CHAPTER ONE INTRODUCTION Background to the Study It is generally accepted that ownership structure is an important component of firm performance (Shleifer and Vishny, 1986). Hence, for decades, researchers have been investigating the effect and value of ownership on firm performance in developed and recently in emerging markets (Srivastava, 2011). According to Zeitun and Tian, … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The Nigerian economy has not fared as well as expected despite its rich human and natural endowments and its claim to be the ‘giant’ of Africa. When compared with the emerging Asian economies, particularly, Thailand, Malaysia, China, India and Indonesia that were far behind Nigeria in … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Some recent studies have found cross-country evidence supporting the view that long -term growth is adversely affected by inflation (Kormendi and Meguire 1985; Fischer 1983, 1991, 1993; De Gregorio 1993; Gylfason 1991; Roubini and Sala-i-Martin 1992; Grier and Tullock 1989; Levine and Zervos 1992). Countries (especially in … Read more
CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY Globalization is the process through which economies, societies and cultures relate through trade, transportation and communication. Economic theory clearly points to the tremendous potential advantages of cross-border capital flows.Neoclassical economists support the view that capital flow is beneficial because they create new resources for capital accumulation … Read more
CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY The subject of government involvement in resource allocation stems from the failure of market mechanism to effectively and efficiently perform this task. From the very inception, government is not to be involved in the day-to-day running of an economy as propounded in the doctrine of laizzez-faire by Adam … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study A sound monetary policy formulation presupposes theoretically coherent and empirically robust model of money demand. To monetary authorities, the stability of the money demand function is necessary for understanding how the formulation and implementation of an effective monetary policy is crucial in offsetting the fluctuations that … Read more
CHAPTER ONE INTRODUCTION The efficiency of the banking system has been one of the major issues in the new monetary and financial environment. The competitiveness of financial institutions is stirred up by their efficiency levels, since their products and services are of an intangible nature. Efficiency in banking can be distinguished between allocative and technical … Read more
CHAPTER ONE 1.1 Background of the Study The changing environment in which banks finds themselves present major opportunities for banks, but also entails complex, variable risk that challenge traditional approaches to bank management. Recently, there was increase in non-performing credit portfolios in banks and other financial institutions and these significantly contributed to the financial distress … Read more
CHAPTER ONE INTRODUCTION BACKGROUND STATEMENT Lending is one of the main functions of the Banks. Banks extend credits to their customers in the form of loans, overdraft and advances. The sum of these credits forms the debt or credit portfolios of the financial institutions. Debts are presented as liabilities to the customers as … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Capital structure, otherwise referred to as, financial structure, is the means by which an organization is financed. It is the mix of debt and equity capital maintained by a firm. The extant literature is awash with theories on capital structure since the seminal work of Modigliani … Read more