Moderating Effect of Contraventions on Regulatory Requirements and Performance of Deposit Money Banks in Nigeria
- Author Dr. Ogundipe S.A.
- Co-Author Fasola I.O.; Ajayi O.A.; and Falana R.B.
- DOI 10.17605/O
- Country : Nigeria
- Subject :
Keywords : Contraventions, regulations, compliance and bank performance
Abstract
A deposit money bank provides the mechanism for sourcing and allocation of financial resources towards the promotion and sustenance of global economic development. Meanwhile, banking operations are strictly regulated by extant laws, rules, regulations, and instruments that facilitate financial flows of which lack adherence to these tenets have resulted in payments of huge penalties for infractions to the regulatory authorities over the years leading to sub-optimal performance. This study adopted an ex post facto research design. Validated data used for the study was extracted from audited financial statements of ten (10) DMBs and made use of pooled and panel regression across the ten (10) deposit money banks in Nigeria to analyze the data. Findings revealed that the ρ-value of F-statistics of 0.00, which is significant because it is less than the chosen significance level of 5%, and the value of adjusted R-squared of 0.2018 explains the power of the explanatory variables. This implied that contraventions have a moderating effect on the relationship between Regulatory requirements and Performance (Perf) of selected deposit money banks in Nigeria.
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