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Nigerian Code of Corporate Governance Imperative for Investment Attraction in Nigerian Banks

Journal: International Journal of Trend in Scientific Research and Development (Vol.5, No. 2)

Publication Date:

Authors : ;

Page : 587-594

Keywords : Investment Growth; Discipline; Accountability; Responsibility and Transparency;

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Abstract

This study entitled Nigerian Code of Corporate Governance Imperative for Investment Attraction in Nigerian Banks aimed at surveying Nigerian Code of Corporate Governance with a view to ascertaining its potentials for investment attraction in Nigerian banks. The instrument has 34 items developed with a five point Likert scale ranging from Not Important 1 , Less Important 2 , Quite Important 3 , Very Important 4 to Very Much Important 5 . Principal Component Analysis, Regression Analysis, ANOVA and Cronbach's alpha test were used to analyze data with the aid of SPSS version 25. It was found that Nigerian Code of Corporate Governance will significantly influence investment growth in Nigerian banking industry. We therefore, recommend that CEOs, Directors and Managers should be encouraged to see how sacrosanct Nigerian Code of Corporate Governance is to sustainable Foreign Direct Investment attraction so as to sincerely adhere to its tenets thereby making Nigerian banking industry an investment destination. Owuru I. M | Osisioma, B. C | Okafor, G. O "Nigerian Code of Corporate Governance: Imperative for Investment Attraction in Nigerian Banks" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38492.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/38492/nigerian-code-of-corporate-governance-imperative-for-investment-attraction-in-nigerian-banks/owuru-i-m

Last modified: 2021-04-09 18:01:13