Ownership Structure and Firm Valuation: Evidence from Selected Deposit Money Bank

Student: Precious Osariemen Osagiator (Project, 2025)
Department of Accountancy
Auchi Polytechnic, Auchi, Edo State

Abstract

Abstract This study examines ownership structure and firm valuation of Nigerian deposit money banks. It also evaluates the relationship between ownership structure variables (concentrated, managerial and foreign) on firm value (Return on Equity and Return on Asset). This study employed the ordinary least square regression method to analysis the data gathered to analyse the secondary data collected. This study employed the ordinary least square regression method to analysis the data gathered. It was discovered that ownership structure has a positive effect on firms valuation and also ownership structure has a positive effect on firms performance. It was concluded that organization's valuation is dependent upon its managerial and institutional ownership structures as high managerial shareholding can stimulate management of an organization towards increased efficiency. (It is recommended that there should be optimization of the ownership structure of corporations so as to maximize the value of firm and the overall cost of capital).

Keywords
Ownership structure Firm valuation Deposit money banks Nigeria
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