BOARD’S EQUITY OWNERSHIP AND THE PERFORMANCE OF BAILED-OUT BANKS IN NIGERIA
This paper extends an earlier proposed framework and thus empirically
examining the effect of board equity ownership on the performance of banks
in an era of post banking crisis that called for a bailout reform in Nigeria.
This board attribute is selected based on the peculiar problem of the banking
sector, and based on the board functions that captures monitoring (agency
theory based). Based on a survey data, the result of our analysis revealed a
significant relationship between board of directors’ equity ownership and
banks performance. We therefore, suggest more regulation and enforcement
of this as it motivates and compels boards to be more vigorous at monitoring
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