CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The importance of monetary policy in the economic development of developing countries has attracted a lot of attention in recent years. The perverse effect of interest rate controls, overvalued exchange rates, controlled lending and other control variables have led to a large volume of research relating to monetary … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The subject matter of dividend policy remains one of the most controversial issues in corporate finance. For a very long time now, financial economists have engaged in modeling and examining corporate dividend policy and earnings as they affect banks stock prices in Nigeria (Amidu, 2007). Black (1976) hinted that, “The harder we look at the … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY One of the greatest challenges facing nations is how to achieve sustainable economic growth and development and formal articulation of how money affects economic growth dates back to the time of Adams Smith and later championed by the monetary economists (Adefeso and Mobolaji, 2010:13). This is … 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
TABLE OF CONTENTS Content Page Title page i Certification ii Dedication iii Acknowledgements iv Abstract vi Table of Contents vii List of Tables x List of Figures xi List of Appendices xii CHAPTER ONE: INTRODUCTION 1.1 Background to the Study 1 1.2 Statement of the Problem 6 1.3 Objective of the Study 8 1.4 Research … Read more
TABLE OF CONTENTS Content Page Title Page i Certification ii Dedication iii Acknowledgements iv Abstract vi Table of Contents vii List of Tables xi List of Figures xvii Abbreviations xviii List of Appendices xix CHAPTER ONE – INTRODUCTION 1.1 Background to the Study 1 1.2 Statement of the Problem 4 1.3 Objective of the Study … Read more
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Economic progress and development have been closely identified with Industrialization since Industrial Revolution from late eighteen century. This thinking has continued to influence policy makers especially so in developing countries (Jomo, 1993). In an attempt to enhance industrial performance and economic growth the Nigerian government has, since … Read more
ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade … Read more
CHAPTER ONE INTRODUCTION Background of the Study Because money can affect many economic variables that are important to the wellbeing of any economy, politicians and policy makers throughout the world care about the conduct of monetary policy- that is -the management of inflation rates, exchange rates and interest rates (Cukierman, Webb and Neyapti, 1992). The … Read more
ABSTRACT The purpose of this research is to analyse the appraisal of open system business policy model in the management of mission hospitals in the South South Nigeria, the study was motivated by the need to give possible strategies and solution through the use of open system business policy model in the management of mission … Read more