MODERATING EFFECT OF INTELLECTUAL CAPITAL ON THE RELATIONSHIP BETWEEN RISK GOVERNANCE AND FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

The main objective of the study is to examine the moderating effect of intellectual capital on the relationship between risk governance and financial performance of listed deposit money banks in Nigeria. The population of the study consists of all deposit money banks listed on the floor of Nigerian st Exchange Group as at 31 December, 2022. The study period was twelve years from 2011 to 2022. The study used census approach to arrive at the sample size of thirteen listed deposit money banks after excluding Jaiz bank which has incomplete financial statements over the period covered by the study. The study employed a unilateral convergent unparalleled mix design which was influenced by the philosophy the study is aligned with while the method of data collection is post action multiple case study. The results of the study revealed that intellectual capital, proxied by Human capital efficiency, significantly moderates the relationship between chief risk officer, board risk committee size, board risk committee meetings, enterprise risk management and financial performance of Deposit Money Banks in Nigeria. Based on the findings, the study concludes that Intellectual capital does not moderate the relationship between board risk committee independence and financial performance of listed deposit money banks in Nigeria. Therefore, it is recommended that the management of Nigerian deposit money banks should invest more on human capital as it greatly influences financial performance and Nigerian deposit money banks should focus on well-being and development of their workforce to enhance their skills and financial performance.