Effect of Corporate Governance Structure on Performance of Domestic Money Banks in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.1(2)2021.009Keywords:
Corporate Governance, Firm Performance, Money deposit bankAbstract
This paper examines the influence of corporate governance structure on performance of money deposit banks in Nigeria. Both primary and secondary data were employed and the population consists of 20 money deposit banks, registered by Nigerian Stock exchange as at 31 January 2002. The instruments were validated using cobalt-alpha test. The study concluded that the board composition has no significant effect on performance of banks also higher board size would significantly reduce finance decision of the banks which could affect the overall profit on the long run. This study recommends that board members should adhere strictly to commercial banks prudent guidelines, also the number of individual board members should be reduced.
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