ISSN: 2222-6990
Open access
Purpose The purpose of this study is to investigate the factors that influence deposit money banks' corporate governance in Nigeria. It is well known that several of the deposit money banks listed on the Nigerian Stock Exchange exhibit poor corporate governance over time, which has led to several unfavorable outcomes. Design/methodology/approach The paper is a conceptual paper that is based on literature review for the formulation of theoretical framework and hypotheses development. The paper reviews the persistent issues with the Deposit money banks in Nigeria pre and post bank consolidation in the year 2006. Findings Evidence from the literature suggests that the issues with the banks are institutional issues that comprise political and unethical business behavior, coupled with the inefficiency in part of the regulatory bodies. To address the research problem institutional theory is considered relevant. Practical implications The framework developed in line with institutional theory will be useful in addressing the persistent challenges with the banks, particularly the regulatory bodies. Originality/value The originality and value created by this study is exploration of the moderating role of regulatory coercive measures under the regulatory pillar of institutional theory. The second way the study adds to knowledge is by institutionalizing the factors that are thought to influence how banks in Nigeria are governed. In order to evaluate corporate governance determinants and dimensions from the perspective of a country's unique characteristics, this paper offers a crucial research context.
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