Corporate governance breach: An overview of the owner manager agency problem in the Nigerian banking industry

dc.contributor.authorKasum, Abubakar Sadiq
dc.contributor.authorEtudaiye-Muthar, Oyebola Fatima
dc.date.accessioned2021-03-02T11:14:21Z
dc.date.available2021-03-02T11:14:21Z
dc.date.issued2014
dc.description.abstractThe effects of a breakdown in the principal/agent relationship in the Nigerian financial services industry, especially in the banking sector, cannot be overemphasized. The required alert is due to the fact that this type of industry requires that there must be trust between the principal and the agent who is making decisions on behalf of the principal’s financial investment in the business environment. This paper analyses the agency problem that surfaced in the Nigerian banking sector, following the recapitalization exercise that took place in the industry in 2006. The study found that, to a large extent, the breakdown in the corporate governance code was a major cause of the crisis. The paper also examines the various ways the regulatory agencies responded to the problem and the measures that are being instituted to forestall a reoccurrence.en_US
dc.identifier.isbn978-3-642-45166-9
dc.identifier.urihttp://hdl.handle.net/123456789/4421
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.subjectCorporate Governanceen_US
dc.subjectInformation Asymmetryen_US
dc.subjectAgencyen_US
dc.subjectAgency Theoryen_US
dc.subjectBanking Industryen_US
dc.titleCorporate governance breach: An overview of the owner manager agency problem in the Nigerian banking industryen_US
dc.title.alternativeCorporate governance breachen_US
dc.typeBook chapteren_US

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