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

KOMOLAFE; Adebayo Joseph

doi:https://doi.org/10.56201/wjeds.v9.no2.2024.pg16.40

📄 Download Paper

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

KOMOLAFE, Adebayo Joseph

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 CompensationFinancial PerformancePanel Data StudyCommercial

References

Adegoroye, E., Sunday, O. M., Soyinka, K. A. & Ogunmola, J. O. (2017). Executive compensation and firm performance: evidence from Nigeria firms. International Journal of Advanced Academic Research | Social & Management Sciences, 3(7), 23-39. Aduda, J. (2011). The relationship between executive compensation and firm performance in the Kenya banking sector. Journal of Accounting and Taxation.3(6), 130-139. Akinwunmi, O.D (2020). The determinants of CEO compensation in Nigeria: a quantitative study (Master Thesis, Linne universitetet). 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.

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

Abstract

Keywords

References

More Articles from WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES