BOARD CHARACTERISTICS AND INVESTMENT EFFICIENCY IN NIGERIAN DEPOSIT MONEY BANKS
Google Scholar Status: ✓ Direct PDF available for indexing
PDF accessible at: https://esuibusinessjournal.com/uploads/manuscripts/6ae5e4f36e347_BOARD_CHARACTERISTICS_AND_INVESTMENT_EFFICIENCY_IN_NIGERIAN_DEPOSIT_MONEY_BANKS.pdf
Authors: Victor Chukwudeme Odu;<br> Evelyn Omorotionmwan Iyamu
Affiliations: Department of Accounting, Novena University, Ogume-Delta State
Corresponding Author: victorudu@yahoo.com
Published in: ESUI Business and Management Journal, Volume 3, Issue 3 (2026)
Pages: 80-86
ISSN: 1595-5656
Views: 2 | Downloads: 0
Status: Approved
License: Creative Commons Attribution 4.0 International
Abstract
This study investigates the relationship between board attributes and investment efficiency of Deposit Money Banks
(DMBs) in Nigeria. The study covers a period of ten years, 2016 to 2025. This study used multivariate regression
technique to analyze data extracted from the field. The results showed that the board size, board independence, board
gender diversity and frequency of board meetings all have positive and statistically significant effects on investment
efficiency. The study recommended that board size of Deposit Money Banks should be adequate to provide enough
expertise and experience as well as to monitor effectively without causing coordination problems.
This study further recommended that banks should ensure that corporate boards have a greater proportion of non-
executive directors and independent directors. Independent directors must be encouraged to participate robustly in
governance and oversight.
Keywords
Board Characteristics, Investment Efficiency, Corporate Governance, Deposit Money Banks, Nigeria, Panel Regression.
Download
This article is Open Access
Format: PDF | Size: 903 KBHow to Cite
Victor Chukwudeme Odu; Evelyn Omorotionmwan Iyamu. (2026). "BOARD CHARACTERISTICS AND INVESTMENT EFFICIENCY IN NIGERIAN DEPOSIT MONEY BANKS." ESUI Business and Management Journal, 3(3), 80-86.
Publication Timeline
- Received: October 31, 2026
- Accepted: October 31, 2026
- Published: October 31, 2026
- Last Updated: October 31, 2026
DC.Title: BOARD CHARACTERISTICS AND INVESTMENT EFFICIENCY IN NIGERIAN DEPOSIT MONEY BANKS DC.Creator: Victor Chukwudeme Odu; Evelyn Omorotionmwan Iyamu DC.Date.issued: 2026-10-31 DC.Source: ESUI Business and Management Journal DC.Source.Volume: 3 DC.Source.Issue: 3 DC.Identifier: 114 DC.Language: en DC.Type: Text.Serial.Journal DC.Rights: Copyright (c) 2026 Victor Chukwudeme Odu; Evelyn Omorotionmwan Iyamu DC.Rights.License: CC BY 4.0 DC.Identifier.PDF: https://esuibusinessjournal.com/uploads/manuscripts/6ae5e4f36e347_BOARD_CHARACTERISTICS_AND_INVESTMENT_EFFICIENCY_IN_NIGERIAN_DEPOSIT_MONEY_BANKS.pdf