Pub Date : 2019-01-14DOI: 10.19085/JOURNAL.SIJBPG050701
S. Oshadare, S. O. Ashamu, A. Raheem, D Fapetu, J. Ajayi, P. Ojeaga
The study examined the effect of value creation through public debt on economic growth in Nigeria between 1986 and 2016 using Autoregressive Distributed Lag (ARDL). The variables used in the study are a real gross domestic product, internal debt, external debt and Total debt service of Nigeria. They were tested for stationarity using the Augmented Dickey-Fuller and Philip Perron test. The result showed that the variables are stationary at first differencing. Co-integration test was also performed and the result revealed the presence of co-integration between public debt and economic growth. The co-integration results show that public debt and economic growth have long run relationship. The findings of the ARDL model via short run model result and long-run model result between public debt and economic growth in Nigeria is that in the short run external debt and internal debt are negatively related to the real gross domestic product but has effect on the economic growth, external debt is negatively related but has no effect to the economic growth. Whereas in the long run model, internal debt and debt service are also negatively related to the real gross domestic product but significant to the economic growth, external debt is positively related but has no effect to the economic growth. The study concluded that public debt and economic growth have long-run relationship, and they are positively related if the government will create the value that citizens desired by being sincere with the loan obtained and use it for the development of the economy rather than channel the funds to their personal benefit.
{"title":"Value Creation through Public Debt and Economic Growth of Nigeria","authors":"S. Oshadare, S. O. Ashamu, A. Raheem, D Fapetu, J. Ajayi, P. Ojeaga","doi":"10.19085/JOURNAL.SIJBPG050701","DOIUrl":"https://doi.org/10.19085/JOURNAL.SIJBPG050701","url":null,"abstract":"The study examined the effect of value creation through public debt on economic growth in Nigeria between 1986 and 2016 using Autoregressive Distributed Lag (ARDL). The variables used in the study are a real gross domestic product, internal debt, external debt and Total debt service of Nigeria. They were tested for stationarity using the Augmented Dickey-Fuller and Philip Perron test. The result showed that the variables are stationary at first differencing. Co-integration test was also performed and the result revealed the presence of co-integration between public debt and economic growth. The co-integration results show that public debt and economic growth have long run relationship. The findings of the ARDL model via short run model result and long-run model result between public debt and economic growth in Nigeria is that in the short run external debt and internal debt are negatively related to the real gross domestic product but has effect on the economic growth, external debt is negatively related but has no effect to the economic growth. Whereas in the long run model, internal debt and debt service are also negatively related to the real gross domestic product but significant to the economic growth, external debt is positively related but has no effect to the economic growth. The study concluded that public debt and economic growth have long-run relationship, and they are positively related if the government will create the value that citizens desired by being sincere with the loan obtained and use it for the development of the economy rather than channel the funds to their personal benefit.","PeriodicalId":153381,"journal":{"name":"Scholedge International Journal of Business Policy & Governance ISSN 2394-3351","volume":"71 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127319533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-01-09DOI: 10.19085/JOURNAL.SIJBPG050601
Kajola Sunday Olugboyega, Adedeji Samuel Babatunji, O. Jayeola, Babatolu Ayorinde Tobi
Deposit money banks are concerned with the provision of credit facilities in form of loans and advances to customers. These loans and advances are expected to be repaid by customers in line with the agreement reached with their bankers. Customers’ default in the repayment of loans and advances at the agreed period may lead to bad and doubtful debts and this can affect the financial health, profitability and going concern status of the bank. This study empirically explored the effect of credit risk management on the financial performance of ten listed deposit money banks in Nigeria for the period, 2005-2016. Credit risk management, the independent variable, was surrogated by three parameters- Non-performing Loan to total Loan Ratio (NPLLR); Non-performing Loan to total Deposit Ratio (NPLDR) and Capital Adequacy Ratio (CAR). Return on asset (ROA) and Return on equity (ROE) was used as proxies for financial performance. Using the Random effects generalised least squares (GLS) regression as data estimation technique, the study revealed that all the three credit risk parameters have a significant relationship with ROA and ROE (p< 0.05).Based on the findings, the study recommended that the management of deposit money banks should develop rigorous and robust credit policies that will enable banks to effectively assess the creditworthiness of their customers. The regulatory agencies should also come up with modern credit risk measurements, identification and control. Prompt and necessary action should also be taken against the management of any bank that flouts their credit risk guidelines in order to avoid unpleasant distress in the financial system.
{"title":"Effect of Credit Risk Management on Financial Performance of Nigerian Listed Deposit Money Banks","authors":"Kajola Sunday Olugboyega, Adedeji Samuel Babatunji, O. Jayeola, Babatolu Ayorinde Tobi","doi":"10.19085/JOURNAL.SIJBPG050601","DOIUrl":"https://doi.org/10.19085/JOURNAL.SIJBPG050601","url":null,"abstract":"Deposit money banks are concerned with the provision of credit facilities in form of loans and advances to customers. These loans and advances are expected to be repaid by customers in line with the agreement reached with their bankers. Customers’ default in the repayment of loans and advances at the agreed period may lead to bad and doubtful debts and this can affect the financial health, profitability and going concern status of the bank. This study empirically explored the effect of credit risk management on the financial performance of ten listed deposit money banks in Nigeria for the period, 2005-2016. Credit risk management, the independent variable, was surrogated by three parameters- Non-performing Loan to total Loan Ratio (NPLLR); Non-performing Loan to total Deposit Ratio (NPLDR) and Capital Adequacy Ratio (CAR). Return on asset (ROA) and Return on equity (ROE) was used as proxies for financial performance. Using the Random effects generalised least squares (GLS) regression as data estimation technique, the study revealed that all the three credit risk parameters have a significant relationship with ROA and ROE (p< 0.05).Based on the findings, the study recommended that the management of deposit money banks should develop rigorous and robust credit policies that will enable banks to effectively assess the creditworthiness of their customers. The regulatory agencies should also come up with modern credit risk measurements, identification and control. Prompt and necessary action should also be taken against the management of any bank that flouts their credit risk guidelines in order to avoid unpleasant distress in the financial system. ","PeriodicalId":153381,"journal":{"name":"Scholedge International Journal of Business Policy & Governance ISSN 2394-3351","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133629254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-10-02DOI: 10.19085/JOURNAL.SIJBPG050501
M.S.S. El-Namaki
Presidents Trump and Xi are approaching a game theory Nash construct. Both, predecessors included, have colluded into creating a race towards dominance of global trade, finance and technology. China by, primarily, enhancing the consumption share of US GDP and America by feeding Chinese insatiable hunger for technology. They created a dangerous measure of interdependence that translated into a mutually exclusive “win” situation. The game would have continued unchallenged was it not for President Trump’s sudden realization that the probability of a win-win outcome is low. He then tampered with the underlying premises of the game and a new dynamic emerged. How will the game evolve? This will be the focus of the following article. The article applies an eclectic mix of conceptual frameworks including Game Theory, Nash equilibrium and Hofstede’ culture consequences, among others, in order to formulate a likely scenario. It analytically places the two presidents within a Nash equilibrium prisoners’ dilemma framework with each considering his strategic moves while eying shadow moves by the other.
{"title":"Trump, Xi and Game Theory","authors":"M.S.S. El-Namaki","doi":"10.19085/JOURNAL.SIJBPG050501","DOIUrl":"https://doi.org/10.19085/JOURNAL.SIJBPG050501","url":null,"abstract":"Presidents Trump and Xi are approaching a game theory Nash construct. Both, predecessors included, have colluded into creating a race towards dominance of global trade, finance and technology. China by, primarily, enhancing the consumption share of US GDP and America by feeding Chinese insatiable hunger for technology. They created a dangerous measure of interdependence that translated into a mutually exclusive “win” situation. The game would have continued unchallenged was it not for President Trump’s sudden realization that the probability of a win-win outcome is low. He then tampered with the underlying premises of the game and a new dynamic emerged. How will the game evolve? This will be the focus of the following article. The article applies an eclectic mix of conceptual frameworks including Game Theory, Nash equilibrium and Hofstede’ culture consequences, among others, in order to formulate a likely scenario. It analytically places the two presidents within a Nash equilibrium prisoners’ dilemma framework with each considering his strategic moves while eying shadow moves by the other.","PeriodicalId":153381,"journal":{"name":"Scholedge International Journal of Business Policy & Governance ISSN 2394-3351","volume":"196 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115959230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-07-09DOI: 10.19085/JOURNAL.SIJBPG050301
D. Haruna, Lubabatu Mansur Kwambo, S. Hassan
This study examines the effect of Board Characteristics on Earnings Quality of Nigeria Conglomerate firms. Data were extracted from the audited accounts of Nigeria conglomerate firms using secondary source of data collection. Two step regression was employed in analyzing the data extracted. The result indicated that the board characteristics proxies have a significant impact on earnings quality of Nigerian Conglomerate firms. This establishes the fact that board characteristics play a significant role in checkmating the unethical behaviours of managers in the Nigerian conglomerate firms and thus improving the earnings quality. The study therefore, recommends that the proportion of non executive directors should be maximized. Emphases should be on experience and objectivity when appointing women as members on board of directors not by mere quest for gender sensitivity. The implication of the findings is that firm with higher number of non executive and women directors are more likely to report quality earnings.
{"title":"Board Characteristics and Earnings Quality of Listed Conglomerate Firms in Nigeria","authors":"D. Haruna, Lubabatu Mansur Kwambo, S. Hassan","doi":"10.19085/JOURNAL.SIJBPG050301","DOIUrl":"https://doi.org/10.19085/JOURNAL.SIJBPG050301","url":null,"abstract":"This study examines the effect of Board Characteristics on Earnings Quality of Nigeria Conglomerate firms. Data were extracted from the audited accounts of Nigeria conglomerate firms using secondary source of data collection. Two step regression was employed in analyzing the data extracted. The result indicated that the board characteristics proxies have a significant impact on earnings quality of Nigerian Conglomerate firms. This establishes the fact that board characteristics play a significant role in checkmating the unethical behaviours of managers in the Nigerian conglomerate firms and thus improving the earnings quality. The study therefore, recommends that the proportion of non executive directors should be maximized. Emphases should be on experience and objectivity when appointing women as members on board of directors not by mere quest for gender sensitivity. The implication of the findings is that firm with higher number of non executive and women directors are more likely to report quality earnings.","PeriodicalId":153381,"journal":{"name":"Scholedge International Journal of Business Policy & Governance ISSN 2394-3351","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130227561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-07-09DOI: 10.19085/JOURNAL.SIJBPG050401
A. A. Naikoo, S. S. Thakur, T. Guroo
Kashmir Valley is known as place where people are embraced with multicultural and multilingual atmosphere. Gujjars are the tribal group mostly residing on hilly and mountainous regions of Valley with different traditions, rituals and language. They are economically poor, socially backward, but culturally stable. Their economic profile is poor than the general population of region. They are suffering from so many issues in their day today life. Their housing, sanitation, Education, electricity, health care facilities are very low sub-standard than different sections of population, Also Government has not provided them the basic assets to eradicate the tribal poverty. The literacy rate among Gujjars of south Kashmir is also very low. This paper is based on both primary and secondary data and tries to analyze the magnitude of socio-economic conditions of different parameters and also this paper contains some suggestions, which needs to be implement on the ground level in order to eradicate their socio economic problems.
{"title":"Socio-Economic Conditions of Gujjars in South Kashmir Their Challenges and Strategies","authors":"A. A. Naikoo, S. S. Thakur, T. Guroo","doi":"10.19085/JOURNAL.SIJBPG050401","DOIUrl":"https://doi.org/10.19085/JOURNAL.SIJBPG050401","url":null,"abstract":"Kashmir Valley is known as place where people are embraced with multicultural and multilingual atmosphere. Gujjars are the tribal group mostly residing on hilly and mountainous regions of Valley with different traditions, rituals and language. They are economically poor, socially backward, but culturally stable. Their economic profile is poor than the general population of region. They are suffering from so many issues in their day today life. Their housing, sanitation, Education, electricity, health care facilities are very low sub-standard than different sections of population, Also Government has not provided them the basic assets to eradicate the tribal poverty. The literacy rate among Gujjars of south Kashmir is also very low. This paper is based on both primary and secondary data and tries to analyze the magnitude of socio-economic conditions of different parameters and also this paper contains some suggestions, which needs to be implement on the ground level in order to eradicate their socio economic problems.","PeriodicalId":153381,"journal":{"name":"Scholedge International Journal of Business Policy & Governance ISSN 2394-3351","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132944976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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