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Financial Globalisation and the Performance of Nigerian Deposit Money Bank

Author

Listed:
  • Alade Olajide RAJI

    (Department Accounting and Finance, Chrisland University, Abeokuta, Ogun State, Nigeria)

  • Rasheed Adegboga AFOLABI

    (Department Accounting and Finance, Chrisland University, Abeokuta, Ogun State, Nigeria)

  • Titilayo Abiodun OSINUGA

    (Department of Finance, Ekiti State Univesity, Ado Ekiti, Ekiti State, Nigeria)

Abstract

The objective of the study is to investigate financial globalization and the performance of Nigerian deposit money banks. The study employed foreign direct investment, exchange rate and foreign trade as proxies for financial globalization while bank total asset was used as proxy for deposit money bank performance. The study used time series research design as well as secondary data. The data was obtained from the statistical bulletin of Central Bank of Nigeria from 1985 to 2019. Multiple regression was employed as the data analysis tool. The findings revealed that foreign direct investment and exchange rate have positive and significant effect on banks total asset. However, foreign trade has a positive but insignificant effect on bank total asset. Due to the value of Pro(F-Statistic) 0.000

Suggested Citation

  • Alade Olajide RAJI & Rasheed Adegboga AFOLABI & Titilayo Abiodun OSINUGA, 2021. "Financial Globalisation and the Performance of Nigerian Deposit Money Bank," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 5-11.
    • Handle: RePEc:ddj:fseeai:y:2021:i:3:p:5-11
    DOI: 10.35219/eai15840409217
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    References listed on IDEAS

    as
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