Effect of Bank Holding Company Structure on Farmers’ Financial Welfare in Nigeria

Ifeanyieze F. O., Nwachukwu C. U., Onah F. C., Mgbenka R. N., Ekenta L. U., Department of Agricultural Education, University of Nigeria, Nigeria, Nwankwo C. U., Onah Ogechukwu, Okwo C. R., Ugwoke E. O., Ekwueme U. S., Ugwu O. C., Isiwu E. and Asogwa Cosmas I.*
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Ifeanyieze F. O.: Department of Agricultural Education, University of Nigeria, Nigeria
Nwachukwu C. U.: Department of Agricultural Education, University of Nigeria, Nigeria
Onah F. C.: Department of Agricultural Education, University of Nigeria, Nigeria
Mgbenka R. N.: Department of Agricultural Education, University of Nigeria, Nigeria
Nwankwo C. U.: Department of Agricultural Education, University of Nigeria, Nigeria
Onah Ogechukwu: Department of Agricultural Education, University of Nigeria, Nigeria
Okwo C. R.: Department of Agricultural Education, University of Nigeria, Nigeria
Ugwoke E. O.: Department of Business Education, University of Nigeria, Nigeria
Ekwueme U. S.: Department of Agricultural Education, University of Nigeria, Nigeria
Ugwu O. C.: Department of Accountancy, University of Nigeria, Nigeria
Isiwu E.: Department of Agricultural Education, Michael Okpara University of Agriculture Umudike, Nigeria
Asogwa Cosmas I.*: Department of Accountancy, Renaissance University, Enugu, Nigeria

The Journal of Social Sciences Research, 2019, vol. 5, issue 12, 1723-1733

Abstract: This study examines the impact of bank holding structure on the financial welfare of farmers. We used an expost facto research design and studied all the 18 deposit money banks in Nigeria. We used dummy variable to measure bank conglomerate structure for the period between 2001 and 2018. We also identified the features of financial holding companies based on firms’ specific variables including portfolio condition, competitive standing, equity characteristics and sizes. Based on our analysis, bank holding structures significantly and positively affect banks’ propensity to create risk assets to farmers (coefficient=0.34; p-value less 5%). This implies that ring fencing banks leads to increase in credit availability to farmers and consequently their welfare advancement in Nigeria. Banks with holding structure have competitive advantage and this competiveness benefits farmers significantly (coefficient=0.05; p-value

Keywords: Bank; Bank holding; Lending: Farmers' welfare: Conglomeration; Small business; Farmers: Nigeria; Bank holding companies (search for similar items in EconPapers)
Date: 2019
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