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.
NWOKOMA, N (2023). Financial Instruments And Performance Of Listed Commercial Banks In Nigeria. Repository.mouau.edu.ng: Retrieved Sep 08, 2024, from https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2
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 08 Sep. 2024.
NWOKOMA, NWOKOMA. "Financial Instruments And Performance Of Listed Commercial Banks In Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 21 Jun. 2023. Web. 08 Sep. 2024. < https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2 >.
NWOKOMA, NWOKOMA. "Financial Instruments And Performance Of Listed Commercial Banks In Nigeria" Repository.mouau.edu.ng (2023). Accessed 08 Sep. 2024. https://repository.mouau.edu.ng/work/view/financial-instruments-and-performance-of-listed-commercial-banks-in-nigeria-7-2