UNIZIK JOURNAL OF BUSINESS 3(2) 2020 DOI: 10.36108/unizikjb/0202.30.0220
CORPORATE GOVERNANCE AND BANK PERFORMANCE IN NIGERIA: AN EMPIRICAL INVESTIGATION
Jude Jisike Okonkwo
Nnamdi Azikiwe University, Awka
Bernard Chukwuebuka Azolibe
Nnamdi Azikiwe University, Awka,
The prevalent issue of manipulation and abuse among Nigerian banks necessitated this study. Thus, this research study extensively the effectiveness of corporate governance in Nigerian banks for the period 2006-2018. The study adopted secondary time series data obtained from annual reports of banks, publications of the Central Bank of Nigeria and Nigeria Stock Exchange annual reports and factbook. A diagnostic test was conducted to ensure that the models are in line with basic econometric assumptions. The granger causality test was applied to examine the effect of the independent variable on the dependent variable. The findings show that corporate governance has a significant effect on performance. It recommends an optimum proportion of outside directors for effective governance impacting performance positively.
Keywords: Corporate governance, effectiveness, performance, Nigerian banks