Financial Management Practices and Performance of Deposit Money Banks in Emerging Market

Abstract

The purpose of this study was to determine the impact of financial management practises on the performance of Nigerian deposit money banks (DMBs). The largest financial organisations listed on the Nigerian Stock Exchange are DMBs. Financial management practises are intended to enhance banks' efficiency in financial intermediation and profit margins. Sector analysis may be used to determine the financial sector's performance and sustainability. Panel data were analysed in this research. The data for DMBs were analysed using appropriate statistical methods. In light of the conducted study, it can be concluded that financial management practises have an effect on bank performance in Nigeria. The research found that, given the industry's high level of competition and the need to perform financially, there is a need to create a strong and effective financial management strategy that ensures maximum return, increases firm share value, and maximises shareholder return.