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Regulatory shocks and shareholders return of listed deposit money banks in Nigeria

Oneyor, Oritsejolomisan (2021) Regulatory shocks and shareholders return of listed deposit money banks in Nigeria. Masters thesis, Dublin, National College of Ireland.

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Abstract

Banks have suffered a lot of setbacks and eventually collapsed due to mismanagement, inexperience, unhealthy banking practices, non-adherence to ethical standards on the part of the management and to a very large extent, absence as well as inadequate financial regulation and supervision. As a result of these ills in the banking sector then, there was a need to financially regulate the sector to ensure its optimal performance. Thus, the study examined the effect of regulatory shocks on shareholders return of listed deposit money banks in Nigeria. The sample size consisted of ten (10) deposit money banks in Nigeria. Data from the research were obtained from financial statements and annual reports of the sampled banks. Data were analyzed through Descriptive and Inferential statistics. The findings revealed that regulatory shocks have significant impact on shareholders return (Adj.R2= 0.1715, Wald chi2(1) = 291.44, p<0.05); capital adequacy ratio does not significantly affect shareholders return (R2= 0.0292, z = 1.63, p>0.05); reserve requirement does not significantly affect shareholders return (R2= 0.0081, t = -0.90, p>0.05); monetary policy rate significantly affects shareholders return (R2= 0.0992, t = 3.29, p<0.05) and banking reform significantly affect shareholders return of listed money deposit banks in Nigeria (R2= 0.1060, z = -7.96, p<0.05). The study concluded that regulatory shocks have significant impact on shareholders return of listed deposit money banks in Nigeria. The study recommended that management should provide adequate capital and be readily available for any regulatory reforms to be carried out by CBN in order to reduce the negative effect, it does have on financial institutions and ensure that shareholders are catered for through increase in dividend and allowing for future expansion.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Banking sector reform; Bank size; Capital adequacy; Reserve requirement; Monetary Policy rate; Regulatory shocks; Shareholders returns
Subjects: D History General and Old World > DT Africa
H Social Sciences > HG Finance > Banking
Divisions: School of Business > Master of Science in International Business
Depositing User: Clara Chan
Date Deposited: 04 Mar 2022 15:19
Last Modified: 04 Mar 2022 15:20
URI: http://norma.ncirl.ie/id/eprint/5531

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