Banks Transparency, Financial Disclosure through Corporate Governance and Its Financial Performance in Nigeria
Author(s)
Osho Augustine E , Adesanya, Olufemi V ,
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Abstract
This paper elucidate in the context of Nigeria’s banking sector, Banks transparency, financial disclosure through Corporate Governance and its financial performance in Nigeria. The increased incidence of bank failure in the recent period generated the current literature on quality of bank assets and also emphasized good governance as means of achieving banks objectives. This study made use of secondary data obtained from the financial reports of nine (19) banks for a period of ten (10) years (2006- 2016). Data were analyzed using multiple regression analysis. Findings revealed that the earning quality might be influenced primarily by some factors other than those considered in this study. This shows that irrespective of the level of disclosure by banks in Nigeria, the earnings do not improve at all they both followed inverse directions. It is recommended that banks should make known both financial and pertinent non-financial information on their official websites to permit stakeholders (such as researchers, media professionals, shareholders, and supervisors) to have easy access to important information.
Keywords
Agency theory, Banks transparency, Corporate Governance, Financial Disclosure, Financial Performance, Stakeholders theory.
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