Financial Risk and Management Reviews最新文献_第2页

Evaluating the Model of Demand for Money in Nigeria 尼日利亚货币需求模型的评估

Financial Risk and Management Reviews Pub Date : 2020-03-16 DOI: 10.18488/journal.89.2020.61.1.13

Temidayo B. Fasipe, W. Yusuf

{"title":"Evaluating the Model of Demand for Money in Nigeria","authors":"Temidayo B. Fasipe, W. Yusuf","doi":"10.18488/journal.89.2020.61.1.13","DOIUrl":"https://doi.org/10.18488/journal.89.2020.61.1.13","url":null,"abstract":"In Nigeria, demand for money is frequently affected by factors that regularly experience shocks in the economy. Therefore, regular adjustment and reforms are done to monetary policy which creates a lot of uncertainties in the market. This paper therefore examined the demand for money (narrow money, M1) in Nigeria, using quarterly time series data from 2006 to 2018, the study attempted multiple OLS regression analysis and ARDL. The result found out that money demand function cannot be appropriately estimated by OLS estimation technique due to the presence of the lagged value of both the dependent and independent variables. Although, the no long run relationship among the variables but the result indicates that M1 is largely influenced by inflation, exchange rate, MPR (Monetary Policy Rate), and savings as well as real GDP to some extent; particularly in the short run. It was observed from the analysis that economic units in Nigeria are shedding more of cash assets (Naira) as inflation increases while stocking up on foreign cash and assets (dollar and foreign denominated assets) as shown by the positive-related exchange rate. Contribution/Originality: This study contributes to the existing literature by examining the demand for money (narrow money, M1) in Nigeria and using quarterly time series data from 2006 to 2018, the study attempted multiple OLS regression analysis and ARDL.","PeriodicalId":282667,"journal":{"name":"Financial Risk and Management Reviews","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121362039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Correlation between Financial Difficulties and Financing Strategies among Market Stallholders in Batangas City 八打雁市市场摊贩财务困难与融资策略的关系

Financial Risk and Management Reviews Pub Date : 2019-07-01 DOI: 10.18488/JOURNAL.89.2019.51.40.54

A. Ilagan

{"title":"Correlation between Financial Difficulties and Financing Strategies among Market Stallholders in Batangas City","authors":"A. Ilagan","doi":"10.18488/JOURNAL.89.2019.51.40.54","DOIUrl":"https://doi.org/10.18488/JOURNAL.89.2019.51.40.54","url":null,"abstract":"The aim of this study was to determine the correlation between financial difficulties and financing strategies among market stallholders in Batangas City. Specifically, the study sought to determine the profile of the respondents in terms of age, sex, civil status, highest educational attainment, market section, number of years in operation, average monthly business income and stall location. The researcher also assessed the financial difficulties experienced by market stallholders and the extent of utilization of financing strategies in terms of internal financing and debt financing. Moreover, the researcher also determined the correlation between financial difficulties and financing strategies, the significant difference on the financial difficulties experienced by market stallholders and extent of utilization of financing strategies of the respondents when grouped according to profile variables. The findings of the study revealed that there is a correlation between financial difficulties and internal financing and another correlation between financial difficulties and debt financing utilized by market stallholders. An extension activity was proposed as an output of this study so that market stallholders would understand the different financing strategies banks and other microfinancing institutions are offering.","PeriodicalId":282667,"journal":{"name":"Financial Risk and Management Reviews","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131930505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

External Debt and Nigeria's Sovereignty 外债与尼日利亚主权

Financial Risk and Management Reviews Pub Date : 2019-05-20 DOI: 10.18488/JOURNAL.89.2019.51.25.39

Umar Dantani

引用次数: 0

An Investigation of the Impact of Organisational Structure on Organisational Performance 组织结构对组织绩效影响的研究

Financial Risk and Management Reviews Pub Date : 2019-04-22 DOI: 10.18488/JOURNAL.89.2019.51.10.24

S. Nene, Alan S. Pillay

引用次数: 7

Profitability of Commercial Bank on Interest Rate Deregulation 利率管制对商业银行盈利能力的影响

Financial Risk and Management Reviews Pub Date : 2019-03-21 DOI: 10.18488/JOURNAL.89.2019.51.1.9

Tijjani Muhammad, Abatcha Melemi

{"title":"Profitability of Commercial Bank on Interest Rate Deregulation","authors":"Tijjani Muhammad, Abatcha Melemi","doi":"10.18488/JOURNAL.89.2019.51.1.9","DOIUrl":"https://doi.org/10.18488/JOURNAL.89.2019.51.1.9","url":null,"abstract":"JEL Classification: G18; G28. This study focuses on impacts of deregulation policy of interest rate on the profitability of commercial bank, which will create competition among conventional financial institution for their traditional activities of banks (Deposits, loans and other financial institutions activities). The demand and supply will increase to encourage fund mobilization based on interest rate. Sanity becomes significant in the financial institution as utilization of fund is been judiciously encouraged and invests it to the most profitable ventures. The study explored the survey questionnaire by selecting five financial institutions and distributes twenty (20) questionnaires for each financial institution to their respective managers (experts) for their input. The simple description analysis and correlation were considered for variables comparison to achieve the research objectives. The research findings indicate that the deregulation significantly contributed to the profitability of commercial financial institution and promote competition among their counterpart. The study also reveals that the deregulation in interest rate leads to an increase in profit maximization. The study recommended the changes in the discount rate will reflect a stipulated range depending on how monetary policy pursued and the relation of a current market economy with interest rate, the sufficient control of the institutions and regulatory bodies to ensure the forces driving the economy as adequately managed and controlled.","PeriodicalId":282667,"journal":{"name":"Financial Risk and Management Reviews","volume":"187 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132431358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Testing the Validity of Arbitrage Pricing Theory: A Study on Dhaka Stock Exchange Bangladesh 检验套利定价理论的有效性:以孟加拉国达卡证券交易所为例

Financial Risk and Management Reviews Pub Date : 1900-01-01 DOI: 10.18488/JOURNAL.89.2021.71.16.25

Syed Md. Khaled Rahman, Priyanka Mazumder

{"title":"Testing the Validity of Arbitrage Pricing Theory: A Study on Dhaka Stock Exchange Bangladesh","authors":"Syed Md. Khaled Rahman, Priyanka Mazumder","doi":"10.18488/JOURNAL.89.2021.71.16.25","DOIUrl":"https://doi.org/10.18488/JOURNAL.89.2021.71.16.25","url":null,"abstract":"The purpose of the study was to test the validity of Arbitrage Pricing Theory (APT) in Dhaka Stock Exchange (DSE) of Bangladesh. Secondary data has been used which was composed of observable macroeconomic and stock market variables. Study period was from January 2013 to October 2018, making a total of 70 monthly observations. Study found that interest rate and exchange rate has significant influence but market capitalization and tax rate have insignificant impact on return of DS-30 index. Except exchange rate, other three variables were negatively related with DS-30 index return. 1% increases in exchange rate results 0. 993% increase in stock prices while 1% increases in interest rate results 0. 486% decrease in stock prices and vice-versa. Strong negative correlation was seen between interest rate and stock index return. APT have failed to fully explain the change of DS-30 index return due to presence of two insignificant explanatory variables. This research has practical implications on stock market participants as investors’ optimal strategy largely influence d by precision of asset pricing models. This research has also policy implications for Securities & Exchange Commission, government, and other regulators as findings of the study will assist them to develop more efficient capital market. study existing literature of asset judging its reliability Bangladeshi study of Arbitrage in stock return. tested the validity of APT in Karachi Stock Exchange of Pakistan using four macroeconomic factors and listed firms’ stocks that was since return did not deviate from","PeriodicalId":282667,"journal":{"name":"Financial Risk and Management Reviews","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133531361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Analyzing the Financial Soundness of Kuwaiti Banks Using CAMELS Framework 利用camel框架分析科威特银行的财务健全性

Financial Risk and Management Reviews Pub Date : 1900-01-01 DOI: 10.18488/journal.89.2019.51.55.69

M. AlAli, Sundus K. Al-Yatama

引用次数: 3