THE IMPACT OF CORPORATE GOVERNANCE VARIABLES ON NON-PERFORMING LOANS OF NIGERIAN DEPOSIT MONEY BANKS
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 11
Abstract
The objective of the study was to examine the impact of Corporate Governance variables of Board size(BS), Board Composition(BC), Composition of Audit Committee(CAC) and power separation(PS) on Non-performing Loans of Nigerian Deposit Money Banks; with a view to finding out whether there is significant impact or not. The researcher used secondary sources of data. The study examined the corporate governance variables amongst fourteen (14) quoted banks on Nigerian Stock Exchange from 2005-2011 using multivariate regression analysis. The findings showed that corporate governance variables of Board size, Board Composition, composition of audit committee and power separation have no significant impact on non-performing loans of Nigerian Deposit Money Banks. The study concluded that board size, board composition, composition of audit committee and power separation is not the reasons for the rising figure of non-performing loans of Nigerian Deposit Money Banks. Therefore, it is recommended that emphasis should be shifted from these explanatory variables (BS, BC, CAC and PS) to other corporate governance issues, such as insider abuse, transparency and accountability and so on, for further investigation.
Authors and Affiliations
Paul Aondona Angahar| Department of Accounting, Benue State University, Makurdi, Nigeria, Simon Kolawole Mejabi| Department of Accounting, Kaduna Polytechnic, Kaduna, Nigeria
Keywords
Related Articles
- EP ID EP2097
- DOI -
- Views 500
- Downloads 27
Impact of Heavy Taxation on Israel During Solomonic Era: Implications for Nigerian Tax System
Over time, the tax systems have been a major source of revenue generation for several governments. Its history dates back to Bible times. Tax therefore becomes the civic responsibility of individuals and corporate organi...
IMPACT OF CURRENCY REDENOMINATION ON INFLATION CASE STUDY TURKEY
Countries that suffer from high inflation must consequently deal with an unpractical, high price level. This problem lasts even if the country is already on the disinflation path. The solution can be found in redenominat...
A Co-integration Analysis of the Dominican Republic’s Aggregate Import Demand Function under a Floating Exchange Rate Regime
This paper presents an empirical examination of the responsiveness of aggregate imports to variations in relative prices and domestic economic activity in the Dominican Republic under a floating exchange rate regime impl...
A Study On Individual Competencies-An Empirical Study
Measuring the soft factors in economic terms is being challenged.Individual’s performances were described as competencies in order for themto performed, observed and assessed to obtain accreditation as competent.The stud...
DESIGN OF A CGE MODEL TO EVALUATE INVESTMENT IN TRANSPORT INFRASTRUCTURES: AN APPLICATION FOR IRAN
The present paper attempts to design a country scale Computational General Equilibrium (CGE) model to assessment the effects of investment in transport infrastructure. Unlike the previous studies, our model covers impact...