文章基本信息

标题：AN EMPIRICAL ASSESSMENT OF THE EFFECT OF CORPORATE RESTRUCTURING IN THE BANKING INDUSTRY AND ECONOMIC GROWTH IN NIGERIA, 1990-2009
本地全文：下载
作者：Chris O. Udoka ; Roland Agwenjang Anyingang
期刊名称：European Journal of Business and Management
印刷版ISSN：2222-2839
电子版ISSN：2222-2839
出版年度：2012
卷号：4
期号：16
页码：1-8
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The main thrust of this study was an empirical assessment of the effect of corporate restructuring in the banking industry and economic growth in Nigeria from 1990-2009. Secondary data were obtained from the Central Bank of Nigeria Statistical bulletin. A model was formulated liking economic growth on one hand to foreign direct investment, aggregate capital to the private sector, pre-tax on profit for all banks and number of personnel of banks on the other hand. Data collected were analyzed and tested using Ordinary least square multiple regression statistical technique. Result of the findings revealed that foreign direct investment, aggregate capital to the private sector, significantly influenced economic growth in Nigeria. The result also revealed that pre –tax profit for all banks and number of employees of banks significantly influenced economic growth in Nigeria. It was recommended that The central Bank of Nigeria CBN Should deliberately (through regulatory incentives for corporative restructuring) encouraged banks to invest their, usually huge, post restructuring capital subsequent profits in the real sector of the economy to boost the productive capacity of Nigeria’s economy.