Corporate governance hierarchies and the performance of commercial banks in Cameroon

Abstract

This study set out to determine how corporate governance hierarchies influence the performance of commercial banks in Cameroon. To attain this core objective, a questionnaire was administered to shareholders, members of boards of directors, top management, and nonexecutive employees of nine commercial banks operating in Cameroon. The data mobilized were analyzed using percentages, ordinary least square (OLS) regressions, and robust standard error tests. The findings reveal that the hierarchical effectiveness of internal auditing, executive compensation, and the ratings of institutions and financial markets significantly increase the performance of commercial banks in Cameroon. This was not the case with boards of directors and regulations.