BOARD CHARACTERISTICS AND CORPORATE CREDIT POLICIES OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA

Boniface OHAJI

Authors

Boniface OHAJI Department of Accounting, University of Abuja, Abuja, Nigeria

Keywords:

Corporate Governance, Credit Policies, Deposit Money Bank.

Abstract

This study examined the effects of board characteristics on corporate credit policies of quoted deposit money banks in Nigeria for the period of ten (10) years from 2014 -2023. Ex- facto research design was employed, while secondary data were employed on all the fourteen (14) listed Deposit Money Banks in Nigeria. The independent variables are Board size, women on the Board, Non-Executive Directors and Board meeting while the dependent variables are cash and credit policies. Data collected were analysed with descriptive statistics, correlation and OLS multiple regressions analysis. The findings showed that Board size and Board meetings have insignificant positive effects on credit policies of Quoted Deposit Money Banks in Nigeria, while the number of women on the Board and the number of Non-Executive Directors on the Board have positive significant effect on the effectiveness of credit policies of Quoted Deposit Money Banks in Nigeria. The study recommended that Board size, while having a positive but insignificant effect on credit policy, should emphasize quality, diversity, and engagement. Female representation and non-executive directors significantly enhance policy effectiveness, promoting balanced and independent decision-making. Although board meetings had an insignificant impact, improving their quality can enhance policy outcomes. Emphasis on skill diversity and informed discussions can lead to more effective credit policy frameworks.

Author Biography

Boniface OHAJI , Department of Accounting, University of Abuja, Abuja, Nigeria

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BOARD CHARACTERISTICS AND CORPORATE CREDIT POLICIES OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA

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Author Biography

Boniface OHAJI , Department of Accounting, University of Abuja, Abuja, Nigeria

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