Uwuigbe, O. R. and Ojeka, Stephen The role of non-executive directors in the profitability of banks: a study of universal banks in Nigeria. International Journal of Business and Management, vol. 6, (2): 248-257.
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Abstract
This paper employed secondary data covering a period of 3 post consolidation years (2006-2008) in studying the effects of the proportion of non executive directors on the profitability of the listed banks in Nigeria. A panel data regression analysis was used in analysing the variables under consideration. The paper observed from the findings that a negative but significant relationship exists between ROE and NED. The paper concludes that the negative association is likely to be because non-executive directors are too busy with other commitments and are only involved with the company business on a part-time basis. The paper therefore recommend that in other to have proper monitoring by independent directors, bank regulatory bodies should require additional disclosure of financial and personal ties between directors and the organizations they work for.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | UNSPECIFIED |
| Depositing User: | dr olubukunola uwuigbe |
| Date Deposited: | 29 Mar 2015 16:54 |
| Last Modified: | 23 Jun 2017 09:58 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/4390 |
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