Board meeting frequency andfirm performance: examiningthe nexus in Nigerian depositmoney banks

Eluyela, F. D. and Akintimehin, O. O. and Okere, Wisdom and Ozordi, E. and Osuma, Godswill Osagie and Ilogho, S. O. and Oladipo, O.A. (2018) Board meeting frequency andfirm performance: examiningthe nexus in Nigerian depositmoney banks. Heliyon, 4. pp. 1-14. ISSN 2405-8440

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Abstract

The main aim of this study is to examine the impact of board meeting frequency onfirm performance of deposit money banks in Nigeria. Data used for the study werespawned from annual reports of the deposit money banks listed on Nigeria stockexchange (NSE) market. We employed a panel regression to test the significantassociation amid variables. Our main empirical result shows a positiveassociation amid board meeting frequency andfirm performance. Although, ourfindings also show that board size was positive and not significant andfirm sizewas negative and significant. The study recommended that management of banksshould consider increasing their frequency of board meetings to at least four (4)meetings per year. This will allow the sampled deposit money banks to complywith the good governance code in Nigeria which states that companies mustmeet at least once per quarter.

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