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Impact of Political Affiliation on Bank Profitability in Nigeria

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  • Uhomoibhi Toni Aburime

Abstract

The importance of bank profitability can be appraised at the micro and macro levels of the economy. At the micro level, profit is the essential prerequisite of a competitive banking institution and the cheapest source of funds. It is not merely a result, but also a necessity for successful banking in a period of growing competition on financial markets. Hence, the basic aim of a bank’s management is to achieve a profit, as the essential requirement for conducting any business. At the macro level, a sound and profitable banking sector is better able to withstand negative shocks and contribute to the stability of the financial system. The importance of bank profitability at both the micro and macro levels has made researchers, academics, bank managements and bank regulatory authorities to develop considerable interest on the factors that determine bank profitability. The broad aim of this paper is to analyze, on the basis of empirical evidence, the relationship between political affiliation and bank profitability in Nigeria.

Suggested Citation

  • Uhomoibhi Toni Aburime, 2009. "Impact of Political Affiliation on Bank Profitability in Nigeria," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 5(3), pages 251-261, September.
  • Handle: RePEc:jge:journl:535
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    References listed on IDEAS

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    1. Rena, Ravinder, 2007. "Sectoral Performance In The African Economy – Some Issues And Trends," MPRA Paper 11089, University Library of Munich, Germany, revised 2007.
    2. Niimi, Yoko & Ozden, Caglar, 2006. "Migration and remittances : causes and linkages," Policy Research Working Paper Series 4087, The World Bank.
    3. World Bank, 2007. "World Development Indicators 2007," World Bank Publications, The World Bank, number 8150.
    4. RavinderRena, 2008. "Sectoral Performance in the African Economy – Some Issues and Trends," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 2(1), pages 1-14, June.
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    Citations

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    Cited by:

    1. Toni Uhomoibhi ABURIME, 2009. "Impact of corruption on bank profitability in Nigeria," Proceedings of FIKUSZ '09,in: László Áron Kóczy (ed.), Proceedings of FIKUSZ '09, pages 7-16 Óbuda University, Keleti Faculty of Business and Management.
    2. Osuagwu, Eze, 2014. "Determinants of Bank Profitability in Nigeria," MPRA Paper 60948, University Library of Munich, Germany.

    More about this item

    Keywords

    Nigerian economy; Banking Sector; Political Economy; Bank Profit;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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