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Eksu INTERNATIONAL JOURNAL OF MANAGEMENT AND DEVELOPMENT STUDIES (IJMDS)
Get PDFEksu INTERNATIONAL JOURNAL OF MANAGEMENT AND DEVELOPMENT STUDIES (IJMDS)
Published by
THE DEPARTMENT OF BUSINESS ADMINISTRATION, FACULTY OF MANAGEMENT SCIENCES, EKITI STATE UNIVERSITY, ADO EKITI, NIGERI
Nigerian Journal of Banking and Financial Issues
Get PDFThe Nigerian Journal of Banking and Financial issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is biannual Journal published by the department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
The Journal contains analysis of Banking and Financial Issues relevant to the Nigeria Economic experience and financial policies. Opinions expressed herein are those of the authors are not necessarily those of the Department of Finance.
All right reserved. No part of this publication may be reproduced or transmitted in any form or by any means. electronic, mechanical, photocopying, recording or otherwise of series in any retrieval system of any nature, without the prior written permission of the copyright holder
Nigerian Journal of Banking and Financial Issues (NJBFI): INCLUSIVE INSURANCE AND THE DEVELOPMENT OF MICRO, SMALL AND MEDIUM SCALE ENTREPRISES IN NIGERIA: A PANACEA FOR SDG 8
No full textInclusive insurance guarantees easy access to insurance services by enabling the most vulnerable and disadvantaged groups in society to take an active role in development and protect themselves against socioeconomic shocks. Many of the rural poor in Nigeria do not have access to typical insurance providers and services. This study looked at how the performance of micro, small, and medium-sized enterprises (MSMEs) in Nigeria was impacted by inclusive insurance, a panacea for SDG-8. Questionnaires and the survey research design approach were used to collect data. Data were analysed using the Pearson Chi-square method. The findings showed that although inclusive insurance had a positive and significant influence on the operations and growth of MSMEs, effective access to insurance services by MSMEs in Nigeria was hampered by a lack of knowledge and education campaigns on the topic. In order to promote inclusive insurance, the study\u27s suggestions include a policy roadmap for increasing access points to insurance services in underserved and rural areas, as well as concerted measures to increase access points to more rural areas and enhance infrastructure
Eksu INTERNATIONAL JOURNAL OF MANAGEMENT AND DEVELOPMENT STUDIES (IJMDS)
Get PDFEksu INTERNATIONAL JOURNAL OF MANAGEMENT AND DEVELOPMENT STUDIES (IJMDS)
Published by
THE DEPARTMENT OF BUSINESS ADMINISTRATION, FACULTY OF MANAGEMENT SCIENCES, EKITI STATE UNIVERSITY, ADO EKITI, NIGERI
Nigerian Journal of Banking and Financial Issues (NJBFI)
No full textThis paper analyzed the extent to which foreign exchange demand affects migration, economic growth, and inflation utilizing quarterly data from the Central Bank of Nigeria\u27s Statistical Bulletin. Autoregressive Distributed Lag (ARDL) technique was used to analyze the data. The study showed that migration rate had significant postive relationship with demand for foreign currency (t=0.196342 and p=0.0450<0.05). Negative significant relationship was also observed between economic output product (GDP) and foreign exchange demand (t=-0.274375, p=0.0047<0.05). There was also insignificant positive relationship between the rate of inflation and foreign exchange demand (t=-0.110176, p=0.09126<0.05). The conclusion of testing the autoregressive distributive lag model (ARDL) hypothesis is that migration rate has a positive substantial influence on Nigeria\u27s demand for foreign currency both in the short run and the long run. This result corroborated the Japa syndrome that is currently ravaging the less developed countries, particularly in Nigeria. The study recommended for policies that would mitigate the effect currency depreciation and curb inflation, accelerate economic growth thereby reducing migration rate and ensure that foreign exchange demand channeled towards economic activities
Nigerian Journal of Banking and Financial Issues (NJBFI): CAPITAL STRUCTURE, CORPORATE GOVERNANCE AND COST EFFICIENCY IN SELECTED LISTED INSURANCE FIRMS IN NIGERIA
No full textThe study examined the capital structure\u27s effect on the listed insurance organizations as well as the cost effectiveness of a sample of Nigerian insurance firms that were publicly traded. Additionally, it assessed the impact of corporate governance on the selected listed insurance institutions in Nigeria while taking cost effectiveness and capital structure into consideration. Between 2005 and 2020, the post-consolidation period and the time the nation was impacted by the infamous corona virus that shook the entire world, they were with the intention of providing information on the interactions between capital structure, corporate governance, and cost efficiency in a number of Nigerian insurance organizations. This study\u27s goal is to investigate the capital structure, corporate governance, and cost effectiveness of a sample of Nigeria\u27s listed insurance institutions. The study used a descriptive survey design and secondary data from 10 listed insurance firms in Nigeria. Stochastic Frontier Analysis (SFA) was used to test the data. Business governance factors including board size (t= 2.285, p < 0.05) and board expertise (t=-2.311, p< 0.05) have a substantial impact on the capital structure. The results also showed that variables that worked as mediators between corporate governance and cost effectiveness, such as board size (t=-2.807, p < 0.05), board independence, and board composition, were both statistically significant at the 5% level. The findings of the investigation showed a strong correlation between capital structure, corporate governance, and cost effectiveness
Nigerian Journal of Banking and Financial Issues (NJBFI): ASSESSING THE EFFECT OF BOND INSURANCE ON THE DEVELOPMENT OF THE NIGERIAN CAPITAL MARKET
No full textThis research investigated the effect of bond insurance premiums on market capitalization in Nigeria using data gathered from the World Development Indicator, Global Financial Development Database, and the Central Bank of Nigeria statistical bulletin, from 2000 to 2023. The data were analyzed using the ARDL co-integration approach, and the results showed that, although only in the long run, bond insurance premiums had a positive effect on market capitalization in Nigeria, as did bond insurance claims. The result shows normality test statistics of 1.641757 (p > 0.05), LM test statistics of 0.2124238 (p > 0.05), heteroscedasticity test statistics of 0.241894 (p > 0.05) indicate that the assumption of normality, homoscedasticity and no serial autocorrelation are satisfied. Also, that bond insurance premiums and claims positively affect market capitalization, with a significant long-term impact of 0.93% and 1.89%, respectively. Finally, there was no causal relationship between bond insurance premiums and market capitalization in Nigeria. According to the study\u27s findings, bond insurance significantly contributes to the expansion of Nigeria\u27s capital market. As a result, financial sector regulators must encourage bond issuers to participate in bond insurance programs in order to increase market capitalization in the nation
Nigerian Journal of Banking and Financial Issues (NJBFI): CAPITAL STRUCTURE, CORPORATE GOVERNANCE AND COST EFFICIENCY IN SELECTED LISTED INSURANCE FIRMS IN NIGERIA
No full textThe study examined the capital structure\u27s effect on the listed insurance organizations as well as the cost effectiveness of a sample of Nigerian insurance firms that were publicly traded. Additionally, it assessed the impact of corporate governance on the selected listed insurance institutions in Nigeria while taking cost effectiveness and capital structure into consideration. Between 2005 and 2020, the post-consolidation period and the time the nation was impacted by the infamous corona virus that shook the entire world, they were with the intention of providing information on the interactions between capital structure, corporate governance, and cost efficiency in a number of Nigerian insurance organizations. This study\u27s goal is to investigate the capital structure, corporate governance, and cost effectiveness of a sample of Nigeria\u27s listed insurance institutions. The study used a descriptive survey design and secondary data from 10 listed insurance firms in Nigeria. Stochastic Frontier Analysis (SFA) was used to test the data. Business governance factors including board size (t= 2.285, p < 0.05) and board expertise (t=-2.311, p< 0.05) have a substantial impact on the capital structure. The results also showed that variables that worked as mediators between corporate governance and cost effectiveness, such as board size (t=-2.807, p < 0.05), board independence, and board composition, were both statistically significant at the 5% level. The findings of the investigation showed a strong correlation between capital structure, corporate governance, and cost effectiveness
Nigerian Journal of Banking and Financial Issues (NJBFI): IFRS DISCLOSURE AND FINANCIAL PERFORMANCE OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
No full textIFRS are principles that establish the general rules by which specific items in the financial statement are to be treated. Therefore, the broad objective of the study is to examine IFRS Disclosure and Financial Performance of Listed Non-Financial Firms in Nigeria. However, the specific objective is to assess how the relationship between disclosure of financial information under IFRS and the firm’s performance has been a concern of contemporary research. Prior researchers in developed and developing economies have provided robust evidence of company disclosure practices under IFRS as they influence performance. This study has therefore examined the influence of IFRS disclosure and financial performance of listed non-financial firms in Nigeria. The study was premised on stewardship theory. The population of the study constitutes 173 quoted companies on the floor of the Nigerian Exchange Group (NEG) as at 31 December 2022. Sixty-four (64) listed non-financial companies were used in the final analysis. In order to arrive at the testable conclusion, purposive sampling technique was adopted. The study utilized a mix of descriptive, unit root and OLS regression analytical techniques. Findings revealed that there is substantial relationship between total disclosure and firms\u27 financial success in the context of listed non-financial enterprises in Nigeria. Also, higher profitability was found to be associated with extensive accounting disclosure. The conclusion of this study is that there is a relationship between company disclosure levels and financial performance. According to this finding, businesses should be concerned with disclosing pertinent information as cheaply as feasible in order to mitigate the potential impact that comprehensive required and voluntary disclosure may have on financial performance
Nigerian Journal of Banking and Financial Issues: ANALYSIS OF MOTIVATING FACTORS FOR INFORMAL ENTREPRENEURSHIP ACTIVITIES IN NIGERIA
No full textCALL FOR PAPERS
The Nigerian Journal of Banking and Financial Issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is a biannual Journal published by the Department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
Interested contributors are invited to submit well researched papers which have not been provide published either in whole or part in any journal.
Three copies of the manuscript should be submitted, each copy of which must be typed on one
side of A4 sized paper only and double spaced.
Manuscript should not exceed twenty pages, including notes, references, table and chart.
The cover page of each manuscript should contain title of papers, names(s) and additional
authors(s).
An abstract of not more than 120 words typed single spaced on a separate sheet book precede the
main text. The short abstract should summarize the main argument of the article.
Bibliographical references should be indicated in the text using the author data style with page
numbers where necessary. All reference must adopt America psychological Associate (APA)
current style and reference pattern.
Table and charts should be placed as close as possible to relevant discussion. End noted should
be numbered consequently, and should not solely comprise references.
Manuscript which do not conform to these guidelines may be returned unprocessed.
All manuscript and other correspondences should be sent to:
The Managing Editor,
Journal of Banking and Financial Issues,
C/0 Department of Finance,
Ekiti State University,
Ado Ekiti, Nigeria.
OR
The Business Editor:
Department of Finance
E-mail: [email protected]