Financial Globalisation and the Performance of Nigerian Deposit Money Bank

Alade Olajide Raji, Rasheed Adegboga Afolabi and Titilayo Abiodun Osinuga
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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

Economics and Applied Informatics, 2021, issue 3, 5-11

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

Keywords: Financial Globalisation; Bank Performance; Foreign Direct Investment; Foreign Trade; Exchange Rate (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2021:i:3:p:5-11

DOI: 10.35219/eai15840409217

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