EFFECT OF LEASE FINANCING ON THE FINANCIAL PERFORMANCE OF NIGERIAN BANKS: A CASE STUDY OF SELECTED COMMERCIAL BANKS IN NIGERIA).
Abstract
The research work examines the effects of lease financing on the financial performance of Nigerian Banks (A case study of selected commercial banks in Nigeria) 2014-2018. The central objective of the study was to examine how to determine the effect of operating lease on the Return on Assets (ROA) of Nigeria banks Plc. Performance was measured with ROA. Related literature were reviewed relating to effect of lease financing on the financial performance were extensively reviewed. Agency cost theory underpinned the study. The study employed the Ex-post facto research design. Secondary source was use from the audited annual financial report. From First Bank Nigeria Plc under the period of 5years (2014-2018). The study adopted linear regression, ANOVA, Correlation analysis using SPSS version 23. The findings revealed that finance lease has no significant relationship with the Return on Asset (ROA) of Nigerian banks. The study concluded that lease financing has a significant effect on the financial performance of Nigerian banks. And the study recommended that banks and operators in the manufacturing sector facing asset acquisition problem should focus more on galvanizing profitability through lease financing.
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