EFFECT OF MONETARY POLICY ON FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study investigated the effect of monetary policy on the financial performance of twelve listed Deposit Money Banks (DMBs) in Nigeria over ten (10) years (2010 – 2019). Monetary policy is proxied by Loan to Deposit Ratio (LDR), Loan to Asset Ratio (LAR), and Central Bank of Nigeria Lending Rate (CBNLR), while financial performance was proxied by Return on Asset (ROA). The theory of financial intermediation and the institutional theory formed the bedrock of this investigation. The study adopted the ex-post facto research design. Secondary data used in the study were obtained from the audited financial statements of the sampled DMBs listed on the Nigerian Stock Exchange (NSE). Descriptive statistics, Pearson correlation and panel regression model were employed for data analyses using STATA version 13. The results showed that LDR has a significant positive effect on the financial performance of DMBs listed in Nigeria. This result is consistent with the two theories used in the study. The result further indicated that LAR has a significant negative effect on the financial performance of DMBs listed in Nigeria. Also, the study revealed that CBNLR has an insignificant negative effect on the financial performance of listed DMBs. Following from the above findings, the study recommended that the management of DMBs in Nigeria should seek to increase the LDR of their respective banks to enhance their profitability. Furthermore, DMBs should not rely on LAR and CBNLR as a financial performance-enhancing strategy since the outcome of the study indicated their effects as negative and mixed respectively. The study also recommended that further research should include unquoted DMBs operating in Nigeria to enhance the generalization of the findings.
Related Project Materials
THE ORGANIZATION OF AFRICAN UNITY AND CONFLICT MANAGEMENT IN THE NIGERIAN CIVIL WAR
Introduction
The founding of the Organization of African Unity in May, 1963 ended the rivalry among short-lived African...
EXAMINING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON COMMUNITY HEALTH
ABSTRACT: This study examined the Impact of Early Childhood Education on Community Health. The objectives of...
THE ROLE OF EARLY CHILDHOOD EDUCATION IN REDUCING FOOD WASTE
ABSTRACT: This research explores the role of early childhood education in reducing food waste among young children. Educating children about f...
DESIGN AND IMPLEMENTATION OF COMPUTER BASED RESULT MANAGEMENT INFORMATION SYSTEM (A CASE STUDY OF CARITAS UNIVERSITY)
BACKGROUND OF THE STUDY
Caritas University, Amorji Nike, Enugu, is a private University approved by the...
AN ASSESSMENT OF THE USE OF ICT IN TEACHING BIOLOGY IN SELECTED SECONDARY SCHOOLS
BACKGROUND OF THE STUDY
Biology is a subject that receives a great deal of attention. Its comprehension...
PHARMACOGNOSTIC, NUTRITIONAL AND TOXICITY STUDIES ON THE AERIAL PART OF DAUCUS CAROTA L. (APIACEAE)
Abstract
Daucus carota (L.) commonly known as carrot belongs to the family of Apiaceae. The aerial part is used as component of livestock...
NUTRITIONAL STATUS OF UNDER-FIVE CHILDREN AND ASSOCIATED FACTORS
ABSTRACT
The nutritional status of children under five years is an indicator of nutritional situation in society. Research estimates that...
QUANTIFYING INCREMENTAL OILPRODUCTION AND ECONOMICS OF USING INTELLIGENT COMPLETION AS A TOOL FOR RESERVOIR MANAGEMENT
ABSTRACT
Huge amount of hydrocarbon in place is left unrecovered. Integrated reservoir management, inaddition to the u...
FACTORS RESPONSIBLE FOR THE DECLINING STANDARD OF SECONDARY EDUCATION IN MARU LOCAL GOVERNMENT AREA ZAMFARA STATE
ABSTRACT
The research study investigated and identified the factors responsible for the declining stand...
OFFICE ENVIRONMENT AND ITS IMPACT ON THE JOB PERFORMANCE OF WORKERS
ABSTRACT
Organizations must step outside their traditional roles and comfort zones to...
