IMPACT OF FIRM ATTRIBUTES ON FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

Abstract

This study evaluates the effect of firm attributes on the financial performance of listed deposit money
banks. The study uses secondary data extracted from the annual reports and accounts of the
sampled Money Deposit Banks in Nigeria, for the period of 11 years (2011-2021). The study uses
three techniques of data analysis, namely descriptive statistics, correlation and multiple
regression using STATA Package Version 14.0. The findings of the study reveal that there is
negative and significant relationship between firm age and returns on assets at a 1 % level of
significance. The study findings reveal the negative and insignificant relationship between firm
leverage and firm size with financial performance. The study recommends that the debt obtained
from outsiders (creditors) by listed Money Deposit Banks should be managed more effectively in
order to drive positive financial performance and Management of listed deposit money banks
should increase their firm size through expansion as this will improve the financial performance.