CORPORATE GOVERNANCE AND RISK MANAGEMENT IN BANKING INDUSTRY 2006-2023
Keywords:
Board Composition, , Board Size, Corporate Governance, Risk ManagementAbstract
This study examined the relationship between corporate governance and risk management in Nigerian banking industry from 2006-2023, using board size, board composition and board gender diversity as proxies for corporate governance and bank fraud as proxy for risk management. The study made use of secondary data sourced from Bank Annual reports and Financial Statement. The data were analyzed using descriptive statistics, correlation matrix and Hausman test, while Ordinary Least square regression analysis was used to test the hypotheses. The findings of this study revealed that Board Size and Board Composition has significant effect on Bank Fraud while Board Gender Diversity has no significant effect on Bank Fraud. As a result, the study concluded that corporate governance plays a significant role on risk management in Nigeria banking industry. The study recommended that shareholders in Nigeria should actively advocate for a board size that strikes a balance between diversity, expertise, and efficiency.
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