CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Insurance is one of the cornerstones of modern-day financial services sector. In addition to its traditional role of managing risk, insurance market activity, both as intermediary and as provider of risk transfer and indemnification, may promote growth by allowing different risks to be managed more efficiently, promoting … Read more
Abstract Using annual time series data from 1980 to 2014, this study investigated the impact of government expenditure disaggregated into capital (CEXP) and recurrent (REXP) on GDP Per Capita (GDPPC), inflation (INF), unemployment (UNEMP), and Gini index (GINCO, proxy for poverty) respectively to construct principally four econometrics models. The study adopted the ex-post facto … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigeria in the last few years had clamored for foreign portfolio investment in the country. This is believed to be a facilitator of economic growth and development, which leads to industrialization of the economy in the long run (Adeleke, Olowe & Fasesin, 2014). Foreign portfolio investment means … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY There is scarcely any country that lives in absolute isolation in this globalised world. The economies of all the countries of the world are linked directly or indirectly through asset or/and goods markets, made possible through trade and foreign exchange. The price of foreign currencies in terms of … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY One of the activities of financial institutions (banks) involves intermediating between the surplus and deficit sectors of the economy. According to Bencivenga and Smith (1991), the basic activities of banks are acceptance of deposits and lending to a large number of agents, holding of liquid reserves against predictable … Read more
INTRODUCTION Dividend policy has been an issue of interest in financial literature especially in the context of quoted firms, whose shareholders spread across different income group, tax bracket and other classification that could significantly affect dividend decisions of the firm. Dividend is commonly defined as the distribution of earnings (past or present) in real assets … Read more
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Risk is the possibility of loss or the chances of loss resulting from unfortunate occurrence or event. Risk is always at the center of our life. This means that for every human endeavor, there is risk as a result of our different economic pursuit. Risk management is … Read more
CHAPTER ONE INTRODUCTION 1.1 Background of the Study The issue of corporate governance and firm performance has dominated much of intellectual discussions in the last two decades. The discussions were not unconnected with the various corporate scandals that rocked giant corporations in the US and other parts of the world which have called to question … Read more
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Corporate governance is concerned with the ways in which the shareholders of corporations assure themselves of getting a return on their investment (Shleifer and Vishny, 1997). It also deals with the mechanisms by which shareholders of a corporation exercise control over management such that the interests of … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY The current administration’s commitment to rebuilding Nigeria’s dilapidated infrastructure as a catalyst for economic development has brought to the fore the need for a functional bond market given the developmental needs of the economy. The recent period of economy growth witnessed in Nigeria can only be sustained with … Read more