Boniface U M O H E (original) (raw)
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Papers by Boniface U M O H E
Zenodo, 2024
This study examined the financial statements and investment decisions of listed deposit money ban... more This study examined the financial statements and investment decisions of listed deposit money banks on the Nigerian Exchange Group. Its specific objectives included analyzing the influence of earnings per share (EPS), dividend per share (DPS), and profit for the year on return on equity (ROE) within these banks. Utilizing an expost facto research design, the study primarily relied on secondary data gathered from the annual reports and financial statements of UBA, Zenith Bank, and Access Bank Plc over an eleven-year period from 2012 to 2022. This timeframe is particularly relevant as it encompasses significant economic fluctuations and regulatory changes that could impact the banking sector in Nigeria. Employing panel data regression analysis with E-Views 10, the study utilized multiple regressions to evaluate the combined effects of the independent variables on ROE. The findings indicated mixed results: EPS did not have a statistically significant impact on ROE (p = 0.2201), while DPS had a significant influence (p = 0.0288). Profit for the year was marginally insignificant at the 5% level (p = 0.0502). Based on these results, the study recommends that the management of listed banks in Nigeria prioritize dividends per share, as it has a significant impact on shareholder returns. While earnings per share may not show a direct effect, banks should still focus on improving overall profitability through cost reduction, revenue diversification, and operational efficiency, as these could indirectly enhance ROE.
Zenodo, 2024
This study examined the financial statements and investment decisions of listed deposit money ban... more This study examined the financial statements and investment decisions of listed deposit money banks on the Nigerian Exchange Group. Its specific objectives included analyzing the influence of earnings per share (EPS), dividend per share (DPS), and profit for the year on return on equity (ROE) within these banks. Utilizing an expost facto research design, the study primarily relied on secondary data gathered from the annual reports and financial statements of UBA, Zenith Bank, and Access Bank Plc over an eleven-year period from 2012 to 2022. This timeframe is particularly relevant as it encompasses significant economic fluctuations and regulatory changes that could impact the banking sector in Nigeria. Employing panel data regression analysis with E-Views 10, the study utilized multiple regressions to evaluate the combined effects of the independent variables on ROE. The findings indicated mixed results: EPS did not have a statistically significant impact on ROE (p = 0.2201), while DPS had a significant influence (p = 0.0288). Profit for the year was marginally insignificant at the 5% level (p = 0.0502). Based on these results, the study recommends that the management of listed banks in Nigeria prioritize dividends per share, as it has a significant impact on shareholder returns. While earnings per share may not show a direct effect, banks should still focus on improving overall profitability through cost reduction, revenue diversification, and operational efficiency, as these could indirectly enhance ROE.