What is it about?
This paper investigates the impact of the Bank of Ghana’s directive on cyber and information security governance committees (CISGCs) on the financial performance and efficiency of universal banks in Ghana. Using data from 20 universal banks in Ghana between 2019 and 2022, we find that CISGCs with cyber and IT expertise have a positive impact on return on assets (ROA), but no impact on return on equity (ROE) or cost-to-income ratio (CIR). The size, frequency of meetings, and female representaion of CISGCs have no impact on performance. These findings highlight the need for key measures to be instituted for effective cyber governance.
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This page is a summary of: Governance’s role in bank performance: cybersecurity committee assessment, Journal of Financial Reporting and Accounting, September 2024, Emerald,
DOI: 10.1108/jfra-12-2023-0774.
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