Musa Bukar, Ahmed Abdulrasheed, Umar Hamidu


The study explores the effect of Board Size and Ownership Structure attributes of corporate governance on financial performance of Deposit Money Banks (DMB) financial performance in Nigeria. Panel Data were collected from the published Annual Reports of 16 quoted/listed DMB in Nigeria for the period 2011-2015. Operationalizing Return on Assets (ROA) and Return on Capital Employed (ROCE) as the dependent variables while Board Size and Ownership Structure are the independent variables. The study discovered that board size has a negative effect on both ROA and ROCE though not statistically significant and the other dependent variable of ownership structure indicate a positive effect on ROA and a negative effect on ROCE. The study therefore, recommends that regulators to developed, consolidate and review as the need arises, a robust and all-inclusive corporate governance framework.


Board Size; Ownership Structure; Return on Assets; Return on Capital Employed; Deposit Money Banks; Financial Performance

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