Financial Instruments And Performance Of Listed Commercial Banks In Nigeria

NWOKOMA | 124 pages (31819 words) | Theses
Accounting | Co Authors: YADIRICHUKWU CHUKWUEMEKA

ABSTRACT

This study examined the Financial Instruments and Performance of Listed Commercial Banks in Nigeria. The study employed ex post facto research design. Data for analyses is got from the published financial reports of 8 listed deposit money banks for a period of 7 years (2014 to 2020). The pooled multiple regression method using ordinary least square regression (OLS) technique was used to analyze the data generated with the aid of Statistical Package for the Social Sciences (SPSS Version 21). Findings from the study revealed that forwards, futures and swaps assets and liability have no significant effect on return on assets and return on equity of the listed deposit money banks in Nigeria. Further findings revealed that Forward, future and swap assets has a positive significant effect on earnings per share of the listed deposit money banks in Nigeria. Furthermore, it was observed that Forwards, Futures and Swaps assets has a positive insignificant effect on liquidity of the listed deposit money banks in Nigeria and finally, it was revealed that Forward, future and swap assets and liability has a negative insignificant effect on leverage of the listed deposit money banks in Nigeria. Based on the findings, the study recommends amongst others that financial instrument accounting and valuation procedures be established and embraced to demystify Nigeria’s derivative market. This would enable the users of financial information analytics to understand each and every hedging practice’ advantages and disadvantages as currently most deposit money banks do not have a steady policy on derivative utilization; and financial risks management is merely left on the whims and devices of managers and thus making investors incur agency costs.

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APA

NWOKOMA, N (2023). Financial Instruments And Performance Of Listed Commercial Banks In Nigeria. Repository.mouau.edu.ng: Retrieved Jun 23, 2024, from https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2

MLA 8th

NWOKOMA, NWOKOMA. "Financial Instruments And Performance Of Listed Commercial Banks In Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 21 Jun. 2023, https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2. Accessed 23 Jun. 2024.

MLA7

NWOKOMA, NWOKOMA. "Financial Instruments And Performance Of Listed Commercial Banks In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 21 Jun. 2023. Web. 23 Jun. 2024. < https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2 >.

Chicago

NWOKOMA, NWOKOMA. "Financial Instruments And Performance Of Listed Commercial Banks In Nigeria" Repository.mouau.edu.ng (2023). Accessed 23 Jun. 2024. https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2

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