EFFECT OF LEADERSHIP STYLES ON THE PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA. A STUDY OF SELECTED DEPOSIT MONEY BANKS IN MAKURDI METROPOLIS
Nyikwagh, Richard Torkuma
Volume 4 Issue 1
Abstract
The study investigates the effect of leadership style on the performance of deposit money banks in Nigeria. The study adopted a survey research design. Taro Yamane formula was used to determine a sample size of 238 respondents out of a study population of 592 employees from Access Bank Plc, First Bank of Nigeria Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Union Bank of Nigeria Plc in Makurdi Metropolis. Primary source was used to collected data with the aid of questionnaire; while Pearson’s correlation and multiple regression analysis were used for data analysis with the help of Statistical Package for the Social Sciences. From the findings of the study, it was found that there was a strong positive relationship between the five independent variables and the two proxies of performance of banks in Makurdi Metropolis. This therefore means that these leadership styles can be used as predictor variables to predict future performance of the banking sector organization. The major finding of the study depicts the main objective of the study was met i.e. there exist a strong effect between bank performance and the leadership styles adopted by the banks. The study therefore recommends among others that the three dimensions of leadership styles with significant effect on organizational performance should be put into practice for effective performance; though there is no one best leadership style for all situations. Keywords: Leadership, Banks, Performance, Employee, Organization
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