Browsing by Author "Etudaiye-Muhtar, O.F"

Now showing 1 - 5 of 5
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    Banks’ Price Behaviour and its Determinants in Nigeria
    (2021-06-30) Etudaiye-Muhtar, O.F; Jimoh, A.T; Abdurraheem, A.A; Ibrahim, W.O
    Bank-based financial systems, through the financial intermediation function, enhance economic growth. However, in the performance of this function, banks are faced with issues such as information asymmetry and inefficient institutional qualities that may lead to increased operational costs which reflects as social costs of financial intermediation and are passed on to economic units. Consequently, banks may be confronted with the problem of determining the right price for its products and services. On this premise, this study examines the pricing behaviour of Nigerian commercial banks and its determinants. The random effects regression estimation technique is used on annual panel data of 15 publicly listed Nigerian commercial banks for the period 2005 – 2017. Results from the investigation show that bank-specific factors such as bank size (0.871, p<0.05) liquidity (0.256, p<0.01), credit quality (0.095, p<0.1), and inflation (0.436, p<0.05) as a macroeconomic variable, have positive and significant effects on bank price behaviour. These findings suggest that the variables are associated with higher social costs of financial intermediation in commercial banks in Nigeria. It is recommended that in order to lower borrowing costs, banks should endeavour to reduce the level of these bank-specific factors which would lead to reduction in costs associated with information asymmetry and inefficiency. In terms of inflation, banks are recommended to factor in inflation related costs into their pricing process while monetary policy regulators should put in place, policies that target reduction in inflation rates.
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    Concentrated Institutional Shareholdings and Dividend Payout of Deposit Money Banks in Nigeria
    (Faculty of Management Sciences, Benue State Umiversity, Makurdi, 2019) Olanrewaju, O.J; Abdulkadir, R.I; Etudaiye-Muhtar, O.F
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    Determinants of financial deepening in Nigeria
    (Department of Accounting, Kogi State University, 2013) Abdullahi, Ibrahim B.; Etudaiye-Muhtar, O.F; Abdulkadir, Rihanat Idowu
    The purpose of this paper is to examine the determinants of financial deepening in Nigeria with a specific focus on how financial sector policies, real interest rate and the level of economic activity affect financial deepening. The study is carried out using the Bounds Test approach to determine the long-run and short run relationship between financial deepening, real output and financial sector policies employing time series data. A financial liberalization index is constructed to show the effect of financial liberalization on financial deepening. The study finds out that in the long run, both the level of economic activity and the real interest rate have a positive effect on financial deepening with only the real interest rate being significant. The financial liberalization index is seen to have a negative and significant effect on financial deepening. The paper recommends the removal of interest rate controls and advocates for the effective implementation of financial sectors policies in order to deepen the Nigerian Financial system.
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    Determinants of Non-Life Insurance Sector Development in Nigeria
    (2021-12) Etudaiye-Muhtar, O.F; Agboola, I
    The low rates of the insurance market’s density and penetration in Nigeria put to question the level of development and the determinants of the sector. This study, therefore, investigates whether the issues are related to dynamics in demographic, macroeconomics, and institutional factors for the period 1987 to 2018. The autoregressive distributed lags estimation technique is used to examine the factors that determine non-life insurance sector development in Nigeria. Findings from the study showed that trade openness, real interest rate, population growth, and financial development are positive and significant factors affecting the demand and supply of non-life insurance services while the level of education is a negative (positive) and significant factor that affects the demand (supply) for non-life insurance services. Based on the findings, the study recommends, among others that, the Nigerian government put in place measures to increase exports and enhance financial development to promote non-life insurance sector development. Furthermore, the real interest rates should be checked and monitored through monetary policy actions of the apex banking institution. Policies and strategies such as cross-selling may be introduced to intensify and consolidate the cooperation between the insurance and banking sectors to ensure that the insurance market is made more competitive and efficient in-service delivery.
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    The Effect of Global Factors on the Nigerian Stock Market Performance.
    (Nigerian Accounting Association, 2013) Abdulkadir, R.I; Olatinwo, O.A; Etudaiye-Muhtar, O.F