Mission Statement and Bank Performance: Evidence from Nigerian Banking Industry

Idris Adegboyega Onikoyi and Olawumi Dele Awolusi

International Journal of Management Sciences, 2014, vol. 4, issue 7, 290-297

Abstract: This study examines the relationship between mission statement and banks performance. The sample for this study consists of 11 banks from Nigerian banking industry. The secondary data was adopted for this study. The data analysed were collected from audited financial accounts of selected eleven banks listed on the floor of Nigerian Stock Exchange from 2002 to 2010. We used Simple Linear Regression to determine the behaviour of the variables and to check the effect of mission statement on banks performance. The F test carried out for the model revealed that Ï value of 0.372 is greater than α of 0.05. The analysis carried out revealed that there was no significant relationship between Mission Statement and Bank performance.

Keywords: Mission statement; Bank performance; Banking; Nigeria (search for similar items in EconPapers)
Date: 2014
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