International records / OpenAlex research

PORTFOLIO OPTIMISATION AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA: AN EMPIRICAL ANALYSIS OF ASSET ALLOCATION, DIVERSIFICATION, AND RISK MANAGEMENT

This study examines the effect of portfolio optimization, specifically asset allocation, portfolio diversification, and risk management, on the financial performance of deposit money banks in Nigeria between 2014 and 2023. Grounded in Modern Portfolio Theory (MPT) and extended through hybrid models like the Black-Litterman framework and AI-driven simulations, the study uses a multiple regression approach to analyze data from five systemically important banks. Findings reveal that only portfolio diversification has a statistically significant positive impact on performance, measured by Return o…