Banking system development, small businesses and minority lending in Nigeria
AbstractImproving the flow of investible finance to small businesses remains the main thrust of financial system reforms in most developing economies. At the same time, there are conflicting claims on how banking development, necessitated by financial system reforms, impacts on financing of small businesses. Using a co-integration and vector auto regression techniques, with quarterly time-series data spanning from 1970 to 2005, this study examines the long-run relationship between banking development and minority lending in Nigeria. It finds that the kind of structural changes that characterised banking development in Nigeria has negatively affected minority lending; and that flow of credits to small businesses may have largely been explained by prevailing high interest rates and inflation rates. An important implication of this result is that policy efforts to influence the direction of bank credits through some structural policy measures focusing on banking consolidation have not worked in favour of minority businesses.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Financial Services Management.
Volume (Year): 4 (2010)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.inderscience.com/browse/index.php?journalID=76
SMEs; small and medium-sized enterprises; agriculture; minority lending; banking development; co-integration; Nigeria; investment; financial system reforms; bank lending; small businesses; bank credits; structural policy; banking consolidation.;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).
If references are entirely missing, you can add them using this form.