CORPORATE GOVERNANCE AND THE EFFICIENCY OF THE NIGERIAN BANKING SECTOR

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ABSTRACT

The findings from this extensive analysis indicate that the factors under scrutiny, including board size, shareholders engagement, sustainability, and risk management, do not exhibit statistically significant relationships with managerial efficiency in Nigerian banks. While these financial institutions operate reasonably efficiently on average, the measured variables do not emerge as the predominant drivers of managerial efficiency. Despite a large board size potentially bringing diverse expertise, it doesn't significantly impact efficiency. High shareholders engagement, an indicator of trust and stability, doesn't directly correlate with efficiency. Likewise, while sustainability and effective risk management are crucial, they don't appear to be the sole determinants of managerial efficiency. This conclusion underscores the intricate nature of the banking industry and highlights the necessity for a more comprehensive and holistic approach to unravel the multifaceted factors that genuinely influence managerial efficiency in Nigerian banks and similar financial institutions. Further research and in-depth analysis are essential to delve deeper into the complex web of factors that contribute to efficiency and competitiveness in this sector.

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