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This paper examines the effects of privatization on state enterprises in Ghana. Vodafone Ghana and Universal Merchant Bank were selected for this study. Primary data was obtained from 287 respondents through survey questionnaires together with secondary data from the published annual financial reports of the two companies. The results of the study showed that factors such as weak internal controls,...
We scrutinized deposit money banks’ credit to private-public sectors and its nexus with
economic development in Nigeria over the period 1970-2016. This study adopt per capital
income as the proxy for economic development, while credits to private sectors, credits to
government sectors, money supply, and lending interest rate were the financial deepening
variables. We employed...
Modigliani and Miller’s (1963) paper made revelations on the importance of leverage in reducing tax payment obligations. Shareholders’ return may affect the risk premium associated with the use of leverage. However, the literature on leverage and shareholder returns relationships for a dynamic business environment such as Nigeria is still growing. The one-step differenced generalised method of moments...
This study investigated the impact of fraud on the performance of deposit money banks in Nigeria between the periods from 1994 to 2015. In this study, bank deposit was specified as the dependent variable while the one-period lagged value of bank deposit, amount involved in reported fraud cases, amount lost to fraud and number of staffs involved in fraud cases were used as independent variables. The...
In this study, we unravelled the impact of macroeconomic fundamentals on stock market performance in Nigeria for the periods from 1986 to 2015. This investigation helps to understand certain peculiarities in the Nigerian stock market; being an emerging stock market. Gross domestic product (GDP) and money supply (MS) was found to have significant impacts on stock market performance in Nigeria. Furthermore,...
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