The study is a cross-country comparative analysis of the impacts of firm characteristics on corporate governance performance between Nigeria and South Africa listed Deposit Money Banks (DMBs). The study adopted the census method of sampling in selecting the entire thirteen (13) listed DMBs in Nigeria and matched with an equal sample of thirteen (13) purposively selected DMBs in South Africa for the purpose of the comparative analysis, totalling a balanced panel of 143 firm-year observations (each) respectively. The secondary data was extracted from the audited annual reports of the sampled DMBs for eleven (11) financial years (2010-2020). The data was analyzed using descriptive statistics and panel regression using E-Views 10. The preliminary analysis showed that the mean CG disclosure of the South African DMBs is significantly greater than that of the Nigeria sample at 5% level of significance. The result of panel regression analysis showed that in the Nigerian sample, firm size and age exerts positive significant influence of CG performance, while only firm size (positive) was the significant determinants of CG performance in the South African sample. The report suggests, among other things, that older banks publish more information than younger banks, and that a more competitive environment be created to encourage banks to have a good corporate governance framework, which will attract more potential investors.
Firm size, Age and Corporate Governance Performance
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