ABSTRACT This project work is carried out to examine A critical analysis of the use of financial statement in assessing the performance of organization a study of Guarantee Trust Bank. The study was carried out to analyse how organizations and other stakeholders can make use of accounting ratios to critically analyse financial statements to evaluate … Read more
IMPACT OF INSURANCE MARKET ACTIVITY ON ECONOMIC GROWTH IN NIGERIA ABSTRACT 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 … Read more
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 Information to a modern organization is a resource that is parallel in importance to land, labour and capital. It is a very vital and priceless resource. For centuries, man has tried to collate, store, process and retrieve information, and most importantly distribute or communicate it via the … Read more
1.0 CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY Foreign direct investment is viewed as a major stimulus to economic growth in developing countries. Its ability to deal with two major obstacles, namely, shortages of financial resources and technology and skills, has made it the centre of attention for policy-makers in low-income countries in particular. … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY It is generally expected that developing countries, facing scarcity of capital, will acquire external debt to supplement domestic saving. The rate at which they borrow externally—the “sustainable” level of foreign borrowing—depends on the links among external and domestic saving, investment, and economic growth. The main … 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 In a competitive economy, it is clear that investments are undertaken due to the available benefits perceived or which they provide to the investors. Investment in securities are for the purpose of earning income which could be in form of dividends, profits or/capital gains. With this … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Modigliani-Miller theorem is one of the cornerstones of modern corporate finance. At its heart, the theorem is an irrelevance proposition; the Modigliani-Miller theorem provides conditions under which a firm’s financial mix does not affect its value. No wonder, Modigliani (1980, xiii) explains the theorem as follows: … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The ultimate strength of a bank lies in its capital fund. Banking, like any other business, requires adequate capital to function effectively (Nwankwo, 1991:45). Though by nature, banking is a highly leveraged industry, the degree of leverage averaging 88% and 95% in the United States, compared with … Read more