Foreign Expatriates on Board and Financial Performance: A Study of Listed Deposit Money Banks in Nigeria

Okere, Wisdom and Eluyela, F. D. and Lawal, A. I. and Oyebisi, Ibidunni and Eseyin, Oluwasegun and Popoola, Olabisi and Awe, Toluwalase Eniola (2019) Foreign Expatriates on Board and Financial Performance: A Study of Listed Deposit Money Banks in Nigeria. The Journal of Social Sciences Research, 5 (2). pp. 418-423. ISSN 2411-9458; 2413-6670

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Abstract

Due to the recent financial scandals, there has been a growing need and debate amongst researchers on variables to strengthen the corporate governance of a firm. This study examined the relationship between foreign expatriates on board and financial performance of deposit money banks in Nigeria. Applying panel methodology for the period of 2008 to 2016 as well as other econometric analysis such as descriptive analysis, correlation analysis and Hausman test, the findings revealed a positive but insignificant relationship exist between foreign expatriates on board and financial performance of sampled deposit money banks in Nigeria. The study recommends that banks should ensure that they have an appropriate number of foreign directors on their board who have diverse skills and wealth of experience in order to make their performance on the banks significant. Also, developing countries who don’t have access to foreign directors can train their local directors in foreign countries so as to gain access to the benefits of global knowledge and experience.

Item Type:	Article
Subjects:	H Social Sciences > HF Commerce
Depositing User:	Mr DIGITAL CONTENT CREATOR LMU
Date Deposited:	18 Mar 2019 08:55
Last Modified:	18 Mar 2019 08:55
URI:	https://eprints.lmu.edu.ng/id/eprint/2062

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