/ijbfr.v9.no3.2023.pg33.53.
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This study investigated the effect of credit risk management on market performance of deposit money banks in Nigeria. Market performance was used as dependent variable proxy as net assets per share while management quality ratio, capital adequacy ratio, sensitivity to market ratio, credit to deposit ratio and asset quality ratio were used as independent variables. A sample of 12 deposit money banks were used for the period of ten years spanning 2012 to 2021. The study employed ex-post facto and longitudinal research design. The secondary sources of data were collected from annual reports of the selected deposit money banks and five (5) specific objectives and hypotheses were subjected to some preliminary data tests like descriptive statistics, Pearson correlation analysis and Variance Inflation factor (VIF) were analyzed using panel regression analysis. Using a sample of 120 banks-year observations, the result revealed that management quality ratio, credit to deposit ratio and asset quality ratio have negative and statistically significant effect on market performance proxy as net assets per share of deposit money banks in Nigeria which was statistically significant at 5% level of significance. Conversely, Capital adequacy ratio and sensitivity to market ratio was found to have positive but non-significant effect on market performance of deposit money banks in Nigeria. Based on the findings above, the study recommends among others, that managers of Banks in Nigeria should enhance their management quality and capacity in credit analysis to reduce the risk of default in repayment as this will stem the cyclical nature of net assets per share and increase their market performance. Moreover, adequate provision against loan loss should be made and Nigeria banks should adopt an aggressive deposit mobilization to increase credit availability and develop a reliable credit risk management strategy with adequate punishment for loan payment defaults. The st
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Ezejiofor, Raymond A., and Felix E. Erhirhie. "Effect of Audit Quality on Financial Performance Evidence from Deposit Money Banks in Nigeria." International Journal of Trend in Scientific Research and Development 2, no. 6 (2018): 1235–44. https://doi.org/10.31142/ijtsrd18867.
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This study investigates the effect of audit quality on the financial performance of deposit money banks in Nigeria. The study adopted ex post facto research design, data for the study were collected from annual reports and accounts of quoted Nigerian deposit money banks. Regression analysis and coefficient correlation were employed to test the formulated hypotheses. Findings revealed that there is a significant effect between audit quality and financial performance of Nigerian deposit money banks. Based on this, the study recommends among others that the management of deposit money banks in Nigeria should increase the number of foreign directors that have skills, experience and would like to protect their integrity, reputation and professional competence. Ezejiofor, Raymond A. | Erhirhie, Felix E. "Effect of Audit Quality on Financial Performance: Evidence from Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-6 , October 2018, URL: https://www.ijtsrd.com/papers/ijtsrd18867.pdf
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Ogbonnaya, Amah Kalu, and Basil, C. Amauwa. "Risk Management Committee and Financial Reporting Quality: Evidence from Quoted Deposit Money Banks in Nigeria." IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH 9, no. 4 (2023): 42–52. http://dx.doi.org/10.56201/ijbfr.v9.no4.2023.pg42.52.
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The study investigated the extent to which presence of Risk Management Committee has exerted influence on Financial Reporting Quality of money Deposit Banks in Nigeria. A total of 10 money deposit Banks were selected for the study. Time series data were obtained from annual report of the money deposit Banks from 2006-2019 Accruals model was used to compute the proxy for financial reporting quality, while risk management committee is calculated by the number of people on the committee board. Regression analysis was used to analyse the data. The study indicate that risk management committee has impact on Financial reporting quality of Money deposit Banks in Nigeria. The study therefore concludes that the Risk management committee should be given upper hand to critically scrutinize investments before the banks invest in them, as most of the portfolios that the Banks carry out are heavily risky in nature. The study recommends that Nigeria secturies and Exchange commission should strengthen it regulation to ensure full compliance since it only 64% of listed Banks compliances and also for Banks to practice prudent risk management and safeguarding of their assets.
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Joseph, Benvolio, and Ironkwe U.I. "Board Composition and Firm Performance of Quoted Commercial Banks in Nigeria." GPH-International Journal of Business Management 05, no. 01 (2022): 19–40. https://doi.org/10.5281/zenodo.6748742.
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Banks world over are expected to operate within acceptable standards of governance for consistent operational performance. They depend on customer deposits, which are confidence–driven. Since the quality of governance is critical to winning and retaining customer confidence and patronage, the imperative for good governance practices in banks cannot be overemphasized. The aim of this study is to empirically explore the relationship between board composition and firms’ performance of quoted commercial banks in Nigeria. Data on different variables of board composition and firm market value from 2011-2021 were collected from the annual financial reports of all the fourteen quoted commercial banks in Nigeria. Ordinary least square regression analysis, descriptive statistics, Hausman specification test, likelihood ratio test, panel stationarity test, Lagrange multiplier test, lag length selection criterion, and panel auto-regressive distribution lag brand test was used in analyzing the data. The empirical results indicate that board composition significantly relates to firm performance, explaining about 85.1% of the total variation of firm market value. The study concludes that board composition contributes significantly to firm performance and recommends that a strong and mandatory corporate governance structure should be put in place to ensure that the board of directors consists mostly of members that are independent of the firm, both directly and indirectly.
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Gloria, Meka Azuka, and Nwadialor Eugene Okoye. "Effect of Accounting Information on Share Price of Quoted Banks in Nigeria." International Journal of Trend in Scientific Research and Development Volume-3, Issue-1 (2018): 733–42. http://dx.doi.org/10.31142/ijtsrd19073.
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Fca, Abiahu Mary-Fidelis Chidoziem,, and Amahalu Nestor Ndubuisi, PhD. "EFFECT OF TAXATION ON DIVIDEND POLICY OF QUOTED DEPOSITMONEY BANKS IN NIGERIA (2006-2015)." EPH - International Journal of Business & Management Science 3, no. 1 (2017): 1–15. http://dx.doi.org/10.53555/eijbms.v3i1.22.
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The study considers the effect of taxation on the dividend policy of banks in Nigeria. The study was set out to determinethe relationship between dividend and taxes and to find out whether taxes affect the dividends of the quoted deposit moneybanks in the Nigerian Stock Exchange from 2006 to 2015. Three specific objectives were derived. In pursuance of theobjectives of this study, ex-post facto research design was adopted. The study made use of secondary data obtained fromthe Nigeria Stock Exchange (NSE) publications, fact books, annual reports and account of the selected quoted banks. Therelevant data were subjected to statistical analysis using Pearson coefficient of correlation, and Ordinary Least Square(OLS) regression. The result of this study reveals that there is a negative significant relationship between tax and dividendpolicy. More so, that tax has statistically significant effect on dividend policy of banks. This study recommends amongstothers, that management of banks should design a dividend policy that will better the lots of shareholders and maximizethe value of the bank.
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W.A., Henry, and Justice E. "Risk Management Practices and Shareholders’ Return Using Evidence from Quoted Commercial Bank in Nigeria." African Journal of Economics and Sustainable Development 4, no. 3 (2021): 116–40. http://dx.doi.org/10.52589/ajesd-wphsgwbx.
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This study examined the effect of risk management practices on shareholders’ return of quoted commercial banks in Nigeria. Cross sectional data were sourced from financial statements of commercial banks and Central Bank of Nigeria Statistical bulletin from various years. Shareholders return was proxied by return on equity and return on assets while risk management practices were modeled by bank risk diversification, Basel risk compliance, credit monitoring and credit appraisal. Panel data methodology was employed while the fixed effects model was used as an estimation technique at 5% level of significance. Fixed effects, random effects and pooled estimates were tested while the Hausman test was used to determine the best fit of the regression model. Panel unit root and panel co-integration analysis were conducted on the study. The study found that 60 per cent variations in return on equity of the quoted commercial banks can be traced to variations in risk management practices as formulated in the regression model. The beta coefficient of the risk management practices proved that risk diversification, Basel compliance, credit monitoring and credit appraisal methods as formulated in the regression model have positive effect on return on equity of the commercial banks. In the model II, 47.6 percent variations in return on assets of the quoted commercial banks can be traced to variations in risk management practices as formulated in the regression model. The beta coefficient of the risk management practices proved that risk diversification, Basel compliance, credit monitoring and credit appraisal methods as formulated in the regression model have positive effect on return on equity of the commercial banks. The study concludes that risk management practices have a positive effect on shareholders’ return. The study recommends that commercial banks managements should ensure that all the board members and executive managements amongst other stakeholders are trained to appreciate the functions and responsibilities of credit risk management. The study recommends also that banks should ensure that their credit exposures are adequately secured through proper scrutiny of loan processing in order to identify viable projects so as to reduce loan defaults by bank customers.
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Olaniyi, Clement Olalekan, and Olufemi Bodunde Obembe. "Determinants of CEO pay: empirical evidence from Nigerian quoted banks." International Journal of Business Performance Management 18, no. 3 (2017): 327. http://dx.doi.org/10.1504/ijbpm.2017.084856.
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Olaniyi, Clement Olalekan, and Olufemi Bodunde Obembe. "Determinants of CEO pay: empirical evidence from Nigerian quoted banks." International Journal of Business Performance Management 18, no. 3 (2017): 327. http://dx.doi.org/10.1504/ijbpm.2017.10004094.
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Amahalu, Nestor Ndubuisi, Chibuike Charles Okudo, and Ezechukwu Beatrice O. "DIVERSIFICATION AND FINANCIAL PERFORMANCE OF QUOTED COMMERCIAL BANKS IN NIGERIA." International Journal of Management Studies and Social Science Research 05, no. 03 (2023): 396–406. http://dx.doi.org/10.56293/ijmsssr.2022.4651.
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Joseph, Benvolio, and Micah L.C. "Board Composition and Quoted Deposit Money Banks Profitability in Nigeria." GPH-International Journal of Social Science and Humanities Research 05, no. 01 (2022): 26–47. https://doi.org/10.5281/zenodo.6966693.
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The study evaluated the influence of board composition and profitability of deposit money banks in Nigeria over the period of 2010 - 2019. The study employed secondary data gotten from annual financial reports of 14 sampled quoted manufacturing firms. The study employed the panel stationarity test, panel regression, panel cointegration, error correction modeling, and causality. In the long run, the study observes that the board composition of the various deposit money bank is moderate and imbalanced; this can be seen from the lopsided and adverse relationship it has on the various measures of profitability despite its significant implications on them. This is most noticeable as it was observed that the board size and board independence are adversely related to firm profitability and show a negative and significant relationship to the return on assets and firm market value while displaying a positive and significant relationship with return on equity. Board member gender shows a positive and significant relationship with return on assets and firm market value while showing negatively and insignificantly relate to return on equity. Conclusively, it can be seen that overall, the level of board composition is mediocre and the significance level of the employed dimensions of board composition shows that quoted deposit money banks in Nigeria have better profitability in terms of their return on equity than in view of their return on assets and firm market value. Also, the study recommends that policymakers need to provide adequate regulation on the determination of corporate governance of the directors of listed companies; this will reduce the negative effect of ownership concentration for directors and the overbearing influence of directors in annual general meetings.
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Ogbebor, Peter I., James A. Oguntodu, and Lukman A. Osho. "Capital Adequacy and Return on Equity of Deposit Money Banks Quoted In Nigeria." International Journal of Management Sciences and Business Research 9, no. 2 (2020): 111–20. https://doi.org/10.5281/zenodo.3702238.
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<em>Financial performance in an organization demonstrates the proficient use of resources and the capacity to generate profit. This can be done through banks maintaining high return on capital and quality assets for better performance. In Nigeria, in spite of the fact that banks are highly regulated and that return on equity requirements have been in place since 1988, many banks have failed due to insufficiency of capital and mismanagement of funds. It is thus imperative to ascertain the effect of return on equity in the financial performance of quoted deposit money banks (DMBs) in Nigeria even when cognizance is taken of both critical microeconomic factors and macroeconomic variables.</em> <em>This study adopted an ex-post facto research design. The target population for this research comprised 14 quoted deposit money banks in Nigeria which were in operation within the period of ten years that ranged from 2009 and 2018 from which secondary data was collected. The study employed ordinary least square regression analysis.</em> <em>The findings of this research revealed the result showed that capital adequacy without control variables has a positive effect on financial performance using return on equity indicating that an additional increase in capital adequacy would cause return on equity to also increase by 0.165. However, it is significant since p< 0.05. The rho value showed that 3.9 % of variations in return on equity were caused by differences in the individual specific effects while the remaining 96.1 % are variables not in the model. The f statistics value of 5.669 is highly significant at the 5% significance level which showed that the overall model is statistically significant.</em> <em>The study concluded that capital adequacy is a key factor affecting the financial performance using return on equity of the Nigeria deposit money banks and is essential in measuring financial performance of financial institutions. The study, therefore, recommended that the central bank of Nigeria should effectively regulate the capital and the resources owned by the deposit money banks (DMBs) in Nigeria.</em>
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Omoyin, Taiwo. "Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria." African Journal of Accounting and Financial Research 8, no. 1 (2025): 1–15. https://doi.org/10.52589/ajafr-mzfdapi2.
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This study explores the impact of the money market on the liquidity of selected quoted banks in Nigeria, highlighting the critical role of financial intermediation in promoting economic growth. It establishes the money market's importance in facilitating short-term lending and improving banks' liquidity management, alongside the significant influence of Central Bank of Nigeria (CBN) monetary policies. Through an analysis of five banks from 2014 to 2023, the study employs a multiple linear regression econometric technique, revealing a positive correlation between banks' working capital and savings deposit rates. Conversely, it finds no statistically significant relationship between the interbank call rate and the Monetary Policy Rate (MPR), indicating that other factors may drive interbank market dynamics. The findings suggest that stable savings deposit rates bolster banks' liquidity, while the volatility in interbank call rates necessitates improved risk management strategies. The study recommends that policymakers focus on stabilizing savings deposit rates and enhancing liquidity management practices. Further research is encouraged to uncover determinants of interbank rates and their interplay with monetary policy.
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Angsoyiri, Dramani, and Anthoinette Ativor. "Potential for the Application of the Emerging Market Z-score Model in the Case of Listed Banks in Ghana." International Journal of Business, Technology and Organizational Behavior (IJBTOB) 1, no. 2 (2021): 85–97. http://dx.doi.org/10.52218/ijbtob.v1i2.13.
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The primary goal of the research is how to put into operation the emerging market (EM) Z-score model in predicting corporate failure and to evaluate financial performance through the analysis of the annual audited report of four quoted banks in Ghana. More so this research introduces the Z-score model in this sector as a tool for possible diagnostic behind financial performance and deterioration. The method used in this research is primarily based on the EM Z-score model developed by Altman. The approach used in this research is in line with previous research that upholds the Z-score model with 80 percent prediction accuracy. These previous researchers confirm that it is a robust instrument that helps in predicting and assessing the overall performance of companies financially and possible distress of corporate organizations given that it consists of numerous ratios financially which can be utilized to predict business liquidation, financial distress, and corporate failure. The method set up in this research is to study the annual report of banks quoted on the Ghana Stock Market by computing their Altman emerging market Z-score ratio for three years that is from 2016 to 2019 and comparing it with 2019 which is the current year emerging market Z-score ratio to evaluate the whole performance of the banks financially as well as the possibility of liquidation of banks quoted on the Ghana Stock Market. The research establishes that banks in Ghana should work hard on enhancing the Z-score ratios which are dragging the emerging market Z-score down to better comprehend the earlier period performance and to realize their current situation in the sector; the Z-score can be adopted by banks in Ghana as an effective and efficient assessment approach towards the financing the possible long joint venture projects encompassing Small and Medium businesses enterprises. This model was adopted by banks in Ghana as an autonomous credit hazard examination approach to appraising the financial strength and competencies of potential projects. It was ascertained from this research that the Altman emerging market Z-score ratio model is an applicable model for measuring the performance of quoted banks in Ghana. Limitation including the Ghanaian banking sector is still considered to be a small size that may have negative consequences on the maximum result of the research. Future research should be conducted towards updating coefficient value associated with every ratio in the Altman emerging market Z-score ratio model as per the inputs from the banks in Ghana
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Yakubu, Maryam Ma’aruf, Hadiza Saidu Abubakar, and Cross Ogohi Daniel. "Effect of Human Resource Management Practices on Employee Performance of Quoted Commercial Banks in Nigeria." WSEAS TRANSACTIONS ON COMPUTER RESEARCH 11 (October 9, 2023): 415–28. http://dx.doi.org/10.37394/232018.2023.11.38.
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This study analyzed the impact of human assets the board rehearses (estimated by execution evaluation, the balance between serious and fun activities variety, and progression anticipating) worker execution of cited business banks in Nigeria. The review embraced an overview research plan. The review covered 13 cited Business Banks in Nigeria. The example size of 481 was resolved utilizing Cochran's (1963) example size recipe and a helpful examining strategy was utilized to choose the respondents. An adjusted poll was utilized as the instrument for information assortment. The information gathered for the review was dissected utilizing Fractional Least Square Underlying Condition Demonstrating (PLS-SEM) in deciding the estimation, primary models, and speculations testing through SmartPLS 3.0 programming. The investigation discovered that exhibition evaluation and progression arranging affect the representative execution of cited business banks in Nigeria. While balance between serious and fun activities variety affects the representative execution of cited business banks in Nigeria. The review, in this way, reasons that presentation examination and progression arranging decidedly and altogether impact worker execution of cited business banks in Nigeria. While the balance between fun and serious activities varies decidedly yet unimportantly impacts the representative execution of cited business banks in Nigeria. Thus subsequently suggested among others cited business banks in Nigeria ought to further develop their balance between serious and fun activities variety practice via abstaining from clashing the functioning hours with representatives' hours to have powerful worker obligation to their positions.
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Abdul Karim Shaibu Alhassan, Gabriel Femi Goodwill, Idaka Sunday Egbe, and Iwara Okoi Etim. "Effect of earnings quality on efficiency of quoted deposit money banks in Nigeria." World Journal of Advanced Research and Reviews 19, no. 2 (2023): 597–606. http://dx.doi.org/10.30574/wjarr.2023.19.2.1561.
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An unqualified information on the quality of earnings of a corporate organization provides assurances of realistic expectation of its future earnings. It also serves as a tool for negotiations and valuation deals in mergers, takeovers and acquisition. The aim of this study was to find out effect of earnings quality on the efficiency of deposit money banks in Nigeria. The study employed secondary data from selected nine (9) listed deposit money banks (DMBs) with international operations authorization for ten years period spanning 2011 – 2020. Panel regression approach was adopted for the study as the data obtained was cross-sectional (i.e. Panel) such that the behavior of variables were observed over time with specific efficiency test scores derived by conducting data envelopment analysis (DEA) to decompose the model. The result of the analysis shows that there is a significant positive relationship between quality of earnings and the efficiency of Deposit Money Banks in Nigeria. The study therefore establishes that Bank earning quality is significant in predicting the efficiency and sustainability of Deposit Money Banks and therefore recommends strict ethical adherence to provisions of accounting standards with internal control monitoring safeguards mechanism for management to ensure sustainability and secured going concern.
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Agbata, Amaka Elizabeth, Chidimma Obioma Oranu, Ngozi Blessing Ndum, and Maria Nwankwoeke Eze. "EARNINGS MANAGEMENT AND FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA." Annals of the University of Craiova for Journalism, Communication and Management 8, no. 1 (2022): 75–83. https://doi.org/10.5281/zenodo.7470347.
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This study empirically investigated Earnings Management (EM) and Financial Performance of the Nigerian Deposit Money Banks (DMBs). Population comprised DMBs quoted on the Nigerian Exchange Group. Data that spanned from 2012 – 2018 were gathered from the selected quoted DMBs in Nigeria. The simple linear regression method was used in analyzing data. The research findings disclosed significant effect of EM on DMBs' financial measures - Earnings Before Interest, Tax, Depreciation and Amortization; Dividend Pay Out Ratio; and Net Profit Margin. The study concluded that earnings management exists in DMBs and it has significant negative and positive effects on their financial performance.
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Magaji, Adamu, Monday Samuel Okolo, and Lawal Ibrahim. "AUDIT QUALITY, GOVERNANCE MECHANISMS AND EARNINGS MANAGEMENT OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA." Gusau Journal of Accounting and Finance 1, no. 1 (2020): 26. http://dx.doi.org/10.57233/gujaf.v1i1.14.
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Corporate failures across the globe have become an issue of concern for stakeholders andregulators. Financial reporting scandals that occurred in oceanic bank, intercontinental bank andthe recent bank crises of Skye Bank in 2016 really motivated the need for this study. The studyexamines audit quality, governance mechanism and earnings management of listed deposit moneybanks in Nigeria for the period of eleven years from 2009-2019. The population of the study consistsof all the 14 listed deposit money banks in Nigeria as at 31st December, 2019. The study adoptedexpo-factor and correlation research designs, and multiple regression was employed as techniqueof data analysis. The findings of the study revealed that audit independence, managerial ownershipand board independent have significant negative impact on earnings management of quotedNigerian banks while auditor size and audit tenure have insignificant influence on earningsmanagement of listed deposit money banks in Nigeria. In line with the findings, the study thereforeconcluded that audit independence, managerial ownership and board independence havesignificant negative impact on earnings management of banks in Nigeria while audit firm size andaudit tenure have no significant impact on earnings management of listed deposit money banks inNigeria. It is therefore recommended that Nigeria listed deposit money banks should maintain theaudit fees they are paying to the audit firm or increase it as any attempt to reduce the audit fees canincrease earnings management. However managerial shareholding should be increase as it willreduce earnings management and also board independent directors on the board should beincreased from minimum of two as it will reduce earnings management of listed deposit moneybanks in Nigeria on the other hand there is no significant impact between audit firm tenure andaudit firm size on earnings management of listed deposit money banks in Nigeria. For audit firmsize the study recommended that local audit firms should be used instead of the Big 4 as the size have no effect on earnings management. Also the study recommended that for audit tenure the bankshould maintain its audit tenure as it does not have any influence on earnings management.
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Oyidih, John Abuh. "Effect of Board Gender Diversity on Financial Performance of Quoted Deposit Money Banks in Nigeria." International Journal of Research and Scientific Innovation X, no. XI (2023): 442–56. http://dx.doi.org/10.51244/ijrsi.2023.1011037.
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The monitoring role of the board of directors is a critical corporate governance and control mechanism, especially in countries like Nigeria where external control mechanisms are less well developed. This study examines the effect of gender diversity on financial performance of listed deposit money banks in Nigeria. The population comprises of all the deposit money banks in Nigeria while thirteen (13) listed deposit money banks were sampled, based on their being listed on the Nigerian Exchange Limited from the period 2010 to 2021. The data was analysed using Shapiro-Wilk Normality, Pearson correlation, Heteroskedasticity Breusch-Pagan Test, Hausman specification test and Breusch-Pagan Lagrangian Multiplier Test while hypotheses were tested using robust random effect regression model. The results show that gender diversity (GD) has a significant positive effect on financial performance of listed deposit money banks in Nigeria for the period under review. The study recommends that the owners and regulators of deposit money banks in Nigeria should increase the numberof women gender on their boards to about 45% to enhance their financial performance.
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Arbolino, Roberta, Raffaele Boffardi, Konstantinos Kounetas, Ugo Marani, and Oreste Napolitano. "Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks." Economies 12, no. 3 (2024): 58. http://dx.doi.org/10.3390/economies12030058.
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This paper investigates the impact in the short/medium term of M&As made by 14 Italian banks quoted on the stock exchange for the period 1999–2016. After dividing the banks into two groups by size and degree of internationalisation, we sought to ascertain whether different initial conditions produce different final effects. Based on three assumptions, supported by three separate econometric approaches, our empirical analysis shows that the stronger banks increased their competitiveness while the weaker banks did not achieve the same results since they were motivated to grow “by desperation”.