BOARD OF DIRECTORS MONITORING AND FINANCIAL PERFORMANCE OF LISTED FINANCIAL SERVICES FIRMS IN NIGERIA

Abstract

The study focuses on the link between the monitoring of the board of directors and the financial performance of Nigerian-listed financial services firms. The study incorporates data from financial services firms from 2013 to 2022 and utilizes a quantitative research methodology using dynamic panel data for analysis. The results show a significant positive correlation between board of directors monitoring and financial performance, indicating that effective governance and oversight can improve these firms' financial outcomes. The findings of this study have important implications for regulators, investors, and other stakeholders in the Nigerian financial services industry. Further research could explore the specific mechanisms by which board of directors monitoring impacts financial performance and potential interventions to strengthen this relationship. This study contributes to the body of knowledge already available on corporate governance and financial performance in emerging nations and offers insightful information to both scholars and practitioners.