This study investigates the effect of leadership and ownership structure on the financial performance of deposit money banks in Nigeria over the period 2014 to 2023. The research specifically examines how key governance variables Board Size, Board Gender Composition, Managerial Ownership, foreign ownership, Corporate Risk Disclosure, influence performance indicators such as return on Assets (ROA), Net Interest Margin (NIM), and Economic Value Added (EVA). Additionally, the study incorporates three control variables: management efficiency (MEFF), Non-Performing Loans, and Regulatory. Utilizing a panel dataset of twelve (12) listed Nigerian Deposit Money Banks over ten years, the study applies panel regression techniques, including Fixed Effects, Random Effects, and robust standard errors, to address heteroskedasticity and cross-sectional dependence. The findings reveal that Board Size has a negative and significant effect on ROA and EVA, suggesting that larger boards may hinder effective decision-making. Board Gender Composition and Managerial and foreign ownership positively influence performance in some models, supporting the view that diversity and insider alignment can enhance firm outcomes. Corporate Risk Disclosure consistently shows a strong positive relationship with all three performance measures, indicating the value of transparency in improving stakeholder confidence. The study contributes to the literature by providing empirical evidence from an emerging market and offers practical insights for regulators, bank management, and policymakers on the role of corporate governance in enhancing financial stability.
Board size, board gender composition, managerial ownership, foreign ownership, corporate risk disclosure, financial performance
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