International Journal of Accounting, Finance and Risk Management

Volume 5, Issue 3, September 2020

  • Do Macroeconomic Variables Predict Deposit Money Banks’ Performance in Nigeria

    Ejem Chukwu Agwu, Ogbonna Udochukwu Godfrey, Ogbulu Onyemachi Maxwell

    Issue: Volume 5, Issue 3, September 2020
    Pages: 118-130
    Received: May 25, 2020
    Accepted: Jun. 08, 2020
    Published: Jun. 16, 2020
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    Abstract: This study investigated the relationship between macroeconomic variables and the performance of deposit money banks in Nigeria is incited by the heated arguments of finance and economic researchers’ on whether macroeconomic variables; Gross Domestic Product rate, interest rate, inflation rate, money supply and exchange rate are or not in control of... Show More
  • Efficient Market Hypotheses Controversy and Nigerian Stock Exchange Relations

    Ejem Chukwu Agwu, Ogbonna Udochukwu Godfrey, Okpara Godwin Chigozie

    Issue: Volume 5, Issue 3, September 2020
    Pages: 131-140
    Received: May 25, 2020
    Accepted: Jun. 08, 2020
    Published: Jun. 28, 2020
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    Abstract: The endless arguments on which Efficient Market Hypotheses form Nigeria Stock exchange (NSE) belongs incited this study; Efficient Market Hypotheses controversy and Nigerian Stock Exchange Relations. In order to achieve the aim of this study, the All Share Index (ASI) with daily data from January 02, 2014 to May 20, 2019 (1333 observations) and ann... Show More
  • Insurance Specific Risk and Profitability: Evidence from Nigerian Insurance Firms

    Ibrahim Mallam Fali, Terzungwe Nyor, Lateef Olumide Mustapha

    Issue: Volume 5, Issue 3, September 2020
    Pages: 141-148
    Received: Jun. 04, 2020
    Accepted: Jun. 20, 2020
    Published: Jul. 04, 2020
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    Abstract: Insurance firms assume different types of business-specific risks that affect financial operations. The study therefore investigates the effect of these insurance specific risks on profitability in Nigeria over the 10-year period (2009-2018) with a sample size of 19 firms. Three variables, such as Re-insurance, Technical Provisions and Underwriting... Show More
  • Government Expenditure and Education Sub-sector Development in Nigeria: An Empirical Investigation

    Stephen Ebhodaghe Ughulu, Stella Eghoikhunu Ughulu

    Issue: Volume 5, Issue 3, September 2020
    Pages: 149-156
    Received: Dec. 02, 2019
    Accepted: Mar. 27, 2020
    Published: Aug. 04, 2020
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    Abstract: This paper examined empirically the impact of government expenditure on the education sub-sector development in Nigeria for the period 1980 to 2017. Government expenditure was decomposed into capital and recurrent expenditures, while education sub-sector development was viewed from the perspectives of the States and Local Governments dependence (FD... Show More
  • Banks Financing and Industrial Sector Performance in Nigeria

    Akinwumi Olusegun Akinola, Omotayo Olubunmi Efuntade, Alani Olusegun Efuntade

    Issue: Volume 5, Issue 3, September 2020
    Pages: 157-166
    Received: Jul. 22, 2020
    Accepted: Aug. 19, 2020
    Published: Aug. 27, 2020
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    Abstract: This paper examined the effect of banks financing on industrial sector growth in Nigeria. The objectives of the Study were to examine the effects of domestic money supply, banks credit and maximum bank lending rate on industrial sector performance in Nigeria. The Study is established on Bank-based monetary framework on the grounds that the hypothes... Show More
  • Influence of Financial Performance and Financial Leverage on Dividend Payout

    Solomon Munyoki Kathuo, Oluoch Oluoch, Agnes Njeru

    Issue: Volume 5, Issue 3, September 2020
    Pages: 167-173
    Received: Aug. 19, 2020
    Accepted: Sep. 04, 2020
    Published: Sep. 16, 2020
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    Abstract: This study explored the influence of financial performance and financial leverage on Deposit-Taking Saccos in Kenya. The study was motivated by inconsistency in the ability of Saccos to live up to their promise of paying dividends to members consistently. Many of them pay dividends from unforeseen profits and/or while highly leveraged. These unheal... Show More