Financial Development: An Empirical Study of Foreign Direct Investment in Nigeria (1999-2021)

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-09-13 DOI:10.56201/jafm.v9.no3.2023.pg150.160

Prince Chinedu Okeke

引用次数: 0

Abstract

This study determined the effect of financial development on foreign direct investment in Nigeria. The study adopted Ex Post Facto research design. Data were obtained from Central Bank of Nigerian Statistical Bulletin from 1999 to 2021. The hypotheses were tested with regression analysis, and the result shows that credit to private sector and market capitalization were positively affected by foreign direct investment, though the effects were not statistically significant. Based on the findings, government should create enabling environment that will encourage foreign direct investment in the industrial production sector which will help to increase the nation gross domestic product

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金融发展:尼日利亚外商直接投资的实证研究(1999-2021)

本研究确定了尼日利亚金融发展对外国直接投资的影响。本研究采用事后调查设计。数据来自尼日利亚中央银行1999年至2021年的统计公报。通过回归分析对假设进行检验，结果表明外商直接投资对私营部门信贷和市场资本化有正向影响，但影响不显著。根据调查结果，政府应创造有利环境，鼓励工业生产部门的外国直接投资，这将有助于增加国家国内生产总值

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).