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.
BACKGROUND OF THE STUDY
In the last decade, computer technology has taken a giant leap forward in helping student...
ABSTRACT
This study examines value added service and organizational growth using correlation method. (a case study of Co...
GOVERNMENTAL ACCOUNTING FOR PUBLIC SECTOR ASSETS AND LIABILITIES: This study aims to (i) evaluate the current practices in accounting for public se...
GENERAL INTRODUCTION
Medical establishments like hospitals, rehabilitation centers, health-saloons etc. are seen as figu...
Abstract:
This research explores the effect of data analytics on financial reporting quality in Kano St...
ABSTRACT
The main focus of this study is to examine the effect of banditry on rural-urban migration using Kaduna...
Abstract
This project work is primarily covered with Leadership Style and their impact on employee productivity. A case...
ABSTRACT
The technique of inventory control is indispensable going by their impact in contributing, pro...
ABSTRACT
This research focuses on the formulation of block hybrid methods with power series as basic function through interpolation and c...
ABSTRACT
There is need for accurate knowledge of performance, degradation rate and lifespan of photovoltaic (PV) module in every location...