ABSTRACT
This study investigated the effect of monetary policy on the financial performance of twelve listed Deposit Money Banks (DMBs) in Nigeria over ten (10) years (2010 – 2019). Monetary policy is proxied by Loan to Deposit Ratio (LDR), Loan to Asset Ratio (LAR), and Central Bank of Nigeria Lending Rate (CBNLR), while financial performance was proxied by Return on Asset (ROA). The theory of financial intermediation and the institutional theory formed the bedrock of this investigation. The study adopted the ex-post facto research design. Secondary data used in the study were obtained from the audited financial statements of the sampled DMBs listed on the Nigerian Stock Exchange (NSE). Descriptive statistics, Pearson correlation and panel regression model were employed for data analyses using STATA version 13. The results showed that LDR has a significant positive effect on the financial performance of DMBs listed in Nigeria. This result is consistent with the two theories used in the study. The result further indicated that LAR has a significant negative effect on the financial performance of DMBs listed in Nigeria. Also, the study revealed that CBNLR has an insignificant negative effect on the financial performance of listed DMBs. Following from the above findings, the study recommended that the management of DMBs in Nigeria should seek to increase the LDR of their respective banks to enhance their profitability. Furthermore, DMBs should not rely on LAR and CBNLR as a financial performance-enhancing strategy since the outcome of the study indicated their effects as negative and mixed respectively. The study also recommended that further research should include unquoted DMBs operating in Nigeria to enhance the generalization of the findings.
ABSTRACT
Performance appraisals allow the organization to tell the employee something about their rates of growth, their...
ABSTRACT
Benue State since its creation in 1976 has been pre-occupied with a political, social and religious dilemma arising from the pos...
BACKGROUND OF THE STUDY
The ongoing dilemma of digital age is balancing convenience against security. Security is a syst...
BACKGROUND OF THE STUDY
Nigeria has been a battleground for quite some time. Aside from the ongoing con...
ABSTRACT
The study sought to find out “Perceived Causes and Remedies of Divorce among Married Couples in Kano Metropolis”. Po...
BACKGROUND OF THE STUDY
Taxation has received considerable attention from scholars and researchers in r...
ABSTRACT
This study examined aspects of the lexical semantics of Urhobo, with the aim of identifying s...
ABSTRACT
The foreign exchange management policy of an economy serves as one of the major factor that co...
ABSTRACT
This study focused on the effective of pricing strategies for introducing a new product in the market (A case study of Globalcom...
ABSTRACT
Synthetic analgesic and anti-inflammatory drugs have major side effects such as constipation, nausea and vomiting, sedation and...