Do board characteristics and risk management disclosure have any effect on firm performance? Empirical evidence from Deposit Money Banks (DMBs) in Nigeria
Mohammed Mahmud Kakanda,,
Basariah Salim, and
Business and Economic Horizons (BEH), 2017, vol. 13, issue 4, 506-521
This study examines the relationship between board characteristics, risk management disclosure and performance of Deposit Money Banks (DMBs) in Nigeria. Data were obtained from the annual accounts and reports of the 15 DMBs listed on the Nigerian Stock Exchange (NSE) covering 2012 to 2016. For the purpose of testing the relationship between the dependent variable (return on asset [ROA]) and the explanatory variables in this study, Random Effect (RE) regression model was employed. The study finds that board size, board composition, and risk management disclosure have a significant positive effect on ROA, whereas, board meeting has a significant negative influence on ROA. Moreover, the study documents that board expertise has a negative, but an insignificant association with ROA. The finding of this study is essential to both corporate authorities and other corporate stakeholders in Nigeria. The study concludes by providing an agenda for future research in a similar domain.
Keywords: Board characteristics; risk management disclosure; firm performance; Deposit Money Banks; Nigerian Code of Corporate Governance (search for similar items in EconPapers)
JEL-codes: G G32 L25 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
https://academicpublishingplatforms.com/downloads/ ... geria_pp.506-521.pdf (application/pdf)
https://academicpublishingplatforms.com/article.ph ... mber=28&article=2417 (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:13:y:2017:i:4:p:506-521
Access Statistics for this article
Business and Economic Horizons (BEH) is currently edited by Orifjan Namozov, Ph.D.
More articles in Business and Economic Horizons (BEH) from Prague Development Center Contact information at EDIRC.
Bibliographic data for series maintained by Jaroslav Holecek ().