COMPANY’S ATTRIBUTES AND MARKET PERFORMANCE OF QUOTED DEPOSIT MONEY BANKS IN NIGERIA

Abstract

In the books on wholesale refinance, analyzing the effect of an organization's market performance has gained significance. This study looked at how a company's characteristics affected the cited banks that accept deposits in Nigeria market performance. Owing to data availability, all 10 of the Nigerian deposit money banks that were quoted for the population under investigation were employed as the size of the sample in a census sampling technique. Following the administration of several diagnostic tests, including the Pearson Correlation, Variance Inflation Factor (VIF), and Shapiro-Wilk Normality Test, Heteroscedasticity Test, and Test of Hausman Specification, the hypotheses were tested using a linear regression model. The findings indicate that tangibility positively and marginally affects the value of Nigerian deposit money shares institutions. On the other hand, company expansion has an insignificantly favorable impact on the share prices of deposit money banks in Nigeria, whereas internal governance has a big and positive impact on those prices. Among other things, the report suggests that deposit money institutions have a larger board of directors since this will allow members to more effectively oversee management, make well-informed judgments, and ultimately result in higher share values. The report also suggested that investors in Nigeria's quoted deposit money banks should follow the characteristics of those companies, particularly their growth, age, and size, as these are significant variables that affect share prices