scholarly journals EFFECT OF DEBT MANAGEMENT ON INFRASTRUCTURAL DEVELOPMENT OF THE NIGERIA ECONOMY

2021 ◽  
pp. 70-79
Author(s):  
Ozue Clement Chuks ◽  
Okenwa C. Y. Ogbodo
Keyword(s):  
Negative Relationship ◽  
Study Data ◽  
Debt Management ◽  
Least Square ◽  
State Governments ◽  
Ordinary Least Square ◽  
Secondary Sources ◽  
Infrastructural Development ◽  
Ex Post ◽  
Ex Post Facto

The study empirically examined the effect of debt management on infrastructural development of the Nigeria economy. Ex- post facto research design was adopted for the study. Data was collected through secondary sources from the archive of Central Bank of Nigeria (CBN) and Debt management Office of Nigeria (DMON). The data analysis was done using Ordinary Least Square (OLS) regression technique. The population of study consists of the federal government of Nigeria, the thirty- six state governments in Nigeria and the Federal Capital Territory (FCT) bringing the total population to thirty – eight (38). The same number serves as the sample size. The major findings showed that debt servicing and interest rate appeared with negative relationship on infrastructural development. It is recommended that government should apply appropriate policies with respect to debt variables for sustaining development in infrastructure. KEY WORDS: Public debt management, infrastructural development.

scholarly journals The Use of E-payment Products and their Impact on Currency-in-Circulation in Nigeria

2020 ◽  
Vol 6 (1) ◽  
pp. 31-46
Author(s):  
Kanu Success Ikechi ◽  
Eke Karen Chinonso ◽  
Nwadiubu Anthony ◽  
Ikechukwu Robert Eze
Keyword(s):  
Monetary Policy ◽  
Time Series Data ◽  
Negative Relationship ◽  
Least Square ◽  
Series Data ◽  
Ex Post ◽  
Payment Instruments ◽  
Significant Negative Relationship ◽  
Ex Post Facto ◽  
The Relationship

This study is set to ascertain the relationship between the use of e-payment products and the value of currency in circulation in Nigeria. An ex-post facto research design was adopted in the investigation. A least square regression analysis was carried out on a time-series data. The objective was to ascertain relationships between the variables, whether positive or negative and to determine its significance. The outcome of the study indicates that only REMITA and WEBPAY have an inverse but significant negative relationship with currency in circulation in Nigeria. At the same time, the use of ATM and POS maintained a positive and significant relationship. This isn’t surprising considering ATM and POS machines are verified sources of cash withdrawals in Nigeria. Presently, due to the relatively low use of e-payment products, their influence on monetary policy has been insignificant. The Central bank of Nigeria has not recorded a decrease in currency in circulation followed by an increase in the use of e-payment products; instead, it is recorded that between 2009 and 2018, the value of currency in circulation grew by about 97.18%. It is important to stress the fact that any innovation takes time to mature and become accepted in the market. It might be too soon to complain. We ought to expect that in the future, e-money products could be made more acceptable as regular payment instruments. Following this, their influence on monetary policy could be increased. This depends on the extent to which it will substitute the currency in circulation. This means that a developing nation like Nigeria needs to monitor the trend of development of e-money on the market and the increasing degree of use by institutions and clients. Lastly, the regulatory authorities need to develop the capacity to manage an e-money driven economy more closely and more carefully.

scholarly journals SUSTAINABILITY REPORTING AND FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOODS SECTOR IN NIGERIA

2021 ◽  
pp. 46-56
Keyword(s):  
Stock Exchange ◽  
Social Performance ◽  
Pearson Correlation ◽  
Sustainability Reporting ◽  
Study Data ◽  
Cross Sectional ◽  
Return On Equity ◽  
Secondary Sources ◽  
Ex Post ◽  
Ex Post Facto

The aim of this paper is to examine how sustainability reporting affects the performance of listed industrial goods companies in Nigeria. For a period of ten years, from 2011 to 2020. This study used time-series and cross-sectional analysis of selected listed industrial goods companies on the Nigerian Stock Exchange. Ex-Post Facto research was used in this study. Data were gathered from secondary sources such as fact books and financial statements of the companies in Nigeria. Using E-View 9.0 statistical software, the data were statistically analyzed using Pearson correlation coefficient and multiple regression analysis. The findings of this study demonstrated that, at a 5% level of significance, sustainability reporting (as measured by economic, environmental, and social performance indices) has a positive significant effect on return on assets, return on equity and earnings per share. The study proposes, among other things, that a standardized Sustainability Index be adopted, since this will assist to put pressure on firms to pay greater attention to their environment and take sustainable development issues more seriously.

scholarly journals Effect of Informal Sector Tax Revenue on Capital Development in Lagos Metropolis

2020 ◽  
Vol 34 (1) ◽  
pp. 1-14
Author(s):  
Jayeola Olabisi ◽  
Adegboyega Afolabi ◽  
Adebayo Olagunju ◽  
Folasade Ajewole Madariola
Keyword(s):  
Informal Sector ◽  
Secondary Data ◽  
Least Square ◽  
Tax Revenue ◽  
Capital Projects ◽  
Ordinary Least Square ◽  
Ex Post ◽  
Ex Post Facto ◽  
The Government ◽  
Capital Development

AbstractThe study investigates the effect of informal sector tax proceeds on capital development in Lagos Metropolis. The study adopted Ex-post facto design to obtain secondary data, covering 20 years (2000–2019) from the Lagos State Internal Revenue Service and the Ministry of Budget and Planning. All the series were tested for normalities to determine the appropriateness of Ordinary Least Square (OLS) regression. The results of the study revealed that tax collected from the association, petty traders, and market men and women had a significant effect on capital development in Lagos Metropolis. It is evident from the monumental capital projects being executed by the government in the Metropolis. The study recommends that the government should not only create an enabling environment for the informal sector to thrive but also give all necessary support for its survival because the sector has contributed to the capital development of the Metropolis through tax revenue.

Dampak Kebijakan Moneter Pada Output Di Negara-Negara ASEAN Tahun 1980-2014

2017 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Fixed Effects ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Least Square ◽  
Fixed Effects Model ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model

scholarly journals VALIDITY OF PRIMARY SCHOOL EXAMINATION AS A PREDICTOR OF SECONDARY SCHOOL EXAMINATION SCORE AMONG PUBLIC SECONDARY SCHOOL STUDENTS KENYA

2018 ◽  
Vol 6 (4) ◽  
pp. 80-94
Author(s):  
Eunice Atieno Agingu
Keyword(s):  
Secondary School ◽  
Secondary Schools ◽  
Secondary School Students ◽  
Study Data ◽  
School Type ◽  
School Students ◽  
Public Secondary School ◽  
Ex Post ◽  
Ex Post Facto ◽  
Study Population

The purpose of this study was to determine the validity of KCPE as a predictor of KCSE scores among public secondary school students in Kisii central Sub-county, Kenya. This study was guided by a conceptual framework where KCPE was the independent variable and KCSE the dependent variable. It adopted Correlational and Ex-post-facto research designs. The study population was 3,897 KCSE candidates from 55 public secondary schools. Stratified random sampling based on school type and size was used to select 16 public secondary schools for the study. Saturated sampling was employed to include all KCSE candidates whose KCPE marks were available in each sampled school, yielding a sample of 1,391 students.  Data used included 2006 KCPE scores and 2010 KCSE scores of the same students under study. Data was collected using a researcher made pro forma. It was analyzed quantitatively using correlations and regression analyses. Results showed a strong positive Pearson’s correlation coefficient (r=0.693; n=1391; p < 0.05) between KCPE and KCSE scores. It recommended that; KCPE should continue to be used as selection tool for secondary school admission and school evaluation using KCSE examination scores should be based on students’ past KCPE scores.

scholarly journals Determinants of Household Debt in Malaysia from the year 2010 to 2017

2019 ◽  
Vol 5 (2) ◽  
pp. 91
Author(s):  
Zahariah Mohd Zain ◽  
Nurul Ainun Ahmad Atory Ahmad Atory ◽  
Sarah Amirah Hanafi
Keyword(s):  
Positive Relationship ◽  
Negative Relationship ◽  
Housing Price ◽  
Least Square ◽  
Household Debt ◽  
Macroeconomic Variables ◽  
Explanatory Variables ◽  
Ordinary Least Square ◽  
Independent Variables ◽  
Lending Rate

Household debt has become an issue in the Malaysian economy as it affects the country socially and economically.This study aims to examine the determinants of household debt from the year 2010 until 2017. This study employs the Ordinary Least Square (OLS) method and the macroeconomic variables used in this study are Gross Domestic Product (GDP), base lending rate, unemployment and housing price as independent variables. The results indicate that the trend of household debt in Malaysia has shown a continuous rise from the year 2010 to 2017. GDP, base lending rate and housing price indicate a positive relationship towards household debt while unemployment shows a negative relationship to household debt in Malaysia. All explanatory variables have shown a significant relationship except for GDP. Housing price has been found to be the most significant factor and positively related to household debt. The findings indicate that the higher the price of houses, the higher the household debt will be.

Determinants of Taxable Capacity in Nigeria

2018 ◽  
Vol 4 (6) ◽  
pp. 42-51
Author(s):  
Bassey Eyo Bassey ◽  
Eme J. Efiong
Keyword(s):  
Global Market ◽  
Least Square ◽  
Economic Openness ◽  
Ordinary Least Square ◽  
Secondary Sources ◽  
Test Of Hypotheses ◽  
Effective Administration ◽  
Level Of Economic Development ◽  
The Government ◽  
The Relationship

This study is centered on the determinants of taxable capacity in Nigeria, with taxable capacity viewed as the ability of the taxed person to bear the burden of the tax in relation to their source of income without experiencing a reduction in standard of living, or margin of profit and investment in the case of firms. The study employed desk survey research design, and data obtained from secondary sources and analysis conducted using the ordinary least square technique. The results from the regression analysis and the test of hypotheses revealed that the relationship between inflation and taxable capacity in Nigeria was negative and statistically insignificant. Also, the results showed that both the degree of economic openness and the level of economic development positively and significantly affected taxable capacity in Nigeria. The study recommended that the Nigerian government should create an enabling environment that will facilitate international trade and provide the necessary facilities for the efficient and effective administration of taxes on the income generated from the global market as these will go a long way in providing revenue for the government.

The Tiananmen Papers Revisited

2004 ◽  
Vol 177 ◽  
pp. 190-214
Author(s):  
Alfred L. Chan ◽  
Andrew J. Nathan
Keyword(s):  
English Translation ◽  
Chinese Politics ◽  
Historical Records ◽  
Document Collections ◽  
Secondary Sources ◽  
Careful Scrutiny ◽  
Ex Post ◽  
Documentary History ◽  
Ex Post Facto ◽  
Chinese Author

Authentic Chinese internal documents matter greatly as historical records that illuminate our understanding of Chinese politics. Yet careful scrutiny shows that the Chinese book version of the Tiananmen Papers is part fiction and part documentary history based on open and semi-open sources and document collections. The alleged transcripts of top-level meetings are basically stitched together ex post facto (even by the admission of the editors) and then presented as secret documents. Furthermore, the English translation is a heavily retouched version of the Chinese with differences in claims of authenticity, translation, citation and style. There is little evidence that any real secret documents are in the hands of the Chinese author, and even if they were, the two books under consideration are really secondary sources steps removed from the originals. The editors strongly vouch for the authenticity of these two books, but their efforts are inadequate and unconvincing.

scholarly journals Treasury Single Account and the Performance of Banking Sector: A Study of Selected Deposit Money Banks in Oyo State, Nigeria

2019 ◽  
pp. 1-8
Author(s):  
Oyedele, Oloruntoba ◽  
Oyewole, Olabode Michael ◽  
G. T. Ayo-Oyebiyi
Keyword(s):  
Economic Activity ◽  
Banking Sector ◽  
Banking System ◽  
Sampling Technique ◽  
Least Square Method ◽  
Study Data ◽  
Least Square ◽  
Ordinary Least Square ◽  
Data Collection Instrument ◽  
Structured Questionnaire

The banking sector in any country plays a fundamental role in increasing the level of economic activity. However, the implementation of treasury single account has been devilled its performance. This study therefore investigates the implication of treasury single account on the performance of Nigerian Deposit Money Banks. Quantitative analysis was used in this research, with data collected by the researchers. Five banks (Zenith Bank, First Bank Plc, UBA, Access Bank and Guaranty Trust Bank) were selected through purposive method. Judgmental sampling technique was also used to select Head of Operation, Accountant and Branch Manager from 10 branches each of the selected bank in Oyo State, Nigeria, totaling 150 respondents as a sample size for the study. Data collection instrument used was a structured questionnaire and data analysis was performed with the aid of Ordinary Least Square method of estimation. Result shows that implementation of Treasury Single Account has significant relationship with closure of branches, withdrawal syndrome from the banking system, liquidity crisis and unemployment crisis in Deposit Money Banks. Subsequently, the study recommends that banks should focus on their core banking operations rather than feeding on government idle funds kept into various accounts by Government Ministries, Departments and Agencies (MDAs). Also, banks should sensitize people on the importance of baking culture instead of them keeping their money under their pillow, inside their farms and underground.

scholarly journals The effect of the firm’s age and financial leverage on its dividend policy – evidence from Kuwait stock exchange market (KSE)

2015 ◽  
Vol 13 (1) ◽  
pp. 24-31 ◽  
Author(s):  
Turki Al-Sabah
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Least Square ◽  
Panel Regression ◽  
Exchange Market ◽  
Financial Leverage ◽  
Dividend Payout ◽  
Ordinary Least Square ◽  
Kuwait Stock Exchange

Identifying the major determinants of companies’ dividend policy has been the pith of various researchers and industry practitioners as well. In this research, the effect of the firms’ financial leverage and age on their dividend policy has been explored. Two hypotheses were formulated, where the first focused on examining the effect of the firms’ financial leverage and the second concentrated on investigating the effect of the firms’ age on their dividend policy. The sample assimilated in this study comprises of 38 Kuwait Stock Exchange listed companies from different industries. The period of investigation was five years, from 2009 to 2013. The hypotheses were tested using ordinary least square and fixed-effect panel regression. The results signify a negative relationship between the firm’s financial leverage and dividend payout ratio. Moreover, the results indicate a negative relationship between the firm’s age and dividend payout ratio.

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