Aug 2026· International Journal of Economics and Financial Management· pp. 99· 0 citations
Abstract
The study examined the effect of risk disclosure practices on the liquidity management of
commercial banks in Nigeria between 2020 and 2023. Specifically, it investigated how credit risk
and market risk disclosures influenced the ability of banks to manage liquidity. The study utilized
secondary data from 12 listed commercial banks, and employed panel least squares regression to
analyze the relationships. Liquidity was measured using the current ratio, while credit risk was
proxied by exposure to financial assets and market risk by interest rate gap positions. The
regression results revealed that credit risk had a positive and significant impact on liquidity
management (coefficient = 2.81E-10, p = 0.0328), while market risk had a negative and significant
effect (coefficient = -5.74E-10, p = 0.0477). The model recorded an R-squared value of 0.29,
suggesting that 29% of the variation in liquidity management was explained by the independent
variables. These findings highlighted the critical role of risk disclosure in shaping sound liquidity
strategies within banks. It was recommended that banks enhance the accuracy and consistency of
their risk reporting practices and integrate risk-sensitive mechanisms into their liquidity planning
to strengthen financial resilience and maintain stakeholder confidence.
The significance of risk management and disclosure in the banking sector has garnered increasing
attention in recent years, as financial institutions strive to enhance transparency and improve
investor confidence. This study investigates the effect of quantitative risk disclosures—specifically
credit risk, market risk, and liquidity risk on the market value of listed commercial banks in Nigeria.
The study adopts a longitudinal research design, analyzing secondary data collected from the
audited annual reports and accounts of 15 Deposit Money Banks (DMBs) listed on the Nigerian
Exchange Group (NGX) over a ten-year period (2014–2023). Dynamic panel regression analysis
is employed as the primary technique for data analysis. The findings reveal that credit risk has a
positive and significant effect on market value. In contrast, market risk shows a negative but
statistically insignificant effect on market value. Liquidity risk demonstrates a positive and
significant relationship with market value. Based on these findings, the study recommends that
banks improve the transparency of their credit risk, market risk, and liquidity risk disclosures to
enhance investor confidence and increase their market value
Aisha Sulaiman· IIARD INTERNATIONAL JOURNAL...· 0 citations
This study examined the effect of liquidity management on the financial stability of deposit money
banks in Nigeria. The motivation for the study is anchored on the increasing need for banks to
maintain adequate liquidity buffers while sustaining profitable and stable operations in a changing
financial environment. Liquidity management was measured with current ratio, cash ratio and
debt-to-assets ratio, while financial stability was proxied by return on assets. The study adopted
an ex-post facto research design and relied on secondary data obtained from the audited annual
reports of selected deposit money banks listed on the Nigerian Exchange Group for the period
2013 to 2022. Descriptive statistics and linear regression analysis were used to analyse the data.
The findings revealed that current ratio has a statistically significant effect on financial stability.
Cash ratio also showed a statistically significant effect on financial stability, indicating that
adequate cash liquidity strengthens the capacity of banks to meet obligations and sustain
performance. However, debt-to-assets ratio showed a positive but statistically insignificant effect
on financial stability. The study concludes that liquidity management is a critical determinant of
bank financial stability in Nigeria, although the effect of leverage-related liquidity pressure
depends on the quality of assets and the structure of bank liabilities. The study recommends that
deposit money banks should maintain a balanced liquidity position, strengthen cash management
systems, improve asset quality review, and align liquidity decisions with broader risk management
and resilience strategies.
Stella Peter Essien· International Journal of Eco...· 0 citations
This study examined the effect of credit risk management on the market valuation of publicly
listed deposit money banks in Nigeria. Ex-post facto research design was adopted, and data
sourced from thirteen (13) listed deposit money banks in Nigeria, being the sample size. Nonperformance loans, capital adequacy ratio, and loan to deposit ratio were proxies for credit
risk management while market capitalization, and share price were proxies for market
valuation. Firm size was used as a control variable. Data were collected over a ten- year period
(2014-2023), and E-views 11.0 statistical software was employed to analyse the data. Findings
indicated that non-performing loans ratio exhibited a negative and highly significant
correlation with the market capitalisation, as well as with share price, whereas loan-to-deposit
ratio had no significant effect on share price, but had a positive and significant effect on market
capitalization. Furthermore, capital adequacy ratio exerted a positive and significant effect on
the market capitalization, while having a non-significant effect on share price. Non-performing
loans had a statistically significant adverse impact on both market capitalisation and share
price, highlighting the importance of asset quality in affecting both long-term firm valuation
and short-term price performance, while accounting for firm size. It was recommended, among
other things, that the management of deposit money banks should employ dynamic loan-todebt-ratio management that is in line with market conditions and the availability of funding. In
addition, regulators like the CBN should have criteria for capitalisation of banks with too many
bad loans.
Patrick, Affiong Sunday· Journal of Accounting and Fi...· 0 citations
This study examines the effect of corporate risk disclosures on the market value of listed
commercial banks in Nigeria between 2015 and 2024. The research specifically investigates the
influence of operational and strategic risk disclosures, as well as firm-specific factors including
firm size, leverage, and return on assets (ROA), on market valuation. The study employs an ex
post facto research design and utilizes panel regression analysis to analyze secondary data
extracted from annual reports of listed banks. The empirical findings reveal that strategic risk
disclosures has a significant positive effect on market value in contrast, Operational risk]
disclosures have positive statistically significant in effect on market value. The study concludes
that both operational and strategic risk disclosures are valuable tools for enhancing the market
value of Nigerian Deposit Money Banks. Based on these conclusions, the study recommends that
the study recommends that Banks should strengthen the quality and frequency of strategic risk
disclosures in their financial reports. Emphasizing forward-looking information, competitive
positioning, and long-term business risks can positively influence investor perception and market
value. Although operational risks were not statistically significant in this study, improving the
clarity and relevance of these disclosures could eventually enhance their value to investors,
especially in light of emerging cyber and compliance risks.
Aisha Sulaiman· International Journal of Eco...· 0 citations
This study examined how risk management strategies influence the financial performance of listed
deposit money banks in Nigeria and Ghana. It focused on whistleblowing policies, risk committee
size, and committee independence as governance tools shaping profitability and firm value. A
quantitative, longitudinal design was adopted, using secondary data from 19 listed banks (2013–
2022). Panel regression and correlations analysis were used to analyzed data. The findings shows
that whistleblowing adoption and committee size were higher in Nigeria, while Ghanaian banks
showed greater committee independence. Whistleblowing significantly improved firm value in
Nigeria (β = 1.105, p = 0.013). In Ghana, committee size strongly influenced ROA (β = 0.196, p
= 0.001) and Tobin’s Q (β = 0.127, p = 0.008). Independence had little or negative impact in both
countries. The study concluded that risk governance affects performance differently across
settings: whistleblowing drives value in Nigeria, whereas committee size supports profitability in
Ghana. Independence alone is insufficient without engagement and clear oversight roles. It is
recommended that: Nigeria should enhance whistleblowing systems and refocus committee work
on risk evaluation. Ghana should sustain well-structured, skilled committees and strengthen
reporting on how their oversight improves financial outcomes.
T. Olatunji· Journal of Accounting and Fi...· 0 citations
This study examined the effect of operating cash flow ratio and deposit to total asset ratio on
financial performance of listed deposit money banks in Nigeria. Financial performance was
measured by return on assets. An ex post facto and causal research design was adopted, using
panel data obtained from the audited annual reports of thirteen deposit money banks listed on
the Nigerian Exchange Group for the period 2015–2024. The study employed a census
sampling technique, resulting in a balanced panel of 130 observations. Data were analyzed
using descriptive statistics, correlation analysis, and panel regression techniques. Based on
the Hausman test results, the random effects regression model was adopted, and hypotheses
were tested at the 5% level of significance. The findings revealed that operating cash flow
ratio, and deposit to total asset ratio have significant positive effects on return on assets. The
study concludes that effective liquidity management significantly enhances the financial
performance of deposit money banks in Nigeria. The study recommends that bank management
should strengthen operating cash flow generation, intensify deposit mobilization and sustain
adequate liquidity levels to enhance profitability and financial stability. Future studies may
extend the scope by incorporating additional liquidity indicators, alternative performance
measures, and broader institutional coverage.
Jacob Olatunde Aweda· International Journal of Eco...· 0 citations