An Empirical Analysis of the Determinants of Capital Adequacy in the Insurance Sub-sector of the Nigerian Economy

Simple item page
dc.contributor.authorOgege, S
dc.contributor.authorMojekwu, J.N
dc.date.accessioned2019-03-18T09:25:33Z
dc.date.available2019-03-18T09:25:33Z
dc.date.issued2013
dc.descriptionJournal Articlesen_US
dc.description.abstractThe paper examines the impact of capital adequacy in the Insurance sub-sector and the growth of the Nigeria economy. It specifically seeks to ascertain the effect of insurance companies’ capital base and macroeconomic variables on the economy. Data used for the study were extracted from the Central Bank of Nigeria’s statistical Bulletin (2009). It employed the error correction framework and co-integration techniques to test the relationship between the insurance capital base and macroeconomics variables, also the adopted Granger causality test. Results reveal that political stability may reduce financial distress and bankruptcy while the total investment for the industry will affect insurance companies’ capital in most developing economies in the period of financial crisis. However, the study also establishes that there is a negative relationship between inflation and insurance companies’ capital base. The results suggest that the Nigerian government should regulate investment policy while insurance companies’ regulators should strive to keep inflation at a minimum level, if possible below 5% for them to be more efficient to be globally competitive.en_US
dc.description.sponsorshipTertiary Education Trust Funden_US
dc.identifier.citationOgege, S and Mojekwu, J.N (2013). An Empirical Analysis of the Determinants of Capital Adequacy in the Insurance Sub-sector of the Nigerian Economy. Unilag Journal of Humanities, Vol.1(1), 1-14p.en_US
dc.identifier.issn2408-5030
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/3985
dc.language.isoenen_US
dc.publisherUniversity of Lagos Press, Akokaen_US
dc.relation.ispartofseriesUniversity of Lagos Journal;Vol.1(1)
dc.subjectCapital adequacyen_US
dc.subjectMacroeconomics Variablesen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Business and economics::Economicsen_US
dc.titleAn Empirical Analysis of the Determinants of Capital Adequacy in the Insurance Sub-sector of the Nigerian Economyen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
An Empirical Analysis of the Determinants of Capital Adequacy in the Insurance Sub-sector of the Nigerian Economy.pdf
Size:
294.64 KB
Format:
Adobe Portable Document Format
Description:
Full Texts
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Volume 1, Issue 1 , 2013