Market Share as a Function of Board Diversity and Board Size of Selected Deposit Money Banks in Nigeria 1. Introduction Banks Success has been the focus of academic and policy debate in developed and developing economies of the world. Deposit money banks around the world have been experiencing challenges over the years in the area of survival and market share. These challenges are attributable to weak or defective corporate governance mechanisms. The nature and mode of management and application of corporate governance mechanisms go a long way to influence the success of an organization. Organizational success depends to a great extent on the mode of operations and corporate governance schemes that are existent in an organization without which leads to corporate failure or demise (Aliyu, 2016; Hamden, 2014). Developing countries of the world need to adopt an effective and more efficient corporate governance structure to solve the aforementioned problems and encourage/embrace new practices for implementing the different characteristics of corporate governance in developing economies (Mulili & Wong, 2011). In developing countries, improving corporate governance could provide and promote various important public policy objectives. For example, good CG reduces the extent of vulnerability of the developing countries to financial crises, reinforces property rights, reduces transaction costs and the cost of capital, improves firm performance, and enhances the capital market and consequently ensure success of an enterprise (Al-Matari & Al-Arussi, 2016). Therefore, the ability of the developing countries such as Nigeria to benefit from these listed advantages depends on how quickly and effectively, they can resolve their socioeconomic and political
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2025 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.