Privately-owned Nigerian banks hold 94% of Nigeria banking assets, the world's second largest share of local ownership. Theoretical explanations for the dominance of local firms related to liabilities of foreignness do not explain this phenomenon, suggesting that foreign banks do not experience...

Board effectiveness is particularly important in the Nigerian banking industry because a number of financial failures, frauds, and questionable business practices had adversely affected investors' confidence.This study evaluated corporate governance in Nigerian banks with regards to board...

Environmental hostility is posited to halt firms' development and growth. This leads to the expectations that foreign firms that developed their capabilities in more munificent environments and are able to draw on resources via their global network to compensate for local scarcity would emerge...