Version-1 (March-April 2016)
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| Paper Type | : | Research Paper |
| Title | : | The Effect Of Financial Liberalization On The Pprofitability Of Deposit Money Banks (Dmbs) In Nigeria: Bounds Testing Cointegration Approach |
| Country | : | India |
| Authors | : | Dr. Sunday Edesiri Akiri |
Abstract: This study examines the overall effect of Financial Liberalization on the Profitability of Deposit Money Banks (DMBs) in Nigeria. Most of the previous studies focused on the economic growth aspect of financial liberalization and yet, very little is known empirically about its effect on profitability of DMBs. To bridge this gap, a financial liberalization index has been developed to evaluate the effect on profitability of DMBs in Nigeria. Time series annual data from the period 1975-2013 are employed. The time series annual property of the data is analyzed using the Ordinary Least Squares (OLS) technique. The research utilizes an autoregressive distributed lag to co-integration approach (ARDL-ECM) to evaluate the effect. The result of the analysis of the study reveals that financial liberalization in Nigeria has brought a mixed effect. Financial liberalization does not lower profitability of DMBs in Nigeria due to high reserve ratio and heavy investment in stabilization securities. The result suggests that the government should fine tune the various policies in the liberalization package in order to enhance the performance of deposit money banks in Nigeria.
Keywords: Financial Liberalization, Deposit Money Banks, Profitability
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| Paper Type | : | Research Paper |
| Title | : | International Trade And Economic Growth: An Empirical Analysis Of West Africa |
| Country | : | Nigeria |
| Authors | : | Abubakar Okuwa Abdullahi || Shuaibu Sidi Safiyanu || Tsalla Soja |
Abstract:Studies on the effects of international trade on economic growth have varying outcomes. Thus, this study analyzed the relationship between international trade and economic growth in West Africa from 1991- 2011. Based on the panel data of 16 out of 17 countries in the region, the study found that a one percent rise in export variable will lead to growth of GDP by 5.11 percent. Import on the other hand has positive but insignificant impact on GDP growth. Foreign exchange has negative impact on GDP growth. Therefore, the study concluded that exports impact positively on economic growth of the region and recommended that West African countries should encourage indigenous enterprise for export promotion and import substitution.
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[2]. Adewuyi, A. (2002), Balance of payment constraints and growth rate differences under alternative policy regimes, National Institute
of Social and Economic Research (NISER) Monograph Series No. 10 Ibadan, Nigeria.
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| Paper Type | : | Research Paper |
| Title | : | Stock Market Liquidity and Firm Performance |
| Country | : | India |
| Authors | : | Dr. Tarika Singh |
Abstract:The present study is done in Indian context with an objective to find out the effect of Stock Market Liquidity on Firm Performance. NSE listed firms were studied from 2005 to 2014. OLS regression was used to find out a causal relationship between indicators of stock market liquidity and firm performance. The results indicate a positive relationship between age and performance of firm.
Keywords: Liquidity, Performance, Tobin's Q
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| Paper Type | : | Research Paper |
| Title | : | The Impact of Foreign Investments on Domestic Inflation in Nigeria: A Disaggregated Analysisa |
| Country | : | Nigeria |
| Authors | : | Igwemeka Ebele Okafor |
Abstract:The need to draw foreign capital in non-debt constituting ways is one of the reasons emerging economies wish to encourage foreign investments. Thus there has been a dramatic increase in the magnitude of foreign investments from the North to emerging economies across the South where the need is high. However, the nature and source of foreign investments play critical role in determining its impact on domestic inflation. It is against this background that this paper attempts to investigate the impact of foreign investments on domestic inflation in Nigeria from 1987 to 2012.....
Keywords: FDI, FPI, export, inflation, Nigeria.
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