Board Characteristics And Financial Performance Of Deposits Money Banks In Nigeria

Sagir Lawal (), Aliyu Abubakar Alhaji () and Ibrahim Abubakar Abubakar ()
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Sagir Lawal: Nigeria Police Academy, Postal: Wudil, https://www.afarng.org/jfafi/
Aliyu Abubakar Alhaji: Nigeria Police Academy, Postal: Wudil, https://www.afarng.org/jfafi/
Ibrahim Abubakar Abubakar: Department of Accounting Gombe State University, Postal: Tudun wada,, https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2023, vol. 8, issue 1, 109-122

Abstract: Corporate error and managerial concerns stakeholders have expressed worry about the state of the banking industry, therefore the study looked into how board characteristics affected the deposit money banks in Nigeria's financial performance. The study's data were collected from the sampled companies' annual reports and accounts for the years 2018 through 2022. Board meetings, size, and independence serve as proxies for board characteristics. With ROA, financial performance was proxied. The study's conclusions showed that board meetings and independent contractors have a small but favorable effect on ROA. Whereas board size has a negligible and adverse effect on ROA. The study recommended that in order to increase the ROA of the sampled banks, board meetings and board independence should be sufficiently maintained. In order to increase the ROA, size should be kept low.

Keywords: Financial Performance; Board Characteristics; Board independent; Board meeting; Return on Asset (search for similar items in EconPapers)
Date: 2023
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