Can I use this theory as an underpinning theory in explaining banks performance
These might help.
I think the following, even though old, could be helpful. You may check it out.
CEO duality and firm performance: A contingency model
BK Boyd - Strategic Management Journal, 1995 - Wiley Online Library
Yes. check my publication "Impact of contingent factors on the performance of rural banks in Ghana.
You can use it along side the controllability principle of management accounting.
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