Risk Governance and Market Value of Listed Deposit Money Banks
Abstract
The study evaluated the relationship between risk governance and the value of Nigerian listed deposit money banks from 2018 to 2023. Board risk committee size, board risk committee activism, chief risk officer presence, and chief risk officer independence are examples of risk governance measures. Tobin's Q was employed as a performance variable. Eight banks were selected as the study sample using purposeful sampling while expo facto research design was employed. A few selected banks' audited annual reports and accounts provided the secondary data for the study. To determine the link between the dependent and independent variables, the study used both descriptive and inferential statistics. The results of the regression model demonstrated that risk governance significantly and favourably affected the value of the sampled Nigerian banks. Board risk committee size (t-val. = 2.0949, p<0.05) and board activism (t-val. = 3.7180, p<0.05) had a significant effect on the sampled banks' value. Thus, the study recommended that the management of Nigeria's deposit money banks should always guarantee an efficient risk committee and activism in line with best practices globally in order to increase shareholders' wealth and the value of banks.
This article is available as a PDF download
Published in JOURNAL OF ACCOUNTING, FINANCE & MANAGEMENT DISCOVERY WUKARI
ISSN: 2714-2574
This article appears in our peer-reviewed academic journal
View JournalRelated Articles
Explore similar research in our collection
SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA
UCHE-OGBONNAYA NNENNA CORDELIA, VICTOR IKECHUKWU OKAFOR, EMMANUEL CHUKWUMA EBE
Jun 15, 2026
This study investigates the effect of sustainability reporting on the financial performance of liste...
View ArticleSTRATEGIC MANAGEMENT PRACTICE AND THE FINANCIAL PERFORMANCE Of LISTED CONGLOMERATE FIRMS IN
OGUNDEKO, SODIQ TEMITAYO, WAHAB, OLUWASEUN ADEJUMOKE
Mar 4, 2026
This study examines the relationship between strategic management practices and the financial perfor...
View ArticleCONTEMPORARY REFORM IN TAX ADMINISTRATION: ENHANCING COMPLIANCE THROUGH TECHNOLOGY
OSUEBI KENNETH TASIE, Ph.D, FRANKLINE C.S.A OKEKE, GLORIA OLUCHUKWU OKEKE, MOH AGUS NUGROHO, OYEWOLE OLUBUKOLA SARAH
Mar 3, 2026
Tax administration systems across the globe are undergoing fundamental structural transformation dri...
View Article