The Effects of Corporate Risk on Financial Performance: Evidence from Listed Deposit Money Banks in Nigeria

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dc.contributor.authorMUSTAPHA, Lateef Olumide
dc.contributor.authorSALAM, Mudathir Olanrewaju
dc.contributor.authorMOHAMMED, Hajara Adama
dc.date.accessioned2021-05-27T12:37:22Z
dc.date.available2021-05-27T12:37:22Z
dc.date.issued2017-06
dc.description.abstractThis study assesses the effect of corporate risk on financial performance of listed Deposit Money Banks in Nigeria for the period of 2011-2016. The population of the study based on the availability of data in the Nigerian Stock Exchange is fourteen (14) listed Deposit Money banks. The study adopted Census sampling technique of which all the fourteen (14) Banks were studied. Corporate risk as the independent variable was proxied with liquidity risk, credit risk, operating risk and bank size, while the return on asset was used to proxy financial performance. Data were collected from secondary source through the annual reports of the banks for the period under study and the data was analysed using panel regression techniques. The findings reveal that liquidity risk has an insignificant negative effect on the financial performance of the study banks, while the credit risk and operating risk has a significant negative effect on financial performance respectively. The bank size has a significant positive effect on financial performance of listed Deposit Money Banks in Nigeria. It is recommended among others that the banks should regulate their liquidity risk position and ensure they minimize the non-performing loan as it has been found empirically to reduce the quality of the firm’s financial performance. They should also reduce their operational cost for better performance.en_US
dc.identifier.issn2408-655X
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/5500
dc.language.isoenen_US
dc.publisherFaculty of Management Sciences, University of Ilorin, Ilorin, Nigeriaen_US
dc.subjectCorporate Risken_US
dc.subjectFinancial Performanceen_US
dc.subjectListed deposit money banksen_US
dc.titleThe Effects of Corporate Risk on Financial Performance: Evidence from Listed Deposit Money Banks in Nigeriaen_US
dc.typeArticleen_US

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