Browsing by Author "Kolawole, Kayode David"
Now showing 1 - 5 of 5
Results Per Page
Sort Options
Item Determinants of Foreign Direct Investment and Its Causal Effect on Economic Growth in Nigeria(KCA Journal of Business Management, 2017) Olubunmi Florence, Osemene; Kolawole, Kayode David; Olanpeleke, Ibukun DanielForeign direct investment (FDI) is an important tool for the growth of any economy as it is more stable than several forms of capital flows. The consensus is that it provides the much needed requirement for economic development and growth. However, evidences in Nigeria have shown FDI crowding out domestic firms and possible contraction of the economy thereby affecting industries and employment. Hence, this study primarily examined the determinants of FDI and its causal effect on the economic growth of Nigeria...Item Impact of Capital Structure on Performance of Deposit Money Banks in Nigeria(Center of Social and Economic Research, Federal University Dutse, Nigeria, 2021-12-05) Kolawole, Kayode David; Ibrahim, Rahji Ohize; Abdulmumin, Biliqees Ayoola; Ibrahim, Wasiu OluwatoyinThe appropriate financing mix is an important decision that influences the survival of any financial institution. Hence, the need to examine the capital structure and performance of Nigerian banks. Secondary data was sourced from annual reports of thirteen banks in Nigeria covering 2011 to 2020. Panel least square analysis was used to analyze the data obtained for the study. The findings showed that debt is a significant determinant of performance with coefficient values of 6.102075 at 5% significance level. The study further revealed that equity has a positive relationship with the performance of Nigerian deposit money banks with coefficient values of 2.097716 at a 1% significant level. Thus, the study concludes that capital structure has a significant impact on the performance of deposit money banks in Nigeria. Deposit money banks in Nigeria should try to finance from retained earnings and other forms of equity financing rather than relying on debt capital as debt has a negative impact on stakeholders' wealth maximization.Item Impact of Credit Management on Non-Performing Loans in Nigeria Commercial Banks(KJBM, 2019) Kolawole, Kayode David; Osemene, O. Florence; Ajayi, M. Adeniyi; Ajayi, Michael AdebayoBanks occupy vital position in every economy Nevertheless, there exists corporate governance failure in banks that results largely from customers sophistication and non-performing loans. The study examined credit management and non-performing loans of commercial banks in Nigeria. Ordered probit regression was used test the impact of bank specific control measures on non-performing loans in Nigerian commercial banks and vector autoregressive model was employed to examine the impact of macro-economic variables on non-performing loans in Nigerian commercial banks. The result of the regression analysis revealed that monitoring of loans usage by borrowers has significant impact on non-performing loans at 10 level of significance. The study concluded that bank specific control measures have significant impact on non-performing loans in Nigerian commercial banks. Banks should therefore ensure that credit officers perform periodic follow-ups on borrowers to ensure that loans are used for intended purposes to reduce the incidence of non - performing loans.Item Nexus between Deposit Money Bank Facilities and Performance of Small and Medium Scale Enterprises in Nigeria(Department of Business Administration, Osun State University, Osogbo, Osun State, Nigeria, 2020-11-15) Ajayi, Ezekiel Oluwole; Kolawole, Kayode David; Babalola, Haorayau Bolaji; Ibrahim, Wasiu OluwatoyinThe role of small and medium-scale enterprises as an engine of growth and promoters of economic development in the world cannot be overemphasized. The problems bedeviling the SMEs in Nigeria are numerous such as inadequate capital and inaccessible credit facilities. It is upon this, this study examined the impact of access to finance on the growth of small and medium-scale enterprises in Nigeria. The study employed secondary data obtained from the Central bank of Nigeria Statistical Bulletin. Autoregressive distributed lags model and granger causality tests were used to analyze the data obtained for the study. The study revealed that deposit money banks' loans and advances are significantly related to the growth of SMEs in Nigeria with a coefficient value of 1.336 at a 5% level of significance while the study revealed that deposit money banks' lending rates are negatively related to growth of SMEs in Nigeria with coefficient value of 1.601 at 5% level of significance. The study concluded that access to finance from deposit money banks affects the growth of small and medium-scale enterprises in Nigeria. It, therefore, recommended that relatively low-interest rate finances should be provided to small and medium-scale enterprises in Nigeria so as to enhance economic growth. The study also recommended that a national policy review that will increase the number of bank loans to SMEs should be pursued so as to realize the desired corporate and national goals.Item Operationalisation of Teasury Single Account and Fund Management(Department of Accounting and Finance and Business Administration, Fountain University, Osogbo, Nigeria, 2019) Salman, Ramat Titilayo; Osemene, Olubunmi Florence; Kolawole, Kayode DavidTreasury single account being a combined arrangement of government bank accounts allows the efficient management of public cash and also enables consistent monitoring of cash balances of government account. The high rate of corruption bedevilling Nigeria economy coupled with the recent financial crunch have necessitated operationalisation of the constitutional tool (TSA) across government ministries, parastatals, and extra ministerial departments with the primarygoal of reducing the siphoning of government fund, boosting revenue collection, and ensuring effective fund management. This study investigated the role of operationalised TSA in fund management by eliciting the opinion of accounting practitioners across northern and southern part of Nigeria. Specifically, the study evaluated the factors influencing the operationalisation of treasury single account as well as investigated the role of treasury single account on effective fund management. Finally, the study evaluated the effect of treasury single account on government transparency. The study employed primary data through administration of structured questionnaire.