Effect of Corporate Governance on the Performance of Selected Listed Deposit Money Banks in Nigeria

Student: Adedolu Maureen Fasanya (Project, 2025)
Department of Accounting
Ekiti State University, Ado-Ekiti, Ekiti State

Abstract

This study examines the impact of corporate governance on the financial performance of deposit money banks in Nigeria. Using an ex-post facto research design, data were obtained from annual reports of ten banks from 2006–2023. Corporate governance was measured using board size, composition, audit committee meetings, board meetings, and gender diversity, while performance was proxied by earnings per share, return on assets, and return on equity. Data were analyzed using OLS regression. Findings revealed that board composition, audit committee meetings, and gender diversity had significant positive effects on performance, while board size showed mixed effects. The study concludes that effective corporate governance enhances bank performance and recommends strengthening governance frameworks, promoting transparency, and ensuring gender diversity to improve confidence and stability.

Keywords
corporate governance bank performance board size audit committee gender diversity Nigeria financial performance deposit money banks OLS regression corporate disclosure
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