Corporate governance, risk management and financial performance of deposit money banks in Nigeria

Abstract

This study investigates the effect of corporate governance on risk management and financial performance. Data covering 2010 to 2020 was collected from a sample of ten best- performing banks. The panel Ordinary Least Squares (POLS) result shows that governance disclosure influence financial performance significantly across performance measures. While role duality affects financial performance negatively with Tobin Q market-based measure, the effect of numbers of board committee (NBC) is positive with ROE accounting-based measure. Also, auditor type affects performance negatively with ROE but with Tobin Q, it does not show any effect. Also, the number of director significantly enhances risk management.