Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership

Perenntal corporate failures had necessitated a bail-out reform in Nigerian banking sector and also the quest for improving managerial effectiveness especially through performance measurement. Most researches concentrated on direct effect of corporate governance on firm performance despite the...

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Main Author:	Aliyu, Nuraddeen Shehu
Format:	Thesis
Language:	eng eng
Published:	2016
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/6777/1/s94362_01.pdf https://etd.uum.edu.my/6777/2/s94362_02.pdf
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id	my-uum-etd.6777
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Muhammad Jamil, Che Zuriana Mohamed, Rapiah
topic	HG Finance
spellingShingle	HG Finance Aliyu, Nuraddeen Shehu Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
description	Perenntal corporate failures had necessitated a bail-out reform in Nigerian banking sector and also the quest for improving managerial effectiveness especially through performance measurement. Most researches concentrated on direct effect of corporate governance on firm performance despite the calls for indirect path. Recent researches suggested multi-dimensional performance measurement systems (PMS) in mediating corporate governance (CG) and firm performance. Drawing upon the agency theory and the resource dependency theory, this study examines the mediating effect of performance measurement systems and moderating effect of board equity ownership in the relationship between corporate governance and bailed-out banks performance. This study used survey to 467 branches managers of bailed-out banks in Nigeria and data was analyzed using a PLS-SEM. The results indicate that board appointment, board size and female membership on board were positively related to banks performance, with the exception of board independence and audit committee quality. This study also found that all the CG variables were related to PMS and PMS is also related to banks performance. As for mediation, all the CG variables were mediated by PMS except board independence. Furthermore, the results showed that board equity ownership is a full moderator between CG (particularly for board independence and audit committee quality) and banks performance. This study concludes that the good structure of CG play a key role in improving bailed-out banks performance. Besides that the evidence indicated that bailed-out banks should also emphasize on board equity ownership and PMS to improve the effectiveness of their CG which in-turn lead to better performance. This study serves as an input to policy makers and regulators in formulating policies and strategies concerning CG. This study also contributes to the CG and PMS literature as scarce attention given on this issue in prior research.
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Aliyu, Nuraddeen Shehu
author_facet	Aliyu, Nuraddeen Shehu
author_sort	Aliyu, Nuraddeen Shehu
title	Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
title_short	Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
title_full	Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
title_fullStr	Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
title_full_unstemmed	Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
title_sort	coporate governance and nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2016
url	https://etd.uum.edu.my/6777/1/s94362_01.pdf https://etd.uum.edu.my/6777/2/s94362_02.pdf
_version_	1747828116570505216
spelling	my-uum-etd.67772021-04-05T01:54:01Z Coporate governance and Nigerian bailed-out banks' performance : the indirect effect of performance measurement system and board equity ownership 2016 Aliyu, Nuraddeen Shehu Muhammad Jamil, Che Zuriana Mohamed, Rapiah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HG Finance Perenntal corporate failures had necessitated a bail-out reform in Nigerian banking sector and also the quest for improving managerial effectiveness especially through performance measurement. Most researches concentrated on direct effect of corporate governance on firm performance despite the calls for indirect path. Recent researches suggested multi-dimensional performance measurement systems (PMS) in mediating corporate governance (CG) and firm performance. Drawing upon the agency theory and the resource dependency theory, this study examines the mediating effect of performance measurement systems and moderating effect of board equity ownership in the relationship between corporate governance and bailed-out banks performance. This study used survey to 467 branches managers of bailed-out banks in Nigeria and data was analyzed using a PLS-SEM. The results indicate that board appointment, board size and female membership on board were positively related to banks performance, with the exception of board independence and audit committee quality. This study also found that all the CG variables were related to PMS and PMS is also related to banks performance. As for mediation, all the CG variables were mediated by PMS except board independence. Furthermore, the results showed that board equity ownership is a full moderator between CG (particularly for board independence and audit committee quality) and banks performance. This study concludes that the good structure of CG play a key role in improving bailed-out banks performance. Besides that the evidence indicated that bailed-out banks should also emphasize on board equity ownership and PMS to improve the effectiveness of their CG which in-turn lead to better performance. This study serves as an input to policy makers and regulators in formulating policies and strategies concerning CG. This study also contributes to the CG and PMS literature as scarce attention given on this issue in prior research. 2016 Thesis https://etd.uum.edu.my/6777/ https://etd.uum.edu.my/6777/1/s94362_01.pdf text eng public https://etd.uum.edu.my/6777/2/s94362_02.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Abbott, L. J., Parker, S., & Peters, G. F. (2004). Audit Committee Characteristics and Restatements, 23 (1), 69-87. Auditing: A Journal of Practice & Theory. Abernathy, J. L., Herrmann, D., Kang, T., & Krishnan, G. V. (2013). 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