IDEAS home Printed from https://ideas.repec.org/a/vrn/journl/y2021i2p207-219.html
   My bibliography  Save this article

Firm’s Attribute and Performance of Deposit Money Banks

Author

Listed:
  • Olusola E. Olowofela

    (Department of Banking & Finance, Faculty of Administration and Management Sciences, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

  • Abiola M. A. Tonade

    (Department of Accounting, College of Arts, Social & Management Sciences, CrescentUniversity, Abeokuta, Ogun State, Nigeria)

  • Benjamin O. Lisoyi

    (School of Management, Information Technology and Governance, University of Kwazulu-Natal Durban, South Africa)

Abstract

This study investigates the impact of firm attributes on the financial performance of deposit money banks in Nigeria’s financial sector. The scope of this research covered the period 2007 – 2018 using audited financial statements and reports of nine (9) deposit money banks listed on the Nigerian Stock Exchange. The results revealed that bank liquidity has significant negative effect, while bank growth has insignificant negative effect on financial performance. On the other hand, bank size and leverage have insignificant positive effect on the financial performance of banks. It is recommended that banks should pay attention to liquidity management and use this to enhance performance. Also, the management of banks should endeavor to make use of their growth opportunities optimally.

Suggested Citation

  • Olusola E. Olowofela & Abiola M. A. Tonade & Benjamin O. Lisoyi, 2021. "Firm’s Attribute and Performance of Deposit Money Banks," Business & Management Compass, University of Economics Varna, issue 2, pages 207-219.
    • Handle: RePEc:vrn:journl:y:2021:i:2:p:207-219
    as

    Download full text from publisher

    File URL: http://journal.ue-varna.bg/uploads/20210603065651_192108288860b87d33eab7e.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Olumide A. Olowokure & Muhammad Tanko & Terzungwe Nyor, 2016. "Firm Structural Characteristics and Financial Reporting Quality of Listed Deposit Money Banks in Nigeria," International Business Research, Canadian Center of Science and Education, vol. 9(1), pages 106-122, January.
    2. M. Adams & M. Buckle, 2003. "The determinants of corporate financial performance in the Bermuda insurance market," Applied Financial Economics, Taylor & Francis Journals, vol. 13(2), pages 133-143.
    3. Chung, Richard & Firth, Michael & Kim, Jeong-Bon, 2005. "Earnings management, surplus free cash flow, and external monitoring," Journal of Business Research, Elsevier, vol. 58(6), pages 766-776, June.
    4. Ali Abbas & Zahid Bashir & Shahid Manzoor & Muhammad Nadeem Akram, 2013. "Determinants of Firm¡¯s Financial Performance: An Empirical Study on Textile Sector of Pakistan," Business and Economic Research, Macrothink Institute, vol. 3(2), pages 76-86, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Franz Sinabell, 2021. "Die österreichische Land- und Forstwirtschaft im Kontext der Bioökonomie," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(9), pages 651-664, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mosab I. Tabash & Eissa A. Al-Homaidi & Anwar Ahmad & Najib H.S. Farhan, 2020. "Factors affecting financial performance of Indian firms: an empirical investigation of firms listed on Bombay Stock Exchange," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 13(2), pages 152-172.
    2. Khan, Muhammad Kamran & Nouman, Mohammad & Imran, Muhammad, 2015. "Determinants of financial performance of financial sectors (An assessment through economic value added)," MPRA Paper 81281, University Library of Munich, Germany.
    3. Daniel Attah-Kyei & Charles Andoh & Saint Kuttu, 2023. "Risk, technical efficiency and capital requirements of Ghanaian insurers," Risk Management, Palgrave Macmillan, vol. 25(4), pages 1-27, December.
    4. repec:ehu:cuader:55444 is not listed on IDEAS
    5. Kamandulienė Asta & Kulbokas Žilvinas, 2020. "The Assessment of Financial Performance of the Lithuanian Dairy Sector’s Listed Companies," Management of Organizations: Systematic Research, Sciendo, vol. 83(1), pages 73-92, June.
    6. Michael Sullivan & Andrew Jianzhong Zhang, 2017. "The Accrual Anomaly and the Announcement Effect of Short Arbitrage," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 1-26, March.
    7. Benjamin Uyagu & Alexander Olawumi Dabor, 0. "Earnings Management and Corporate Social Responsibility," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(65), pages 70-87, September.
    8. Sticca, Ralph Melles & Nakao, Silvio Hiroshi, 2019. "Hedge accounting choice as exchange loss avoidance under financial crisis: Evidence from Brazil," Emerging Markets Review, Elsevier, vol. 41(C).
    9. KUFO Andromahi & SHTEMBARI Eriona, 2023. "How Board Size and Board Independence Affect Insurance Companies’ Performance," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.
    10. Chen-Ying Lee, 2014. "The Effects of Firm Specific Factors and Macroeconomics on Profitability of Property-Liability Insurance Industry in Taiwan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(5), pages 681-691, May.
    11. Ramzi Benkraiem, 2006. "Performance sectorielle relative et gestion du résultat comptable," Post-Print halshs-00558248, HAL.
    12. Yung-Ming Shiu, 2005. "The determinants of solvency in the United Kingdom life insurance market," Applied Economics Letters, Taylor & Francis Journals, vol. 12(6), pages 339-344.
    13. Hadani, Michael & Goranova, Maria & Khan, Raihan, 2011. "Institutional investors, shareholder activism, and earnings management," Journal of Business Research, Elsevier, vol. 64(12), pages 1352-1360.
    14. Graham, Roger C. & Moore, Jared A., 2018. "The mitigation of high-growth-related accounting distortions after sarbanes-oxley," Research in Accounting Regulation, Elsevier, vol. 30(2), pages 82-94.
    15. repec:ipg:wpaper:2014-076 is not listed on IDEAS
    16. Chen, Ming-Hsiang, 2010. "The economy, tourism growth and corporate performance in the Taiwanese hotel industry," Tourism Management, Elsevier, vol. 31(5), pages 665-675.
    17. Hidaya Al Lawati & Zakeya Sanad, 2023. "Ownership Concentration and Audit Actions," Administrative Sciences, MDPI, vol. 13(9), pages 1-24, September.
    18. Iacob, Constanta & Gheorghe, Cristina Mihaela, 2014. "Performance optimization – "sometimes" – result creativity," MPRA Paper 52730, University Library of Munich, Germany, revised 06 Jan 2014.
    19. Mohammed Ibrahim & Amirah Jamal Arabi & Zakariya’u Gurama, 2024. "Corporate attributes, audit committee and financial reporting quality of listed non-financial firms in Nigeria," SN Business & Economics, Springer, vol. 4(11), pages 1-28, November.
    20. Sang Cheol Lee & Jaewan Park & Mooweon Rhee & Yunkeun Lee, 2018. "Moderating Effects of Agency Problems and Monitoring Systems on the Relationship between Executive Stock Option and Audit Fees: Evidence from Korea," Sustainability, MDPI, vol. 10(11), pages 1-24, November.
    21. Sunday Akpan & Fauziah Mahat & Bany-Ariffin Noordin & Annuar Nassir, 2017. "Revisiting Insurance Capital Structure, Risk-Taking Behaviour and Performance between 1995 – 2002," Asian Social Science, Canadian Center of Science and Education, vol. 13(11), pages 128-128, November.
    22. Yung-Ming Shiu, 2006. "Corporate liquidity: evidence from the United Kingdom life insurance industry," Applied Economics Letters, Taylor & Francis Journals, vol. 13(15), pages 993-998.

    More about this item

    Keywords

    Deposit Money Banks; Financial Performance;

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:journl:y:2021:i:2:p:207-219. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yana Doneva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.