Board Characteristics and Value of Listed Deposit Money Banks in Nigeria, Moderated by Ownership Concentration

Samaila Ishaya, Latifat Abdulsalam Abdulfatah and Onipe Adabenege Yahaya
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Samaila Ishaya: Department of Accounting, Faculty of Management Sciences, Nigerian Defences Academy, Kaduna Nigeria.
Latifat Abdulsalam Abdulfatah: Department of Accounting, Faculty of Management Sciences, Nigerian Defences Academy, Kaduna Nigeria.
Onipe Adabenege Yahaya: Department of Accounting, Faculty of Management Sciences, Nigerian Defences Academy, Kaduna Nigeria.

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 1, 4851-4868

Abstract: This study is to examine the moderating role ownership concentration of the board characteristics and financial value of listed deposit money banks in Nigeria and to fills the gap of variation in value across different banks by determining the moderating effect of ownership concentration on board characteristics represented by board size, board independence and board gender. Value measured by Tobin’ Q and Return on equity. The study adopted an ex-post factor research design. The population of the study was nine (14) deposit money banks listed on the Nigeria exchange (NGX) during the period 2014-2023. The study used (9) sample size of listed deposit money banks. Data obtained from the financial statement of sampled firms were Analyzed using random effect panel regression techniques. The result revealed that board size, gender and independence have a significant effect on relationship with value. The study recommends among others that the size of the board of direction of listed deposit money banks in Nigeria should be kept at the minimal level (5) allowed by regulations, non-executive directors should not be allowed beyond the stimulated regulations; and that the percentage of women on the board of directions of deposit money banks in Nigeria should be increased 30% as that will improve the general monitoring and thereby leading to improved financial value.

Date: 2025
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