Home > Contemporary Business > Vol 1 No 1 December 2012 Abstract 4
Evaluating the Effects of Corporate Governance on the Performance Of Nigerian Banking Sector
AJALA Oladayo Ayorinde, AMUDA Toyin, ARULOGUN Leye
Review of Contemporary Business Research, 1(1), pp. 32-42.

Abstract
This paper examined the effects of corporate governance on the performance of Nigerian banking sector. The secondary source of data was sought from published annual reports of the quoted banks. In examining the level of corporate governance disclosure of the sampled banks, a disclosure index was developed and guided by the Central Bank of Nigeria code of governance. The Person Correlation and the regression analysis were used to find out whether there is a relationship between the corporate governance variables and firms performance. The study revealed that a negative but significant relationship exists between board size and the financial performance of these banks while a positive and significant relationship was also observed between directors’ equity interest, level of corporate governance disclosure index and performance of the sampled banks. The study recommends that efforts to improve corporate governance should focus on the value of the stock ownership of board members and that steps should be taken for mandatory compliance with the code of corporate governance.

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Ayorinde, Oladayo AJALA., Toyin, AMUDA., & Leye, ARULOGUN. (2012). Evaluating the Effects of Corporate Governance on the Performance Of Nigerian Banking Sector. Review of Contemporary Business Research, 1(1), pp. 32-42.

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Daya Ajala has his education in South-west Nigeria. He has a first degree in Accounting and undergoing his Mastes degree with spccialization in Management Sciences, all from the prestigious Ladoke Akintola University of Technology, Ogbomoso. He works as Teaching Assistant in Managemant and Accounting department of the University. He is member of both Nigerian Institute of Management (NIM) and Institute of Chartered Accountants of Nigerian (ICAN). He has many research works to his credit both local and international journal. He has flair and passion for creative writing. His hobbies are reading, foot balling and motivating people.

AMUDA Toyin
Department of Management and Accounting,
Ladoke Akintola University of Technology, Ogbomoso

ARULOGUN Leye
Department of Management and Accounting,
Ladoke Akintola University of Technology, Ogbomoso