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___________________________________________________________________ Purpose The main purpose of this study is to determine the moderating role of managerial intention on the relationship between ownership structure (institutional ownership and family ownership) and the financial sustainability of commercial banks in Nigeria. It will also demonstrat...
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Context 1
... study employed random effect regression analysis because after conducting the Hausman test, (p<0.05), the result indicated that the random effect regression model is the best to use for this study. Table 8 showed the regression coefficients for the model estimating the effects of ownership structures on financial sustainability. From the regression results in table 8, family ownership is positively related to financial sustainability and statistically significant at 5%. ...Similar publications
This study examined the relationships among corporate governance, financial characteristics, macroeconomic variables and financial performance of banking firms listed at the Nairobi Securities Exchange. The specific objectives were to establish the effect of corporate governance on performance of listed commercial banks; to determine the intervenin...
Citations
... Thus, ownership structure concerns the internal organization of a business entity and the rights and duties of the individuals holding a legal or equitable interest in that business. These rights gave the owners the right to monitor the operational activities of the management which at long run affect the financial sustainability of the company (Livinus et al., 2021). ...
... Greater access of them to company's information and the power of their participation in sensitive decisionmaking of company enables them more actively monitor the company's performance and when they feel the company's performance is on the wane, they can make changes in the board (Bainbridge, 2000). Livinus et al. (2021) determined the moderating role of managerial intention on the relationship between ownership structure (institutional ownership and family ownership) and the financial sustainability of commercial banks in Nigeria. ...
The study examined the effect of structural determinant of financial sustainability of listed financial companies in Nigeria from 2012-2021. The study adopted longitudinal research design with panel multiple regression model was used for the analysis. The study found that managerial ownership has a positive significant effect on financial sustainability, institutional ownership has negative insignificant effect on financial sustainability while foreign ownership has positive insignificant effect on financial sustainability of listed financial companies in Nigeria. Based on the finding, the study recommends that managers should be encouraged to acquire more shares since it will lead them to be more committed to the company’s operations that can increase financial sustainability of the company. Also, the banks should encourage foreign investors to acquire shares because the resultant distribution of ownership among different groups can impact on managerial opportunism, which subsequently has implications for managerial behavior and corporate performance. This, they will monitor and check the management behaviour whenever necessary.
