Ownership Structure And Financial Performance Of Selected Banks In Nigeria: 2000 – 2015
Journal Title: International Journal of Business and Management Invention - Year 2017, Vol 6, Issue 12
Abstract
The study assessed the extent of relationship between ownership structure and financial performance of selected banks in Nigeria spanning from 2000 - 2015. This study seeks to resolve is the matter between ownership structure and its influence on the financial performance of listed banks in Nigeria by taking foreign shareholding to proxy for ownership structure and return on equity (ROE) to proxy for financial performance. Several shareholdings make up the ownership structure of banks but this study focused on foreign shareholdings. Firms’ financial performance has been measured through return on equity (ROE). This paper sought to answer the questions, does ownership structure (foreign shareholdings) influence the financial performance of selected banks? To provide answers to the questions raised, the study utilized the panel data regression analysis using STATA 10 software. From the analysis, the findings indicated that there is a positive significant relationship between ROE and foreign shareholding while institutional and managerial shareholding are negatively and significantly related to return on equity. It was therefore recommended that foreign shareholding in selected banks should be given attention and sustained while less attention should be placed on managerial and institutional shareholding.
Authors and Affiliations
Professor Ezinne Nnabuife 1 ,, Igomu, Joseph Augustine 2 ,, Apochi, Sunday 3 ,, Adah, A. Alex 4 ,, Igomu, Inalegwu 5
Keywords
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