IMPACT OF FORENSIC AUDITORS ON CORPORATE GOVERNANCE FOR SUSTAINABLE DEVELOPMENT IN NIGERIA
Abstract
This study examines the relationship between budget-based compensation and returns on investment of quoted Deposit Money Banks in Nigeria. The correlation survey research design was adopted. The study surveyed twelve out of twenty-three Deposit Money Banks in Nigeria. The Ordinary Least Square (OLS) regression and ANOVA were used to test the hypothesis with the aid of SPSS, version 22. Results indicated that there exists a significant relationship between budget- based compensation and return on investment of quoted Deposit Money Banks in Nigeria.. There is significant positive relationship between budget- based compensation and return on investment of quoted Deposit Money Banks in Nigeria. The study therefore recommends that budget-based compensation should be applied to compensate executives based on the amount for reward provided by corporate budgets.
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Published in BUSINESS AND FINANCE JOURNAL
ISSN: 988-47878
This article appears in our peer-reviewed academic journal
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