Corporate governance as a mechanism for measuring financial performance of banks in Nigeria

The issue revolving around corporate governance and financial performance has always been an essential and critical element for banking sector in Nigeria. Good corporate governance practices are regarded as important in reducing risk for investors, attracting investment capital and improving perfor...

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Main Author:	Ado, Abdullah Balo
Format:	Thesis
Language:	eng eng
Published:	2016
Subjects:	HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/6186/1/s817183_01.pdf https://etd.uum.edu.my/6186/2/s817183_02.pdf
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id	my-uum-etd.6186
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Shafie, Rohami
topic	HF5601-5689 Accounting
spellingShingle	HF5601-5689 Accounting Ado, Abdullah Balo Corporate governance as a mechanism for measuring financial performance of banks in Nigeria
description	The issue revolving around corporate governance and financial performance has always been an essential and critical element for banking sector in Nigeria. Good corporate governance practices are regarded as important in reducing risk for investors, attracting investment capital and improving performance. Precisely, this study investigates the relationship between the corporate governance mechanisms (CEO tenure, board size and the audit committee size) and return on assets (ROA) was chosen as a measure of financial performance. Moreover, this study used firm size, leverage, bank age and management change as control variables. Furthermore, the research made use of secondary data obtained from the annual reports of twenty-one (21) banks listed in the Nigeria Stock Exchange for the year 2006 to 2009. The model of this study was theoretically found on the agency theory. In analyzing the data, this study utilized the panel data methodology on 21 banks with 68 observations. Based on the panel data results, the random effect model was used to examine the effect of the predictors on the financial performance measured by ROA. In Nigerian banks, the result indicates that the relationship between CEO tenure and ROA is positively significant. This study further found that the relationship between board size and ROA is positively insignificant. In addition to that, this study found that the relationship between audit committee size with ROA is negatively insignificant. Also, this study found that the relationship between firm size and ROA is negatively significant while the relationship between leverage, bank age and ROA were found to be positively significant. Finally, the outcome of the relationship between management change and ROA is positively insignificant. Besides providing suggestions for future research work, this study provides several recommendations for regulators and the Nigerian banking industry.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Ado, Abdullah Balo
author_facet	Ado, Abdullah Balo
author_sort	Ado, Abdullah Balo
title	Corporate governance as a mechanism for measuring financial performance of banks in Nigeria
title_short	Corporate governance as a mechanism for measuring financial performance of banks in Nigeria
title_full	Corporate governance as a mechanism for measuring financial performance of banks in Nigeria
title_fullStr	Corporate governance as a mechanism for measuring financial performance of banks in Nigeria
title_full_unstemmed	Corporate governance as a mechanism for measuring financial performance of banks in Nigeria
title_sort	corporate governance as a mechanism for measuring financial performance of banks in nigeria
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2016
url	https://etd.uum.edu.my/6186/1/s817183_01.pdf https://etd.uum.edu.my/6186/2/s817183_02.pdf
_version_	1747828034034991104
spelling	my-uum-etd.61862021-04-05T01:40:32Z Corporate governance as a mechanism for measuring financial performance of banks in Nigeria 2016 Ado, Abdullah Balo Shafie, Rohami Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting The issue revolving around corporate governance and financial performance has always been an essential and critical element for banking sector in Nigeria. Good corporate governance practices are regarded as important in reducing risk for investors, attracting investment capital and improving performance. Precisely, this study investigates the relationship between the corporate governance mechanisms (CEO tenure, board size and the audit committee size) and return on assets (ROA) was chosen as a measure of financial performance. Moreover, this study used firm size, leverage, bank age and management change as control variables. Furthermore, the research made use of secondary data obtained from the annual reports of twenty-one (21) banks listed in the Nigeria Stock Exchange for the year 2006 to 2009. The model of this study was theoretically found on the agency theory. In analyzing the data, this study utilized the panel data methodology on 21 banks with 68 observations. Based on the panel data results, the random effect model was used to examine the effect of the predictors on the financial performance measured by ROA. In Nigerian banks, the result indicates that the relationship between CEO tenure and ROA is positively significant. This study further found that the relationship between board size and ROA is positively insignificant. In addition to that, this study found that the relationship between audit committee size with ROA is negatively insignificant. Also, this study found that the relationship between firm size and ROA is negatively significant while the relationship between leverage, bank age and ROA were found to be positively significant. Finally, the outcome of the relationship between management change and ROA is positively insignificant. Besides providing suggestions for future research work, this study provides several recommendations for regulators and the Nigerian banking industry. 2016 Thesis https://etd.uum.edu.my/6186/ https://etd.uum.edu.my/6186/1/s817183_01.pdf text eng public https://etd.uum.edu.my/6186/2/s817183_02.pdf text eng public masters masters Universiti Utara Malaysia Aarma, A., Vainu, J., & Vensel, V. (2004). Bank Performance Analysis: Methodology and Empirical Evidence (Estonian Banking System, 1994–2002). The Journal of American Academy of Business, Cambridge, 2(2), 56–62. Abbott, L. J., Parker, S., & Peters, G. F. (2004). Audit committee characteristics and restatements. 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