Related Party Transaction and Performance of Quoted Banks in Nigeria

Okerekeoti, Chinedu U.

Title:
Related Party Transaction and Performance of Quoted Banks in Nigeria

Authors:
Okerekeoti, Chinedu U.

Cite This Article :

Okerekeoti, Chinedu U. "Related Party Transaction and Performance of Quoted Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1, December 2021, pp.1034-1041, URL: https://www.ijtsrd.com/papers/ijtsrd47968.pdf

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Abstract :
This study examined the effect of related party transactions on return on total equity of quoted commercial banks in Nigeria. Data for the study were analyzed with descriptive statistics and ordinary least squares (OLS) analysis was used to test the hypothesis using Statistical Package for Social Sciences (SPSS). The findings show that related party transaction has statistical positive relationship on the return on equity of the quoted Nigerian commercial banks. Based on the findings of this study, the researcher recommends that equity shareholders must always ensure that dividend declared are not based on falsified profit especially when related party transactions which has inherent risk of corporate failure are involved.

Keywords :
Related party transactions, profitability and Return on equity and Commercial banks

Publication Details:

Unique Identification Number : IJTSRD47968

Published In : Volume-6 | Issue-1, December 2021

Page Number(s) : 1034-1041

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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