EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS
The central bank of Nigeria in a bid to curb the turbulence that had troubled the Nigeria banking industry for decades introduced the Codes of Corporate Governance in order to stabilize the industry and enhance the banks performances. It is against this backdrop that this study examined the effect...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2021-04-01
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| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/58 |
| _version_ | 1811241627612610560 |
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| author | Falade Samuel Shola Nyor Terzungwe Okpanachi Joshua |
| author_facet | Falade Samuel Shola Nyor Terzungwe Okpanachi Joshua |
| author_sort | Falade Samuel Shola |
| collection | DOAJ |
| description |
The central bank of Nigeria in a bid to curb the turbulence that had troubled the Nigeria banking industry for decades introduced the Codes of Corporate Governance in order to stabilize the industry and enhance the banks performances. It is against this backdrop that this study examined the effect of corporate governance codes on the return on equity of the Nigeria deposit money banks. The study used secondary data from a sample of ten banks covering eight years and employed multivariate regression techniques, ordinary least squares in the study. The study finds that corporate governance codes have an insignificant positive effect on return on equity of the selected banks. Consequently, the study recommends that corporate governance codes should be further reviewed so that they can significantly improve on profitability of deposit money banks in Nigeria.
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| first_indexed | 2024-04-12T13:38:55Z |
| format | Article |
| id | doaj.art-379a6bad37884b69ba587a4d89b79283 |
| institution | Directory Open Access Journal |
| issn | 2756-665X |
| language | English |
| last_indexed | 2024-04-12T13:38:55Z |
| publishDate | 2021-04-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj.art-379a6bad37884b69ba587a4d89b792832022-12-22T03:30:54ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2021-04-0121EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKSFalade Samuel Shola0Nyor Terzungwe1Okpanachi Joshua2Internal Control Unit, United Bank for AfricaNigeria Defence AcademyNigeria Defence Academy The central bank of Nigeria in a bid to curb the turbulence that had troubled the Nigeria banking industry for decades introduced the Codes of Corporate Governance in order to stabilize the industry and enhance the banks performances. It is against this backdrop that this study examined the effect of corporate governance codes on the return on equity of the Nigeria deposit money banks. The study used secondary data from a sample of ten banks covering eight years and employed multivariate regression techniques, ordinary least squares in the study. The study finds that corporate governance codes have an insignificant positive effect on return on equity of the selected banks. Consequently, the study recommends that corporate governance codes should be further reviewed so that they can significantly improve on profitability of deposit money banks in Nigeria. https://journals.gujaf.com.ng/index.php/gujaf/article/view/58Corporate GovernanceDeposit Money BanksReturn on Equity |
| spellingShingle | Falade Samuel Shola Nyor Terzungwe Okpanachi Joshua EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS Gusau Journal of Accounting and Finance Corporate Governance Deposit Money Banks Return on Equity |
| title | EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS |
| title_full | EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS |
| title_fullStr | EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS |
| title_full_unstemmed | EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS |
| title_short | EFFECT OF CORPORATE GOVERNANCE CODES ON RETURN ON EQUITY OF NIGERIAN DEPOSIT MONEY BANKS |
| title_sort | effect of corporate governance codes on return on equity of nigerian deposit money banks |
| topic | Corporate Governance Deposit Money Banks Return on Equity |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/58 |
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