International records / OpenAlex research

Determinants of Number of Bankers by Listed Nigerian Firms

This paper investigates the impact of firm-level attributes (cash flow from operating activities, sales revenue, profit after tax, firm size, and firm age) on the number of banks firms decide to have.The paper hypothesizes a significant positive relationship between the number of banks and firm attributes.We utilize data drawn from online annual reports and financial statements of 38 Nigerian non-financial quoted firms from 2011 to 2013.We model cross-sectional multiple regressions for the paper, and the test results are largely consistent with a priori expectations, except firm age.After cont…