پیوندهای مفید
اخبار و اعلانات
آمار
| تعداد نشریات | 158 |
| تعداد شمارهها | 6,240 |
| تعداد مقالات | 67,871 |
| تعداد مشاهده مقاله | 115,463,129 |
| تعداد دریافت فایل اصل مقاله | 90,232,756 |
Corporate Governance and Liquidity Management: Evidence from Nigerian Deposit Money Banks | ||
| Iranian Economic Review | ||
| دوره 25، شماره 4، اسفند 2021، صفحه 791-801 اصل مقاله (791.04 K) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2021.85088 | ||
| نویسندگان | ||
| Wasiu Sanyaolu* 1؛ Tunji Siyanbola2؛ Okwuosa Innocent3 | ||
| 1Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo, State, Nigeria | ||
| 2Department of Accounting, Babcock University, Ilishan Remo, Ogun State, Nigeria | ||
| 3Department of Accounting & Finance, Caleb University, Imota, Lagos State, Nigeria | ||
| چکیده | ||
| The liquidity crisis is the major driver of banks' failure in Nigeria as a failure of some banks in the past was brought in connection with a liquidity problem. We examined the CG and LM of Nigerian banks by obtaining data from annual accounts and reports of the 10 DMBs from 2012 to 2018. Data were analyzed using the Generalized Method of Moment (GMM). Findings showed that the previous year's liquidity significantly and positively influence the current year's liquidity ratio. Board size exerts a negative insignificant influence on liquidity management; meetings have a direct but insignificant influence on liquidity management. Board independence shows a significant but negative effect on liquidity management. Gender diversity and bank size were found to exhibit indirect and insignificant influence. The study concludes that corporate governance exhibits a joint significant effect on liquidity management of Nigerian DMBs. The main recommendation arising from the finding is that the inclusion of directors on the board should be based on their skills and ability to understand and drive banks' operations. | ||
| کلیدواژهها | ||
| Boards Attributes؛ GMM؛ and Loan to Deposit Ratio | ||
| مراجع | ||
|
Aebi, V., Sabato, G., & Schmid, M. (2012). Risk Management, Corporate Governance, and Bank Performance in the Financial Crisis. Journal of Banking & Finance, 36, 3213–3226.
Abogun, S., Fagbemi, T. O., & Balogun, R. B. (2014). Corporate Governance and Bank Liquidity: Evidence from Selected Banks in Nigeria. CenterPoint Journal (Humanities Edition), 16(2), 191-204.
Burgess, Z., & Tharenou, P. (2002).Women Board Directors: Characteristics of the Few. Journal of Business Ethics, 37, 39–49.
Central Bank of Nigeria. (2006). Code of Corporate Governance for Banks in Nigeria Post Consolidation. Retrieved December 12, 2010 from http://www.cenbank.org/OUT/PUBLICATIONS/BSD/2006/CORPGOV-POSTCONSO.PDF
Coleman, A. K. (2007). The Impact of Capital Structure on the Performance of Microfinance Institutions. The Journal of Risk Finance, 8(1), 270-279.
Delis, M. D., Gaganis, C., & Pasiouras, F. (2009). Bank Liquidity and the Board of Directors. MPRA Paper, Retrieved December 7, 2010 from http://mpra.ub.uni-muenchen.de/18872/
Díaz, V., & Huang, Y. (2017).The Role of Governance on Bank Liquidity Creation. Journal of Banking and Finance, 77(1), 137–156.
Dittmar, A., & Mahrt-Smith, J. (2007). Corporate Governance and the Value of Cash Holdings. Journal of Financial Economics, 83(3), 599-634.
Eisenhardt, M. K. (1989). Agency Theory: An Assessment and Review. The Academy of Management Review, 14(1), 57-74.
Emeka, E., Ene, A., & Bello, I. E. (2016). The Effect of Corporate Governance on Bank’s Financial Performance in Nigeria. IOSR Journal of Business and Management (IOSR JBM), 18(11), 954-971.
Fadun, O. S. (2017). Risk Management through Corporate Governance: Implications on the Performance of Banks in Nigeria. UNILAG Journal of Business, 3(2), 147-170.
Fresard, L., & Frochaux, S. (2004). Corporate Investment, Cash Holdings, and Financial Constraints: Insights from Japan. Retrieved July 31, 2011 from http://www.affi.asso.fr/uploads/Externe/6f/CTR_FICHTER_105_1226315078.pdf
Gujarati, D. N. (2003). Basic Econometrics. New York: McGraw-Hill/Irwin.
Habbash, M. (2010). The Effectiveness of Corporate Governance and External Audit on Constraining Earnings Management Practice in the UK (Unpublished Doctoral Dissertation). Durham University, United Kingdom.
Hausman, J. A. (1978). Specification Tests in Econometrics. Econometrica, 46(6), 1251–1271.
Holton, V. D. (1995). Women and Equal Opportunities: Creating a Level Playing Field. Equal Opportunities, 31, 904–907.
Idowu, A. A., Essien, M. J., & Adegboyega, R. (2017). Liquidity Management and Banks’ Performance in Nigeria. Issues in Business Management and Economics, 5(6), 88-98.
Ikoh, I. M., Nsien, C. B., & Wokoma, T. N. (2013). Corporate Governance and Banks’ Turmoil: Assessment of Shareholders Response. Journal of Educational and Social Research, 3(8), 39-47.
Isaac, J. E., & Nkemdilim, I. S. (2016). Corporate Governance and the Performance of Nigerian Banks. International Journal of Economics, Finance and Management Sciences, 4(2), 39-45.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure. Journal of Financial Economics, 3(4), 305–360.
Kajola, S. O., Sanyaolu, W. A., Alao, A., & Ojunrongbe, O. J. (2019). Liquidity and Profitability: Evidence from the Nigerian Banking Sector. Accounting and Taxation Review, 3(2), 1-12.
Lasisi, I .O., Lateef, O. M., Irom, M. I., & Bulus, N. E. (2018). Corporate Board Size, Risk Management and Financial Performance of Listed Deposit Money Banks in Nigeria. European Journal of Accounting, Auditing and Finance Research, 6(1), 1-20.
Masry, A. A., Abdelfattah, T., & Elbahar, E. (2016). Corporate Governance and Risk Management in GCC Banks. Corporate Ownership and Control Journal, 13(3), 8-16.
Mehrabani, F., & Dadgar, Y. (2013). The Impact of Corporate Governance on Firm Performance: Evidence from Iran. IJTEMT, 2(3), 9-13.
Mohamed, G. A., & Khairy, E. (2017). The Relationship between Board of Directors’ Characteristics and Bank Risk-Taking: Evidence from Egyptian Banking Sector. Journal of Finance and Accounting, 5(1), 24-33.
Mustapha, U. A., Rashid, N., Bala, H., & Musa, H. (2020). Corporate Governance and Financial Performance of Nigeria Listed Banks. Journal of Advanced Research in Dynamical & Control Systems (JARDCS), 12(1), 5-10.
Obasi, A. I., & Nkwagu, L. C. (2017). Effect of Corporate Governance on Risk Management of Commercial Banks in Nigeria. International Journal of Finance and Accounting, 6(5), 145-153.
Oyedokun, G. O. (2019). Board Characteristics and Financial Performance of Commercial Banks in Nigeria. Accounting and Taxation Review, 3(2), 31-48.
Oyewole, O. S., Olusanmi, O., & Owolabi, F. (2015). Role of Corporate Governance in the Financial Crisis: Evidence from Nigerian Banks. Journal of Accounting and Auditing: Research & Practice, 2015(2015), 1-14.
Pandey, I. M. (2005). Financial Management (9th). New Delhi: VIKAS Publishing.
Yun, H. (2009). The Choice of Corporate Liquidity and Corporate Governance. Review Financial Studies, 22(4), 1447-1475.
Yunos, R. M., Smith, M., Ismail, Z., & Ahmad, S. A. (2011). Inside Concentrated Owners, Board of Directors, and Accounting Conservatism. Annual Summit on Business and Entrepreneurial Studies. Proceeding, Retrieved from https://www.researchgate.net/ | ||
|
آمار تعداد مشاهده مقاله: 448 تعداد دریافت فایل اصل مقاله: 574 |
||