Corporate Governance and Financial Performance of  Banks in Nigeria

Abdullahi, Mairo; Isyaku, Mohammed Usman

doi:10.24940/theijbm/2021/v9/i7/bm2107-021

Cited by 3 publications

(3 citation statements)

References 11 publications

(12 reference statements)

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“…In contract, Abdullahi and Muhammad (2019) examined the effect of ownership structure on the financial performance of listed commercial banks in Nigeria for the period 2009-2016. This study used a sample of 13 listed commercial banks in conducting the study.…”

Section: Managerial Ownership and The Firm's Profitabilitymentioning

confidence: 99%

The Impact of Free Cash Flow on the Profitability of the Listed Industrial Goods Companies in Nigeria: The Moderating Effects of Managerial Ownership

2023

RJFA

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This study examined the moderating effects of managerial ownership on the relationship between free cash flow and the profitability of listed industrial goods companies in Nigeria. The study employed non-survey research design, using a sample size of eleven (11) companies from a total population of thirteen (13) listed industrial goods companies on the Nigerian Stock Exchange (NSE) with data extracted from the annual reports and accounts of the sampled companies for a period of eleven years from 2010 to 2020. Data was analyzed using descriptive statistics to provide a summary for the variables and correlation analysis carried out using the Pearson correlation technique. The analyses were done using STATA software version 14. The study found out that free cash flow had a significant and positive effect on profitability. On the moderating effect of managerial ownership on the relationship between free cash flow and profitability, it was found out that R 2 increased from 2.66% to 8.16% in the model when the managerial ownership was introduced and is also significantly positive. Thus, managerial ownership moderates the relationship between free cash flow and profitability. Thus, this study recommends that the managers of the sampled companies in Nigeria should use excess cash flow to generate profit rather than hold up money in anticipation of future opportunities for the ultimate betterment of the firm and shareholders. Investors should choose companies that have excess free cash flows as well as managerial ownership, which would have a positive impact on the performance of sampled companies in Nigeria.

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Section: Managerial Ownership and The Firm's Profitabilitymentioning

confidence: 99%

The Impact of Free Cash Flow on the Profitability of the Listed Industrial Goods Companies in Nigeria: The Moderating Effects of Managerial Ownership

2023

RJFA

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“…Government keeps complaining of shortfall of tax revenue from manufacturing industry, this unpleasant performance in the industry has been linked to problem of multiplicity of taxes. In the last decade, the performance of manufacturing industry has been subject to various debates among scholars due to its ability to encourage pro-poor growth (Adu, 2023).…”

Section: Introductionmentioning

confidence: 99%

Tax Obligations and Financial Performance of Listed Manufacturing Firms in Nigeria

Adu,

Oguntuase,

Williams

2024

FINTECH

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The study examined the impact of tax on the financial performance of some listed manufacturing companies in Nigeria. A simple panel and linear regression were used to analyse the data collected through secondary source. It was found out from the results of the regression analysis that probability value of the independent variable as (0.0001) is less than 5% significance level that tax had significant impact on the investment of manufacturing firms likewise tax has significant impact on the profitability of manufacturing firms. It was recommended that the government should ensure they make tax policies that would favour the manufacturing firms and not force them out of businesses which would also affect the economy as a whole.

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“…This is necessary given the critical role that microfinance institutions play in facilitating the financial inclusion drive of the CBN as well as in delivering financial services to the underserved and financially-excluded low-income households, micro-entrepreneurs, micro and small enterprises which are the engine room for the development of any economy as pointed by Ashamu (2014). The debate on the nexus between institutional governance and corporate performance has gained the attention of many scholars within and outside Nigeria (Abdullahi et al, 2017;Ajala et al, 2012;Akpan & Riman, 2012;Gadi et al, 2015;Jegede et al, 2013;Joe & Kechi, 2011;Joseph & Ahmed, 2017;Khurshed & Shahid, 2016;Osundina et al, 2016). However, the observed gap in the literature is that despite the enormity of empirical studies on the relationship between institutional governance and financial performance, few or none of these studies focused on microfinance institutions in Nigeria on the same subject matter.…”

Section: Introductionmentioning

confidence: 99%

Institutional Governance and Financial Performance in Nigeria’s National Microfinance Banks

Ayuba

Samaila

2022

jgd

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This study examines the effect of institutional governance on the financial performance of National Microfinance Banks (NMFBs) inNigeria for the period 2016 to 2021. Institutional governance was proxy by Board characteristics such as board size, board independence, board gender diversity, and audit committee size while financial performance was measured by the returns on assets (ROA). The study adopts a descriptive research design while panel multiple regression was used to test the hypotheses of the study. The study found that board size and board gender diversity have significant negative effects on financial performance while board independence and audit committee size have significant positive effects on the financial performance of the sampled banks. From the findings, the study concludes that institutional governance variables have a significant effect on the financial performance of the NMFBs in Nigeria. It is recommended that NMFBs should have a board with at least six non-executive directors to guarantee board independence. The study also recommends that an audit committee size of at least four will help to enhance the financial performance of the NMFBs.

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Corporate Governance and Financial Performance of Banks in Nigeria

Abstract: These will lead to improved corporate governance performance and bank financial performance in almost all industries, with the greatest potential to improve business results in the banking industry.

Cited by 3 publications

References 11 publications

The Impact of Free Cash Flow on the Profitability of the Listed Industrial Goods Companies in Nigeria: The Moderating Effects of Managerial Ownership

The Impact of Free Cash Flow on the Profitability of the Listed Industrial Goods Companies in Nigeria: The Moderating Effects of Managerial Ownership

Tax Obligations and Financial Performance of Listed Manufacturing Firms in Nigeria

Institutional Governance and Financial Performance in Nigeria’s National Microfinance Banks

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