Do board characteristics and risk management disclosure have any effect on firm performance? Empirical evidence from Deposit Money Banks (DMBs) in Nigeria

Business and Economic Horizons Pub Date : 2017-01-01 DOI:10.15208/BEH.2017.35

M. Kakanda, B. Salim, Sitraselvi Chandren

引用次数: 4

Abstract

This study examines the relationship between board characteristics, risk management disclosure and performance of Deposit Money Banks (DMBs) in Nigeria. Data were obtained from the annual accounts and reports of the 15 DMBs listed on the Nigerian Stock Exchange (NSE) covering 2012 to 2016. For the purpose of testing the relationship between the dependent variable (return on asset [ROA]) and the explanatory variables in this study, Random Effect (RE) regression model was employed. The study finds that board size, board composition, and risk management disclosure have a significant positive effect on ROA, whereas, board meeting has a significant negative influence on ROA. Moreover, the study documents that board expertise has a negative, but an insignificant association with ROA. The finding of this study is essential to both corporate authorities and other corporate stakeholders in Nigeria. The study concludes by providing an agenda for future research in a similar domain.

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董事会特征和风险管理披露对公司业绩有影响吗?来自尼日利亚存款银行(dmb)的经验证据

本研究考察了尼日利亚存款货币银行(dmb)董事会特征、风险管理披露和绩效之间的关系。数据来自尼日利亚证券交易所(NSE)上市的15家dmb的年度账目和报告，涵盖2012年至2016年。为了检验因变量(资产收益率[ROA])与解释变量之间的关系，本研究采用随机效应(Random Effect, RE)回归模型。研究发现，董事会规模、董事会构成和风险管理披露对资产收益率有显著的正向影响，而董事会会议对资产收益率有显著的负向影响。此外，研究表明，董事会专业知识与总资产回报率呈负相关，但不显著。这项研究的发现对尼日利亚的公司当局和其他公司利益相关者都至关重要。该研究最后为类似领域的未来研究提供了一个议程。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Business and Economic Horizons ECONOMICS-

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期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.