Company’s Attributes and Market Performance of Quoted Deposit Money Banks in Nigeria

Abstract

In the books on wholesale refinance, analyzing the effect of an organization's market performance
has gained significance. This study looked at how a company's characteristics affected the cited
banks that accept deposits in Nigeria market performance. Owing to data availability, all 10 of the
Nigerian deposit money banks that were quoted for the population under investigation were employed
as the size of the sample in a census sampling technique. Following the administration of several
diagnostic tests, including the Pearson Correlation, Variance Inflation Factor (VIF), and Shapiro-Wilk
Normality Test, Heteroscedasticity Test, and Test of Hausman Specification, the hypotheses were tested
using a linear regression model. The findings indicate that tangibility positively and marginally
affects the value of Nigerian deposit money shares institutions. On the other hand, company expansion
has an insignificantly favorable impact on the share prices of deposit money banks in Nigeria,
whereas internal governance has a big and positive impact on those prices. Among other things,
the report suggests that deposit money institutions have a larger board of directors since this will
allow members to more effectively oversee management, make well-informed judgments, and
ultimately result in higher share values. The report also suggested that investors in Nigeria's
quoted deposit money banks should follow the characteristics of those companies, particularly
their growth, age, and size, as these are significant variables that affect share prices.