Firm’s Attribute and Performance of Deposit Money Banks

Olusola E. Olowofela (), Abiola M. A. Tonade () and Benjamin O. Lisoyi ()
Additional contact information
Olusola E. Olowofela: Department of Banking & Finance, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria
Abiola M. A. Tonade: Department of Accounting, College of Arts, Social & Management Sciences, CrescentUniversity, Abeokuta, Ogun State, Nigeria
Benjamin O. Lisoyi: School of Management, Information Technology and Governance, University of Kwazulu-Natal Durban, South Africa

Business & Management Compass, 2021, issue 2, 207-219

Abstract: This study investigates the impact of firm attributes on the financial performance of deposit money banks in Nigeria’s financial sector. The scope of this research covered the period 2007 – 2018 using audited financial statements and reports of nine (9) deposit money banks listed on the Nigerian Stock Exchange. The results revealed that bank liquidity has significant negative effect, while bank growth has insignificant negative effect on financial performance. On the other hand, bank size and leverage have insignificant positive effect on the financial performance of banks. It is recommended that banks should pay attention to liquidity management and use this to enhance performance. Also, the management of banks should endeavor to make use of their growth opportunities optimally.

Keywords: Deposit Money Banks; Financial Performance (search for similar items in EconPapers)
JEL-codes: G02 G21 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://journal.ue-varna.bg/uploads/20210603065651_192108288860b87d33eab7e.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrn:journl:y:2021:i:2:p:207-219

Access Statistics for this article

Business & Management Compass is currently edited by Julian Vasilev

More articles in Business & Management Compass from University of Economics Varna Contact information at EDIRC.
Bibliographic data for series maintained by Yana Doneva ().