EFFECT OF CEO PAY AND CEO POWER ON RISK-TAKING OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Autor: Ismaila Yusuf, Salisu Abubakar, Idris Ahmed Aliyu, Charles Dikki Aneitie
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Gusau Journal of Accounting and Finance, Vol 3, Iss 1 (2022)
Druh dokumentu: article
ISSN: 2756-665X
Popis: It has been argued that increasing demand for high compensation by executives and powers in the hand of executives have contributed to increased risk-taking in the banking industry. The study aims to examine the effect of CEO Pay, CEO Ownership Power, and Expert Power on risk-taking of listed deposit money banks in Nigeria. A sample of 12 deposit money banks for the period 2009 – 2019 was studied and analysed using panel regression. The study found that CEO pay and CEO Expert power have no significant effect on risk-taking of listed deposit money banks in Nigeria. In contrast, CEO Ownership power was found to influence risk-taking significantly. The study recommends strengthening the influence of independent directors on the board to mitigate the influence of powerful CEOs.
Databáze: Directory of Open Access Journals