Financial Globalisation and the Performance of Nigerian Deposit Money Bank
The objective of the study is to investigate financial globalization and the performance of Nigerian deposit money banks. The study employed foreign direct investment, exchange rate and foreign trade as proxies for financial globalization while bank total asset was used as proxy for deposit money ba...
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| Format: | Article |
| Language: | English |
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Dunarea de Jos University of Galati
2021-12-01
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| Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| Subjects: | |
| Online Access: | http://www.eia.feaa.ugal.ro/images/eia/2021_3/RajiAfolabiOsinuga.pdf |
| _version_ | 1818941072832724992 |
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| author | Alade Olajide RAJI Rasheed Adegboga AFOLABI Titilayo Abiodun OSINUGA |
| author_facet | Alade Olajide RAJI Rasheed Adegboga AFOLABI Titilayo Abiodun OSINUGA |
| author_sort | Alade Olajide RAJI |
| collection | DOAJ |
| description | The objective of the study is to investigate financial globalization and the performance of Nigerian deposit money banks. The study employed foreign direct investment, exchange rate and foreign trade as proxies for financial globalization while bank total asset was used as proxy for deposit money bank performance. The study used time series research design as well as secondary data. The data was obtained from the statistical bulletin of Central Bank of Nigeria from 1985 to 2019. Multiple regression was employed as the data analysis tool. The findings revealed that foreign direct investment and exchange rate have positive and significant effect on banks total asset. However, foreign trade has a positive but insignificant effect on bank total asset. Due to the value of Pro(F-Statistic) 0.000< 0.05 significant level, the study concluded that there is significant influence of financial globalization on the performance of deposit money banks (DMBs) in Nigeria. The study recommended that Nigerian government should continue to put in place factors that will attracts foreign investment to Nigerian economy so that bank assets will continue to increase; government through its monetary authority should employed that should stabilised the fluctuation in the exchange rate market; and there is need for government to focus more on Nigerian international trade by making the country exportation to be greater than the importation so that foreign trade can be a predictor for banks’ assets in Nigeria. |
| first_indexed | 2024-12-20T06:49:44Z |
| format | Article |
| id | doaj.art-b049272a5ab7430ba128df4b87e123ac |
| institution | Directory Open Access Journal |
| issn | 1584-0409 |
| language | English |
| last_indexed | 2024-12-20T06:49:44Z |
| publishDate | 2021-12-01 |
| publisher | Dunarea de Jos University of Galati |
| record_format | Article |
| series | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
| spelling | doaj.art-b049272a5ab7430ba128df4b87e123ac2022-12-21T19:49:36ZengDunarea de Jos University of GalatiAnnals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics1584-04092021-12-0127351110.35219/eai15840409217Financial Globalisation and the Performance of Nigerian Deposit Money BankAlade Olajide RAJI0Rasheed Adegboga AFOLABI1Titilayo Abiodun OSINUGA2Department Accounting and Finance, Chrisland University, Abeokuta, Ogun State, NigeriaDepartment Accounting and Finance, Chrisland University, Abeokuta, Ogun State, NigeriaDepartment of Finance, Ekiti State Univesity, Ado Ekiti, Ekiti State, NigeriaThe objective of the study is to investigate financial globalization and the performance of Nigerian deposit money banks. The study employed foreign direct investment, exchange rate and foreign trade as proxies for financial globalization while bank total asset was used as proxy for deposit money bank performance. The study used time series research design as well as secondary data. The data was obtained from the statistical bulletin of Central Bank of Nigeria from 1985 to 2019. Multiple regression was employed as the data analysis tool. The findings revealed that foreign direct investment and exchange rate have positive and significant effect on banks total asset. However, foreign trade has a positive but insignificant effect on bank total asset. Due to the value of Pro(F-Statistic) 0.000< 0.05 significant level, the study concluded that there is significant influence of financial globalization on the performance of deposit money banks (DMBs) in Nigeria. The study recommended that Nigerian government should continue to put in place factors that will attracts foreign investment to Nigerian economy so that bank assets will continue to increase; government through its monetary authority should employed that should stabilised the fluctuation in the exchange rate market; and there is need for government to focus more on Nigerian international trade by making the country exportation to be greater than the importation so that foreign trade can be a predictor for banks’ assets in Nigeria.http://www.eia.feaa.ugal.ro/images/eia/2021_3/RajiAfolabiOsinuga.pdffinancial globalisationbank performanceforeign direct investmentforeign trade |
| spellingShingle | Alade Olajide RAJI Rasheed Adegboga AFOLABI Titilayo Abiodun OSINUGA Financial Globalisation and the Performance of Nigerian Deposit Money Bank Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics financial globalisation bank performance foreign direct investment foreign trade |
| title | Financial Globalisation and the Performance of Nigerian Deposit Money Bank |
| title_full | Financial Globalisation and the Performance of Nigerian Deposit Money Bank |
| title_fullStr | Financial Globalisation and the Performance of Nigerian Deposit Money Bank |
| title_full_unstemmed | Financial Globalisation and the Performance of Nigerian Deposit Money Bank |
| title_short | Financial Globalisation and the Performance of Nigerian Deposit Money Bank |
| title_sort | financial globalisation and the performance of nigerian deposit money bank |
| topic | financial globalisation bank performance foreign direct investment foreign trade |
| url | http://www.eia.feaa.ugal.ro/images/eia/2021_3/RajiAfolabiOsinuga.pdf |
| work_keys_str_mv | AT aladeolajideraji financialglobalisationandtheperformanceofnigeriandepositmoneybank AT rasheedadegbogaafolabi financialglobalisationandtheperformanceofnigeriandepositmoneybank AT titilayoabiodunosinuga financialglobalisationandtheperformanceofnigeriandepositmoneybank |