Abstract

Within the context of corporate transparency, banks typically offer more dependable, transparent, and high-quality financial and non-financial information since globalization movements in the capital markets have significantly altered the information requirements expected from the financial statements today. The financial reporting procedures, particularly financial disclosures, are impacted by these shifts as well. This study's primary goal is to look into how transparency affects listed deposit money banks performance in Nigeria from 2012 to 2023. Bank size and liquidity risk were included in the model as control variables, while the bank disclosure index served as a proxy for transparency. The model was subjected to the panel least squares (PLS) technique in order to examine the impact of the chosen control variables and transparency on the deposit money bank performance. The analysis was conducted using the econometric program E-view 9.0. The results show that while bank size and liquidity risk have a positive and considerable impact on the performance of deposit money banks in Nigeria, transparency (TAP) has a positive but negligible impact on the performance of listed deposit money banks. According to the study's findings, Nigerian deposit money banks' performance is not significantly influenced by transparency. Among other things, we advise Nigerian deposit money Banks to modernize their current policies and guidelines in order to promote greater openness in the banking industry. Policymakers in Nigeria with an interest in banking (such as the Central Bank of Nigeria) ought to collaborate with international organizations that establish benchmarks, like the International Fund for Agricultural Development, the International Finance Corporation, the European Investment Bank, the Inter-American Development Bank, the Asian Development Bank, and the S&P with its own index. In order to foster collaboration and establish more precise transparency standards grounded in scientific evidence, this is important.