Interconnectedness between Corporate Governance, Global Burden of Disease, SARS-CoV and Banking Sector Development in Nigeria: The Role of Institutional Quality

Authors

  • Charles O. Manasseh Department of Banking & Finance, University of Nigeria, Nsukka, Enugu https://orcid.org/0000-0001-9937-6208
  • Chine Sp Logan Department of Public Policy at Liberty University, Lynchburg, Virginia, USA.
  • Deborah Ngozi Umah Department of Accountancy, Federal University of Allied Health Science Enugu, Nigeria 
  • Ginikachukwu S. Richards Department of Public Health, Evangel University Akaeze, Abakaliki
  • Ikechukwu H. Iheukwumere Department of Microbiology, Chukwuemeka Odumegwu Ojukwu University, Igbariam
  • Chidiogo M. Iheukwumere Department of Applied Microbiology & Brewing, Nnamdi Azikiwe University, Awka
  • Obiageli G. Akamobi Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam
  • Ijeoma B. Unachukwu Department of Economics, Federal College of Education (Technical) Umunze

DOI:

https://doi.org/10.71637/tnhj.v25i3.1139

Keywords:

Corporate Governance, Global Burden of Disease, SARS-CoV, Bank Development, Institutional Quality

Abstract

Background: Nigeria’s banking sector has experienced profound reforms and restructuring, shaped by governance transitions and recurrent global health crises such as SARS-CoV. However, the nexus between corporate governance, institutional quality, and health shocks, and their joint implications for financial sector development, has not been adequately examined. This study investigates the interplay of corporate governance, institutional quality, and health shocks in influencing banking sector development in Nigeria from 2000 to 2024. It specifically assesses the direct role of governance, the disruptive effects of health crises, and the moderating contribution of institutional quality. By employing QARDL and FMOLS approaches, the study captures both short- and long-run dynamics while identifying structural breakpoints linked to reforms and health disruptions.

Methods: The Quantile Autoregressive Distributed Lag (QARDL) model is applied to estimate asymmetric and quantile-specific effects, while Fully Modified Ordinary Least Squares (FMOLS) validates long-run robustness. Structural break tests are conducted to identify critical periods of disruption.

Results: The results reveal that governance, health shocks, and credit flows interact in quantile-dependent ways. Short-run dynamics highlight the importance of credit persistence, governance quality, and health sector responsiveness, whereas in the long run, the rule of law consistently fosters banking sector growth. Breakpoints in 2004, 2005, 2015, and 2016 coincide with major reforms and health crises.

Conclusion: Strengthening institutional quality, particularly legal and regulatory frameworks, is central to financial resilience. Policy priorities include reinforcing governance through oversight and audits, integrating health risks into financial planning, and leveraging digital innovations to enhance institutional responsiveness.

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Author Biographies

  • Charles O. Manasseh, Department of Banking & Finance, University of Nigeria, Nsukka, Enugu

    Charles O. Manasseh is a Senior Lecturer in the Department of Banking and Finance, University of Nigeria, Enugu Campus.

  • Chine Sp Logan, Department of Public Policy at Liberty University, Lynchburg, Virginia, USA.

    Chine Sp Logan is a Faculty Member in the Department of Public Policy at Liberty University, Lynchburg, Virginia, USA

  • Deborah Ngozi Umah, Department of Accountancy, Federal University of Allied Health Science Enugu, Nigeria 

    Deborah Ngozi Umah is a Lecturer in the Department of Accountancy, Federal University of Allied Health Sciences, Enugu, Nigeria.

  • Ikechukwu H. Iheukwumere , Department of Microbiology, Chukwuemeka Odumegwu Ojukwu University, Igbariam

    Ikechukwu H. Iheukwumere is a Lecturer in the Department of Microbiology, Chukwuemeka Odumegwu Ojukwu University, Igbariam.

  • Chidiogo M. Iheukwumere, Department of Applied Microbiology & Brewing, Nnamdi Azikiwe University, Awka

    Chidiogo M. Iheukwumere is a Lecturer in the Department of Applied Microbiology and Brewing, Nnamdi Azikiwe University, Awka.

  • Obiageli G. Akamobi, Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam

    Obiageli G. Akamobi is a Lecturer in the Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam.

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2025-10-13

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Original Articles

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Interconnectedness between Corporate Governance, Global Burden of Disease, SARS-CoV and Banking Sector Development in Nigeria: The Role of Institutional Quality. (2025). The Nigerian Health Journal, 25(3), 1286 – 1294. https://doi.org/10.71637/tnhj.v25i3.1139

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