IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 9 NO. 2 2024
DOI: https://doi.org/10.56201/wjeds.v9.no2.2024.pg16.40

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Executive Compensation and Financial Performance: A Panel Data Study of Quoted Commercial Banks in Nigeria

KOMOLAFE, Adebayo Joseph

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Abstract

This study examined the effect of executive compensation and financial performance of quoted commercial banks in Nigeria. The ex post facto research design was employed and secondary data were sourced from the annual reports of 13 quoted commercial quoted on the Nigerian Exchange Group between 2013 and 2022. The panel linear regression technique was adopted and data were analysed using E-views to determine the effect of executive compensation on financial performance. Return on equity and earnings per share were modeled as the function of executive salaries, bonuses and executive equity holding. The study found

keywords:

Executive Compensation, Financial Performance, Panel Data Study, Commercial

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References:

Adegoroye, E., Sunday, O. M.,
Soyinka, K. A. & Ogunmola, J. O. (2017). Executive
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Aduda, J. (2011). The relationship between executive compensation and firm performance in the
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Akinwunmi, O.D (2020). The determinants of CEO compensation in Nigeria: a quantitative study
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Anyamaobi, C., & Lucky, A. L., (2017). Corporate characteristics and value creation: A panel data
evidence of Nigeria quoted manufacturing firms. World Journal of Finance and Investment
Research, 2(1), 31-49.

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