Pub Date : 1900-01-01DOI: 10.47509/iajfa.2022.v03i01.02
G. Lakshmi
COVID-19, first originated in November 2019 in the city of Wuhan, China. The virus spread from China to almost all the countries of the world. India is not an exception to this malady. The virus was carried to India by students studying in China and Indian workers from Italy who returned to India. Italy had become a centre of the corona virus after China. All of a sudden the central government was forced to declare a complete lockdown throughout the country on 25 March 2020. Movement of labourers and all the economic activities came to a standstill. In the initial phase government was committed to prevent the spread of the disease because even advanced countries like USA, France, England, Germany, Italy failed to stop the spread of the virus, leading to large scale human deaths. The Indian economy was rapidly moving towards development. But this pandemic has given a severe blow to all the economic activities in India. Within a month, unemployment rose from 6.7 per cent on 15 March, 26 per cent on 19 April to 7.24 per cent on 20 January 2021 During the lockdown, an estimated 14 crore people lost employment1. This paper discusses what is the next economic situation after COVID-19, that is positive and negative circumstances. This is a controversial subject. So, here I am going to analyze what are the situation we will face next and also find out what are the solution recommended by the government to overcome this current scenario with the help of secondary data collection.
{"title":"CORONA - WHAT IS NEXT?","authors":"G. Lakshmi","doi":"10.47509/iajfa.2022.v03i01.02","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i01.02","url":null,"abstract":"COVID-19, first originated in November 2019 in the city of Wuhan, China. The virus spread from China to almost all the countries of the world. India is not an exception to this malady. The virus was carried to India by students studying in China and Indian workers from Italy who returned to India. Italy had become a centre of the corona virus after China. All of a sudden the central government was forced to declare a complete lockdown throughout the country on 25 March 2020. Movement of labourers and all the economic activities came to a standstill. In the initial phase government was committed to prevent the spread of the disease because even advanced countries like USA, France, England, Germany, Italy failed to stop the spread of the virus, leading to large scale human deaths. The Indian economy was rapidly moving towards development. But this pandemic has given a severe blow to all the economic activities in India. Within a month, unemployment rose from 6.7 per cent on 15 March, 26 per cent on 19 April to 7.24 per cent on 20 January 2021 During the lockdown, an estimated 14 crore people lost employment1. This paper discusses what is the next economic situation after COVID-19, that is positive and negative circumstances. This is a controversial subject. So, here I am going to analyze what are the situation we will face next and also find out what are the solution recommended by the government to overcome this current scenario with the help of secondary data collection.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126166871","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i01.01
Musa Adeiza Farouk, Latifat Abdussalam Abdul Fatah, Tijjani Muhammed Shehu, A. A. Aliyu
Aim/Purpose–It is becoming clear that the existing ownership structure in commercial banks in Nigeria is inefficient because it fails to protect the owners’ interest as a result of dwindling financial performance leading to little or no payment of dividend. Based on this, the study investigates the effect of ownership structure and financial performance on dividend pay-out ratio of Nigerian listed commercial banks. Design/methodology/approach – The research design is causal comparative design. The population is fourteen listed commercial banks in Nigeria as at 31st December, 2017. The period covered is from 2009 to 2017 and secondary data source was employed. Data were retrieved from the banks’ annual statement of accounts. The study adopted the generalized least square techniques of regression for the analysis. Findings – The study documented that share owned by managers (managerial ownership) and shares owned by foreigners (foreign ownership) have negative but significant impact on dividend pay-out ratio of commercial banks in Nigeria. Concentrated ownership was reported to have negative and insignificant influence on dividend pay-out ratio of banks. Furthermore, shares owned by institutional investors have positive and significant effect on dividend pay-out ratio of banks. Also, after moderation with financial performance, managerial ownership and shares owned by foreign investors (foreign ownership) significantly influence dividend pay-out ratio positively except for ownership concentration which has positive effect but weak effect on dividend pay-out ratio of commercial banks. Meanwhile, after moderation institutional ownership now negatively, but significantly impact on dividend pay-out of banks. Research implications/limitations – The implication of the findings is that ownership structure and financial performance is a driver to increased dividend payout ratio of listed deposit money banks in Nigeria. Originality/value/contribution – Listed commercial banks are one of the most active sectors in Nigeria which help maintain liquidity in the Nigerian system. This sector which plays vital roles has experienced crises such as withdrawal of government fund into Treasury Single Account (TSA) and thus created a liquidity problem. These happenings cannot be disconnected from the banks’ ability or inability to continuously pay dividend to their shareholders.
{"title":"OWNERSHIP STRUCTURE, FINANCIAL PERFORMANCE AND DIVIDEND PAYOUT RATIO OF LISTED COMMERCIAL BANKS IN NIGERIA","authors":"Musa Adeiza Farouk, Latifat Abdussalam Abdul Fatah, Tijjani Muhammed Shehu, A. A. Aliyu","doi":"10.47509/iajfa.2022.v03i01.01","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i01.01","url":null,"abstract":"Aim/Purpose–It is becoming clear that the existing ownership structure in commercial banks in Nigeria is inefficient because it fails to protect the owners’ interest as a result of dwindling financial performance leading to little or no payment of dividend. Based on this, the study investigates the effect of ownership structure and financial performance on dividend pay-out ratio of Nigerian listed commercial banks. Design/methodology/approach – The research design is causal comparative design. The population is fourteen listed commercial banks in Nigeria as at 31st December, 2017. The period covered is from 2009 to 2017 and secondary data source was employed. Data were retrieved from the banks’ annual statement of accounts. The study adopted the generalized least square techniques of regression for the analysis. Findings – The study documented that share owned by managers (managerial ownership) and shares owned by foreigners (foreign ownership) have negative but significant impact on dividend pay-out ratio of commercial banks in Nigeria. Concentrated ownership was reported to have negative and insignificant influence on dividend pay-out ratio of banks. Furthermore, shares owned by institutional investors have positive and significant effect on dividend pay-out ratio of banks. Also, after moderation with financial performance, managerial ownership and shares owned by foreign investors (foreign ownership) significantly influence dividend pay-out ratio positively except for ownership concentration which has positive effect but weak effect on dividend pay-out ratio of commercial banks. Meanwhile, after moderation institutional ownership now negatively, but significantly impact on dividend pay-out of banks. Research implications/limitations – The implication of the findings is that ownership structure and financial performance is a driver to increased dividend payout ratio of listed deposit money banks in Nigeria. Originality/value/contribution – Listed commercial banks are one of the most active sectors in Nigeria which help maintain liquidity in the Nigerian system. This sector which plays vital roles has experienced crises such as withdrawal of government fund into Treasury Single Account (TSA) and thus created a liquidity problem. These happenings cannot be disconnected from the banks’ ability or inability to continuously pay dividend to their shareholders.","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133345860","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 : 1900-01-01DOI: 10.47509/iajfa.2022.v03i02.03
Ihemeje. J. C., Ugwuanyi, Geogina Obinne, Efanga, Udeme Okon
: The study investigated the effect of non-performing loans on bank profitability in Nigeria. This study adopts among other techniques the Ordinary Least Squares (OLS) test method. A multiple regression model was formulated to ascertain the relationship between the non-performing loan and banks profitability variables. Our findings establish that Non-performing Loan exhibited negative and insignificant relationship with Return on Capital Employed, and Performing Loan shows a positive and significant relationship with Return on Capital Employed. However, our result with negative coefficients for Non-performing Loan (NPL) indicates that if they are increased, can also decrease Return on Capital Employed (ROCE). The study therefore advocate that there should be a committed effort by regulation agents to reduce monitor loan access issues and utilization of borrowed fund through financial probe, with sanction implemented to save the future, also government should create an effective and favourable socio-political environment with facilities that will attract more investment into the country
{"title":"Non-performing Loans and Banks’ Profitability in Nigeria","authors":"Ihemeje. J. C., Ugwuanyi, Geogina Obinne, Efanga, Udeme Okon","doi":"10.47509/iajfa.2022.v03i02.03","DOIUrl":"https://doi.org/10.47509/iajfa.2022.v03i02.03","url":null,"abstract":": The study investigated the effect of non-performing loans on bank profitability in Nigeria. This study adopts among other techniques the Ordinary Least Squares (OLS) test method. A multiple regression model was formulated to ascertain the relationship between the non-performing loan and banks profitability variables. Our findings establish that Non-performing Loan exhibited negative and insignificant relationship with Return on Capital Employed, and Performing Loan shows a positive and significant relationship with Return on Capital Employed. However, our result with negative coefficients for Non-performing Loan (NPL) indicates that if they are increased, can also decrease Return on Capital Employed (ROCE). The study therefore advocate that there should be a committed effort by regulation agents to reduce monitor loan access issues and utilization of borrowed fund through financial probe, with sanction implemented to save the future, also government should create an effective and favourable socio-political environment with facilities that will attract more investment into the country","PeriodicalId":231219,"journal":{"name":"INDO-ASIAN JOURNAL OF FINANCE AND ACCOUNTING","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130468006","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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