INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This paper examines the correlations between internal control systems and financial performance at two major Nigerian banks - GTBank and Access Bank. Quantitative correlation analysis was conducted between control factors like environment, risk assessment, and monitoring and performance metrics including return on assets (ROA), return on equity (ROE), and efficiency ratios. The results showed positive correlations between control environment, risk management, information systems and profitability. However, excessive monitoring and bureaucratic controls had negative associations, indicating potential over-control. Corporate governance factors like board expertise improved performance, while concentrated executive incentives were detrimental. The findings highlight the complex interdependencies between internal controls, governance, regulation and bank performance. They underscore balancing oversight with operational efficiency through tailored control systems.
"Effects of internal control system on the performance of selected deposit money banks, the case study of GTBank and Access Bank", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 9, page no.b682-b692, September-2023, Available :http://www.ijnrd.org/papers/IJNRD2309178.pdf
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2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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