PRE AND POST FINANCIAL CRISIS ANALYSIS OF CORPORATE GOVERNANCE AND FIRM PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Abstract

A sound financial performance is the target of every bank and corporate governance, a checkmate of banks’ excess. This research therefore is set to analyse the relationship between corporate governance and firm performance of money deposit banks in Nigeria. Descriptive survey research was used and data were collected via the annual reports of banks. The population of the research were the sixteen licenced deposit money banks listed on the Nigerian Stock Exchange. Judgemental sampling was used to select a sample of nine banks which includes: Diamond Bank Nig. PLC, First Bank Nig. PLC, United Bank for Africa Nig. PLC, Fidelity Bank Nig. PLC, Wema Bank Nig. PLC, Zenith Bank Nig. PLC, First City Monument Bank Nig. PLC, Guarantee Trust Bank Nig. PLC and Access Bank Nig. PLC. Pearson Coefficient of Correlation was the statistical tool used to analyse the hypotheses and that was done with the aid of Statistical Package for Social Sciences (SPSS). It was discovered that there is no relationship between corporate governance and firm performance before and after financial crisis for Nigerian deposit money banks; hence the study recommended that other operational mechanisms should be considered in measuring the financial performance of firms.