Banking and Finance - Scholarly Publications

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    Open Access
    Small Business Loan Decisions: a Survey of Criteria in Japan and Nigeria
    (2015-04-09) Owualah, S.I
    full texts attached
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    Open Access
    The Impact of Nigeria's External Debt on Economic Development.
    (Emerald Group Publishing Limited, 2008) Adegbite, E. O; Ayadi, F.S; Ayadi, O. F.
    Purpose – This paper aims to investigate the impact of huge external debt with its servicing requirements on economic growth of the Nigerian economy so as to make meaningful inference on the impact of the debt relief which was granted to the country in 2006. Design/methodology/approach – The neoclassical growth model which incorporates external sector, debt indicators and some macroeconomic variables was employed in this study. The paper investigates the linear and nonlinear effect of debt on growth and investment utilizing the ordinary least squares and the generalized least squares. Findings – Among other things, the negative impact of debt (and its servicing requirements) on growth is confirmed in Nigeria. In addition, external debt contributes positively to growth up to a point after which its contributions become negative reflecting the presence of nonlinearity in effects. Originality/value – Nigeria's external debt is analyzed in a new context utilizing a different but innovative model and econometric techniques. It is of tremendous value to researchers on related topic and an effective policy guide to policymakers in Nigeria and other countries with similar characteristics.
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    Open Access
    Microfinance Institutions in Nigeria: Challenges and Ways Forward
    (Exclusive Journal Publishing House, 2014) Abu, I.N; Aguda, N.A
    The microfinance sub-sector in Nigeria is faced with many challenges. Due to the large number of MFBs, it has been a challenge for regulators to provide strict and close supervision of their activities. However all hands must be on deck to ensure that the institutions arc cfficicmly run by surmounting the challenges and exploit the prospects, because microfinancc provides a credible platform for the eradication of the poverty and economic development of the nation.
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    Open Access
    The Influence of Deregulation and Privatisation of the Upstream and Downstream Oil and Gas Industry Promote National Sustainable Development in Nigeria
    (2016) Abu, I.N
    The purpose of this study is to examine the perception of Nigerians on the influence of deregulation and privatisation moves of the government in the oil and gas industry in Nigeria. The oil and gas industry is strategic to national development and growth in Nigeria. Oil and gas constitute about 90% of Nigeria’s foreign exchange earnings and 83% of its GDP. This study adopted the survey research design. It was found that the deregulation and privatisation of the oil and gas industry will usher in sustainable national development and will be a blessing rather than a curse for the citizenry. 77.8% of the respondents believe that the deregulation and privatisation of the oil and gas industry will be a blessing to Nigerians and 80.6% of the respondents do not believe that the deregulation and privatisation of the oil and gas industry will be a curse to Nigerians. The authors recommend that strategic sectors such as oil and gas as well as the power sector should be deregulated and privatised for sustainable national development.
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    Open Access
    The Role of Utility Theory in Risk Management for Strategic Decisions
    (Faculty of Business Administration, University of Lagos, 2014) Abu, I.N; John, E.E
    This study investigates the shape of the utility function across the total outcome domain to determine whether its shape differs across decision makers. However, the objective of the study is to examine whether the differences in the global shape of the utility function affect strategic behavior. In an attempt to achieve this objective, the study adopted EXP-IPT method and the two-piece utility function method. Findings from the result reviews that there is heterogeneity in the shape of utility functions of real decision makers and that this heterogeneity affects strategic decisions. Utility is often measured using the certainty equivalence technique in empirical studies that deal with decision making under risk. In prospect theory, the shape of a decisionmakers' utility function is assumed to differ between the domain of gains and the domain of losses. The proposed convex/concave utility function predicts risk-prone behaviour in the domain of losses and risk-averse behavior in the domain of gains.