African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4194

Full Length Research Paper

The effect of board size and composition on the financial performance of banks in Nigeria

Aminu Bebeji*
  • Aminu Bebeji*
  • Department of Accounting, Kaduna Polytechnic, Kaduna, Nigeria.
  • Search for this author on:
  • Google Scholar
Aisha Mohammed
  • Aisha Mohammed
  • Department of Accounting, University of Abuja, Nigeria.
  • Search for this author on:
  • Google Scholar
Muhammad Tanko
  • Muhammad Tanko
  • Department of Accounting, Kaduna State University, Nigeria.
  • Search for this author on:
  • Google Scholar


  •  Received: 19 April 2015
  •  Accepted: 06 August 2015
  •  Published: 28 August 2015

References

Adams RB, Mehran H (2008). Corporate performance, Board structure and its determinants in the Banking industry. Working Paper Presented at the EFA Moscow Meetings.
 
Ahmad SA, Tukur G (2005). Corporate governance mechanism and firms' financial performance in Nigeria. Research paper 149. African Economic Consortium. Nairobi Kenya.
 
Bank of Italy (2008). Supervisory Provisions Concerning Banks. Organization and Corporate Governance, March.
 
Beasley M S(1996). An Empirical Analysis of the Relation between the Board of Director Composition and Financial Statement Fraud. Account. Rev. 71:443-465.
 
Beasley M, Carcello J, Hermanson D, Lapides P (2000). Fraudulent financial reporting: Consideration of industry traits and corporate governance mechanisms. Account. Horizons14(4):441-454.
 
Berghe LA, Levrau A (2004). Evaluating boards of directors: What constitutes a good corporate board? Blackwell-synergy. Retrieved from http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-8683.2004.00387.x.
 
Bino A,Tomar S(2007). Corporate governance and bank performance: Evidence from Jordanian Banking Industry, Paper presented at Conference on Regulation and Competition Policy for development. Challenges and practice, 27-28 January, University of Jordan.
 
Brewer E, Jackson WE, Jagtiani JA (2000). Impact of independent directors and the regulatory environment on bank merger prices: Evidence from takeover activity in the 1990s, Unpublished working paper. Federal Reserve Bank of Chicago, IL.
 
Busta I(2007). Board effectiveness and the impact of the legal family in the European banking industry. FMA European Conference, Barcelona–Spain.
 
Conyon M, Peck S (1998). Board size and corporate performance: Evidence from European ountries. Academy of Management Journal, 41(2). 112- 123.
Crossref
 
Clifford P, Evan R (1997). Non Executive Directors: A Question of Independence, Corporate Governance. Int. Rev. pp.224-231
 
Daily CM, Dalton DR, Canella AA (2003). Corporate govrnance: Decades of dialogue and data. Acad. Manag. Rev. 28(3):371-382.
 
Dalton DR, Daily CM, Ellstrand AE, Johnson JL (1998). Meta-analytic reviews of board composition, leadership structure and financial performance. Strat. Manag. J. 19:269–290.
Crossref
 
Dalton CM, Dalton DR (2005). Boards of directors: Utilizing empirical evidence in developing practical prescriptions. Br. J. Manag. 16:91-97.
Crossref
 
Davis J, Schoorman D, Donaldson L (1997). Toward a stewardship theory of management. Acad. Manag. Rev. 22(1).
 
Dechow PM, Sloan RG, Sweeney AP (1996). Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC. Contemp. Account. Res. 13(1):1-36.
Crossref
 
Donaldson T, Preston LE (1994). The stakeholder theory of the corporation: Concepts, evidence, and implications. Acad. Manag. Rev. 20(1):65-91.
 
Eisenhardt KM (1989). Agency theory: An assessment and review. Int. J. Manag. 5:341-353.
 
Grove H, Patelli L, Victoravich L, Xu P (2011). Corporate governance and performance in the wake of the financial crisis: Evidence from US commercial banks, corporate governance. Int. Rev. 19(5):418-436.
Crossref
 
Hassan SU (2012). Corparate Governance, Earnings Management and Financial Performance: A Case of Nigerian Manufacturing Firm. Am. Int. J. Contemp. Res. 2(7).
 
Jensen MC, Meckling WH (1976). A theory of the firm: Governance, residual claims, and organizational forms. J. Financ. Econ. 3(4):305-360.
Crossref
 
Jensen MC (1993). The modern industrial revolution, exit, and the failure of internal control systems. J. Financ. 48:831-880.
Crossref
 
Klapper LF, Love I (2002). Corporate Governance, Investor protection and Performance in Emerging Markets, World Bank Policy Research working Paper No. 2818. Available at http://dx.doi.org/10.2139/ssrn.303979 retrieved on 19 july,2015.
Crossref
 
Love I, Rachinsky A (2007). Corporate governance, ownership and bank performance in emerging markets: Evidence from Russia and Ukraine, Working paper.
 
Mak Y, Kusnadi Y (2005). Size Really Matters: Further Evidence on the Negative Relationship Between Board Size and Firm Value. Pacific Basin Finance J. Vol. 13.
Crossref
 
Mulbert PO (2010). Corporate governance of banks after the financial crisis - Theory, evidence, reforms. ECGI – Law Working Paper No 130/2009 .
Crossref
 
Musa FJ (2006). The impact of Corporate Governance on the performance and value of banks in Nigeria: An Agency Approach, Nigerian J. Account. Res. 1(4).
 
Pathan S, Skully M, Wickramanayake J (2007). Board size, independence and performance: An analysis of Thai banks. Asia-Pacific Financial Markets 14 (2):211-227.
Crossref
 
Pearce JA, Zahra SA (1992): Board Composition from a Strategic Contingency Perspect. J. Manag. Stud. 29(4):414-438.
Crossref
 
Romano G, Guerrini A (2012). Corporate governance and accounting enforcement actions in Italy. Manag. Audit. J. 27(7):622-638.
Crossref
 
Sanda A, Minkailu AS, Garba T (2005). Corporate governance mechanisms and firm financial performance in Nigeria. AERC Research paper 149 Nairobi:http://www.aercafrica.org/documents/R p.149.
 
Shleifer A, Vishny RW (1997). A survey of corporate governance. J. Financ. 52:737-783.
Crossref
 
Shelash ASI (2011). The Effect of banks governance on banking performance of the Jordanian commercial banks: Tobin's Q Model "An Applied Study". Int. Res. J. Financ. Econ. 71:34-47.
 
Sierra G, Talmor E, Wallace J (2006). An examination of multiple governance forces within Bank holding companies. J. Financ. Services Res. 29:105–1.
Crossref
 
Simpson WG, Gleason AE (1999). Board Structure, Ownership, and Financial Distress in Banking Firms, Int. Rev. Econ. Financ. 3:281-292.
Crossref
 
Song J, Windram B (2004). Benchmarking audit committee effectiveness in financial reporting. Int. J.Audit.8:195-205.
Crossref
 
Staikouras P, Staikouras C, Agoraki ME (2007). The effect of board size and composition on European bank performance. Euro. J. Law Econ. 23(1):1-27.
Crossref
 
Tanna S, Pasiouras F, Nnadi M (2008). The effect of board size and composition on the efficiency of UK banks. Coventry University, Economics, Finance and Accounting Applied Research Working Paper, No. 2008-05.
 
Vance SC (1978). Corporate governance: Assessing corporate performance by boardroom attributes, J. Bus. Res. 6(3):203–220.
Crossref
 
Xie B, Davidson WN, DaDalt PJ (2003). Earnings management and corporate governance: The role of the board and the audit committee. J. Corporate Financ. 9:295-316.
Crossref
 
Zattoni A, Cuomo F (2010). How independent, competent and incentized should non – executive directors be? An empirical investigation of good governance codes, Br. J. Manag. 21:63-79.
Crossref

 

Copyright © 2024 Author(s) retain the copyright of this article.

This article is published under the terms of the Creative Commons Attribution License 4.0

Back to Vol. 9 No. 16
Back to articles
SUBSCRIBE TO RSS
SUBMIT MANUSCRIPT
CONFERENCES