Papers by Afolabi Chukwudi
IJMRAP, 2024
Nigeria Deposit Money Bank (DMEs) are attracting foreign investment in the form of equity capital... more Nigeria Deposit Money Bank (DMEs) are attracting foreign investment in the form of equity capital. However, there are concern about whether the structure of ownership of these banks can affect their performance. This study analysed the effect of ownership structure on the performance of listed deposit money banks in Nigeria for the period 2018 to 2022. The study used a sample of thirteen selected Deposit Money Banks out of fourteen Deposit Money Banks listed on the Nigeria Exchange Group and data were generated from their annual financial statement. The study employed a panel data estimation technique. The evidence showed that both managerial and institutional ownership had a significant positive effect on the performance of Deposit Money Banks in Nigeria, suggesting that higher managerial and institutional ownership would result in an increase in firm performance. It was concluded that ownership structure increases performance of listed banks in Nigeria.
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Papers by Afolabi Chukwudi