REGULATORY SHOCKS AND SHAREHOLDERS’ RETURNS IN FINANCIAL INSTITUTIONS
ABSTRACT The 2009 crisis in the Nigerian banking system prompted a more robust and rigorous regulatory regime, with particular attention on enhancing the quality of banks and establishing financial stability. To this end, the regulator of banks in Nigeria implemented policies and pronouncements in line with economic realities and global events. In recent years, the performance of most banks has dwindled and the bank managers’ main excuse for poor performance ...
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