IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v41y2024i1p128-142.html
   My bibliography  Save this article

The Dynamics Between Financial Institutions and State-Owned Enterprises (SOEs) in Sierra Leone from 2000 to 2022

Author

Listed:
  • Hassan Swarray

    (School of Government, University of International Business and Economics (UIBE), Beijing, China.)

Abstract

The financial system in Sierra Leone is predominantly bank-based, with banks playing a significant role in the government securities market. State-Owned Enterprises (SOEs) are crucial for advancing development objectives in Sierra Leone. Successive governments have utilized ownership of enterprises to create value for the country; however, the performance of SOEs has often been suboptimal. This study examines the dynamic relationship between financial institutions and SOEs and their contribution to economic growth in Sierra Leone from 2000 to 2022. Data were sourced from the World Bank and the International Monetary Fund (IMF) open data repositories. A descriptive statistical analysis was conducted using both macro and micro data. The variables included dependent (growth), financial, macroeconomic, and government indicators from 2000 to 2022. Stata 18 software was employed to summarize statistics, calculate correlation coefficients, and perform multiple linear regression to determine the strength of the association between financial institutions and SOEs in Sierra Leone. The analysis revealed that Sierra Leone experienced high inflation from 2000 to 2022, adversely affecting financial institutions, which are the primary lenders to SOEs and small and medium-sized enterprises (SMEs). The relationship between financial institutions and SOEs in Sierra Leone exhibits both negative and positive aspects. Proper management of this relationship can contribute to the growth and stability of the financial system.

Suggested Citation

  • Hassan Swarray, 2024. "The Dynamics Between Financial Institutions and State-Owned Enterprises (SOEs) in Sierra Leone from 2000 to 2022," International Journal of Science and Business, IJSAB International, vol. 41(1), pages 128-142.
    • Handle: RePEc:aif:journl:v:41:y:2024:i:1:p:128-142
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/2469.pdf
    Download Restriction: no
    File URL: https://ijsab.com/volume-41-issue-1/7254
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Omotunde E. G. Johnson, 2016. "Economic Diversification and Growth in Africa," Springer Books, Springer, number 978-3-319-30849-4, March.
    2. Chee Loong Lee & Riayati Ahmad & Wing Shing Lee & Norlin Khalid & Zulkefly Abdul Karim, 2022. "The Financial Sustainability of State-Owned Enterprises in an Emerging Economy," Economies, MDPI, vol. 10(10), pages 1-13, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nadiia Davydenko & Svitlana Boiko & Olena Cherniavska & Maryna Nehrey, 2023. "Analysis of the Impact of State-Owned Banks on the Sustainability of Public Finances," Economies, MDPI, vol. 11(9), pages 1-23, September.
    2. Holck, Lotte & Muhr, Sara Louise, 2017. "Unequal solidarity? Towards a norm-critical approach to welfare logics," Scandinavian Journal of Management, Elsevier, vol. 33(1), pages 1-11.
    3. Adeyemi Adebayo & Barry Ackers, 2024. "Managing Trade‐Offs Between Environmental, Social, Governance and Financial Sustainability in State‐Owned Enterprises: Insights from an Emerging Market," Australian Accounting Review, CPA Australia, vol. 34(1), pages 55-73, March.
    4. Emilia Herman & Kinga-Emese Zsido, 2023. "The Financial Sustainability of Retail Food SMEs Based on Financial Equilibrium and Financial Performance," Mathematics, MDPI, vol. 11(15), pages 1-26, August.
    5. Kelvin Mulungu & John N. Ng’ombe, 2017. "Sources of Economic Growth in Zambia, 1970–2013: A Growth Accounting Approach," Economies, MDPI, vol. 5(2), pages 1-23, May.
    6. Ockert Pretorius & Ernst Drewes & Mariske van Aswegen & Gerard Malan, 2021. "A Policy Approach towards Achieving Regional Economic Resilience in Developing Countries: Evidence from the SADC," Sustainability, MDPI, vol. 13(5), pages 1-21, March.
    7. Ogunlesi, Ayodeji, 2018. "Agricultural Productivity, Fiscal and Trade Policies Nexus in Sub-Saharan Africa: A Panel Structural Vector Error Correction Model Analysis," MPRA Paper 90202, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aif:journl:v:41:y:2024:i:1:p:128-142. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Farjana Rahman (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.