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The effect of fraud on profitability of listed deposit money banks in Nigeria

The increasing rate of fraud occurrence and poor profitability rate in the listed Deposit Money Banks (DMBs) in Nigeria calls for a research investigation. To unravel the likely connection between fraud and profitability, this study has examined the effect of fraud on the profitability of listed DMB...

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Main Authors: Salami, Suleiman, Olabamiji, Abass Wahab
Format: Article
Language:English
Published: UUM Press 2021
Subjects:
HG Finance
Online Access:https://repo.uum.edu.my/id/eprint/28996/1/MMJ%2025%202021%20169-190.pdf
https://repo.uum.edu.my/id/eprint/28996/
https://doi.org/10.32890/mmj2021.25.7
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spelling my.uum.repo.289962022-11-30T08:21:59Z https://repo.uum.edu.my/id/eprint/28996/ The effect of fraud on profitability of listed deposit money banks in Nigeria Salami, Suleiman Olabamiji, Abass Wahab HG Finance The increasing rate of fraud occurrence and poor profitability rate in the listed Deposit Money Banks (DMBs) in Nigeria calls for a research investigation. To unravel the likely connection between fraud and profitability, this study has examined the effect of fraud on the profitability of listed DMBs in Nigeria. To achieve this objective, the study adopted a correlational research design and utilised secondary data extracted from the Nigerian Deposit Insurance Commission (NDIC) and published financial statements of the DMBs. The study focused on 14 listed DMBs for a six-year period (2012-2017). Panel multiple regression technique was used to estimate the model of the study. The findings showed that fraud (proxied by actual loss from fraud and staff involvement in fraud) has a negative and significant effect on profitability (proxied by return on asset) of listed DMBs in Nigeria. In line with the findings, this study has recommended that listed DMBs should establish fraud detection mechanisms which will entail the setting up of an efficient, reliable and functioning fraud detection unit to monitor transactions that may be susceptible to fraud. UUM Press 2021 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/28996/1/MMJ%2025%202021%20169-190.pdf Salami, Suleiman and Olabamiji, Abass Wahab (2021) The effect of fraud on profitability of listed deposit money banks in Nigeria. Malaysian Management Journal, 25. pp. 169-190. ISSN 0128-6226 https://doi.org/10.32890/mmj2021.25.7
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Salami, Suleiman
Olabamiji, Abass Wahab
The effect of fraud on profitability of listed deposit money banks in Nigeria
description The increasing rate of fraud occurrence and poor profitability rate in the listed Deposit Money Banks (DMBs) in Nigeria calls for a research investigation. To unravel the likely connection between fraud and profitability, this study has examined the effect of fraud on the profitability of listed DMBs in Nigeria. To achieve this objective, the study adopted a correlational research design and utilised secondary data extracted from the Nigerian Deposit Insurance Commission (NDIC) and published financial statements of the DMBs. The study focused on 14 listed DMBs for a six-year period (2012-2017). Panel multiple regression technique was used to estimate the model of the study. The findings showed that fraud (proxied by actual loss from fraud and staff involvement in fraud) has a negative and significant effect on profitability (proxied by return on asset) of listed DMBs in Nigeria. In line with the findings, this study has recommended that listed DMBs should establish fraud detection mechanisms which will entail the setting up of an efficient, reliable and functioning fraud detection unit to monitor transactions that may be susceptible to fraud.
format Article
author Salami, Suleiman
Olabamiji, Abass Wahab
author_facet Salami, Suleiman
Olabamiji, Abass Wahab
author_sort Salami, Suleiman
title The effect of fraud on profitability of listed deposit money banks in Nigeria
title_short The effect of fraud on profitability of listed deposit money banks in Nigeria
title_full The effect of fraud on profitability of listed deposit money banks in Nigeria
title_fullStr The effect of fraud on profitability of listed deposit money banks in Nigeria
title_full_unstemmed The effect of fraud on profitability of listed deposit money banks in Nigeria
title_sort effect of fraud on profitability of listed deposit money banks in nigeria
publisher UUM Press
publishDate 2021
url https://repo.uum.edu.my/id/eprint/28996/1/MMJ%2025%202021%20169-190.pdf
https://repo.uum.edu.my/id/eprint/28996/
https://doi.org/10.32890/mmj2021.25.7
_version_ 1751539279929016320
score 13.211869

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