Abstract: This study examines the impact of corporate governance on financial performance of listed deposits money Banks in Nigeria. It adopted ex post factor research design, which made the use of secondary data in ensuring that data obtained are sufficient for a reasonable conclusion. Financial performance of banks was measured using Return on Assets (ROA) and corporate governance was measured using three variables: board size, board composition and audit committee size. Partial correlation and regression was used to analyze the data using STATA version 14 and SPSS. The results showed that board size and board composition have a positive and significant impact on financial performance, while audit committee size have positive but insignificant effect on financial performance of Commercial Banks in Nigeria. It also revealed that small board size (board of directors) contributes positively and significantly to the financial performance of Commercial Banks in Nigeria. The study recommends that banks should maintain relatively small board size dominated by outside directors within the provisions of the code of corporate governance for banks but the board should comprise of members, who are conversant with oversight function and having capacity to add significant value in decision making toward achieving greater performance.
Keywords: Corporate Governance, Bank Performance, Board size, Board composition, Audit Committee size.
Title: The Impact of Corporate Governance on Financial Performance of Listed Deposits Money Banks in Nigeria
Author: Yahaya Tukur
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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