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All Journal International Journal of Finance Research
Maimako, Livinus Nkuri
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Economics, Econometrics & Finance Social Sciences

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Effects Of Board Characteristics On Financial Sustainability Of Quoted Nigerian Banks Maimako, Livinus Nkuri; Latiff, Ahmed Razman Abdul; Yusoff, Wan Fadzila Wan
International Journal of Finance Research Vol. 5 No. 3 (2024): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v5i3.1965

Abstract

Using Agency theory to examine the relationship between board characteristics and corporate governance financial sustainability. Board size, diversity, and independence are autonomous, but financial leverage is controlled. This study examined how board features impact Nigerian banks' financial sustainability. Stata statistical tool was used to assess how board independence, diversity, and size impact financial sustainability in a convenience sample of thirteen Nigerian banks operating on the Nigerian stock exchange from 2014 to 2020. Financial leverage-controlled board characteristics. Independent board members statistically increased long-term financial sustainability. A company's long-term financial viability may improve with a board with fewer outside demands and conflicts. Financial sustainability requires independent boards of directors. Board size did not affect financial sustainability or gender diversity. Despite their potential benefits, such as broader viewpoints and improved decision-making, board diversity and size did not significantly influence the financial sustainability of the stated Nigerian banks. Diverse boards improve decision-making and widen viewpoints. Financial leverage as a control variable influences corporate viability. Due to financial risks and volatility, high financial leverage may hurt banks' long-term existence. These studies explain how corporate governance affects a company's long-term financial survival. An independent board of directors is necessary for a bank's long-term financial sustainability. The study concluded that board size and diversity may not guarantee long-term financial sustainability. Duality, organisational scale, and their interaction must be studied to understand board traits and financial sustainability
Capital Market and Economic Growth in Nigeria: An Autoregressive Distributed Lag (ARDL) Bounds Testing Approach Gwaison, Panan Danladi; Maimako, Livinus Nkuri; Mwolchet, Pokyes Shekara
International Journal of Finance Research Vol. 1 No. 2 (2020): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/financeinvestmentderivative.v1i2.113

Abstract

The role of the capital market in the growth and development of any economy need not be over-emphasized. The capital market is a complex institution and mechanisms through which economic units desirous to invest their surplus fund, interact directly or through financial intermediaries with those who wish to procure funds for their businesses. The Nigerian capital market started operations in mid-1961 with eight stocks and equities; with about seven United Kingdom (UK) firms quoted on the Nigerian Stock Exchange (NSE) which had, at the same time, dual quotations on the London Stock Exchange. This study examined the impact of the capital market on economic growth in Nigeria from 1981 to 2018. The expo facto research design was adopted for this study. The time-series data for the study were sourced from CBN statistical bulletin. Autoregressive Distributed Lag (ARDL) was used with the aid of e-view 10 software. The ARDL Bounds test revealed the existence of a long-run relationship among the variables. The result revealed that market capitalization has positive and insignificant effects on economic growth both in the short and long run. There is unidirectional causality among the variables. The study recommended that regulatory authorities should restore confidence in the market by ensuring transparency and fair trading dealings and transactions in the market to enhance economic growth. There should be an improvement in the moribund market capitalization, by encouraging more foreign investors to participate in the market, maintain a state of the art technology like automated trading and settlement practices, electronic fund clearance, and eliminate physical transfer of shares.
Effects of Corporate Governance on Financial Performance of Commercial Banks in Nigeria Gwaison, Panan Danladi; Maimako, Livinus Nkuri
International Journal of Finance Research Vol. 2 No. 1 (2021): International Journal of Finance Research
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijfr.v2i1.244

Abstract

In most developing countries, several cases of collapses or failure in the banking sector were witnessed. Nigeria had witnessed several cases and collapsed in the banking sector. This study investigated the effects of corporate governance on the financial performance of commercial banks in Nigeria. The study used the survey research design. A secondary source of data was used for this research. The data were collected from financial statements of the five (5) commercial banks selected from the Nigerian Stock Exchange listing for fourteen financial years (2003 – 2017). The study utilized the panel Least Squares Regression Analysis as the method. The result indicated that board size had significant effects on financial performance (ROA) of commercial banks in Nigeria, board composition had significant effects on financial performance (ROA) of commercial banks in Nigeria, board gender diversity had significant effects on financial performance (ROA) of commercial banks in Nigeria, the audit committee has no significant effects on financial performance (ROA) of commercial banks in Nigeria, and board independence had significant effects on financial performance (ROA) of commercial banks in Nigeria. The study, therefore, concludes that the weak corporate governance structure in Nigeria contributed immensely to the recent crisis experienced in the Nigerian banking sector. The study recommended that banks develop and implement strategic training for board members and senior bank managers. Nigerian banks should appropriately adopt the international codes of corporate governance to meet the need of the Nigerian environment, among other recommendations.
Co-Authors Gwaison, Panan Danladi Latiff, Ahmed Razman Abdul Mwolchet, Pokyes Shekara Yusoff, Wan Fadzila Wan