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Economic Freedom, Institutional Quality and Financial Performance of Banks in Selected African Countries.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Economic Freedom, Institutional Quality and Financial Performance of Banks in Selected African Countries./
作者:	Oladele, Toluwa Celestine.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
面頁冊數:	159 p.
附註:	Source: Dissertations Abstracts International, Volume: 83-06, Section: A.
Contained By:	Dissertations Abstracts International83-06A.
標題:	Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28863237
ISBN:	9798496543781

Economic Freedom, Institutional Quality and Financial Performance of Banks in Selected African Countries.
Oladele, Toluwa Celestine.

Economic Freedom, Institutional Quality and Financial Performance of Banks in Selected African Countries. - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 159 p.

Source: Dissertations Abstracts International, Volume: 83-06, Section: A.

Thesis (Ph.D.)--Kwara State University (Nigeria), 2021.

This item must not be sold to any third party vendors.

The banking sector is perhaps one of the most important financial intermediaries in any nation due to its ability to provide the capital required for economic activities. However, the decline in banks' financial performance in Africa and the institutional challenges in the continent, coupled with the inability to attract the much-needed investment for economic prosperity, have reduced the banks' ability to stimulate economic activities effectively. Thus, this study examined the effect of economic freedom and institutional quality on banks' financial performance in selected African countries. The specific objectives were to (i) examine the effect of economic freedom on the financial performance of banks; (ii) assess the impact of institutional quality on bank financial performance; (iii) investigate the relationship between business freedom and bank financial performance; (iv) assess the effect of monetary freedom on the financial performance of banks; (v) evaluate the effect of financial freedom on bank financial performance, and (vi) examine the effect of corruption on bank financial performance. The study listed a variant of financial liberalisation model which repeated financial performance on the measures of economic freedom and institutional quality. The study employed an ex post facto research design. The study population consisted of the 1017 banks operating in Africa from 2010 to 2019. The study relied on the Yamane formula to determine the sample size while the purposive sampling technique was employed to select the top 200 banks in Africa in terms of assets, profits and size. Data were collected from secondary sources. The data were sourced from the BankFocus database, the Heritage Foundation and the World Development Indicator. The Variance Inflation Factor was employed to test for multicollinearity among the independent variables while the System Generalised Method of Moment was employed as the estimation technique to test the hypotheses formulated. The findings of the study revealed that: (i) economic freedom with a coefficient of 0.0248672 and P-value of 0.005 has a positive and statistically significant effect on the financial performance of banks; (ii) institutional quality has a coefficient value of 0.4109569 and a P-value of 0.006, indicating that institutional quality positively and significantly affects bank financial performance; (iii) business freedom with a coefficient of 0.0189183 and P-value of 0.021 indicated that business freedom has a positive and significant effect on bank financial performance; (iv) Monetary freedom (0.0027045, P-value 0.042) has a positive effect on bank financial performance; (v) Financial freedom (1.343668, P-value 0.000) has a positive and significant effect on bank financial performance; and (vi) with a coefficient of -0.0107847 and a P-value of 0.049, corruption has a negative effect on banks' financial performance. The study, therefore, concluded that economic freedom, institutional quality, business freedom, monetary freedom, financial freedom, and corruption are significant drivers of bank financial performance. The study recommended, among others, that each nation should put measures in place to improve economic freedom by removing unnecessary barriers to economic liberalisation.

ISBN: 9798496543781Subjects--Topical Terms:

542899
Finance.
Subjects--Index Terms:

African countries

Economic Freedom, Institutional Quality and Financial Performance of Banks in Selected African Countries.
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245 1 0 $a Economic Freedom, Institutional Quality and Financial Performance of Banks in Selected African Countries.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2021
300 $a 159 p.
500 $a Source: Dissertations Abstracts International, Volume: 83-06, Section: A.
500 $a Advisor: Onaolapo, A. R.;Abdullahi, I. B.
502 $a Thesis (Ph.D.)--Kwara State University (Nigeria), 2021.
506 $a This item must not be sold to any third party vendors.
520 $a The banking sector is perhaps one of the most important financial intermediaries in any nation due to its ability to provide the capital required for economic activities. However, the decline in banks' financial performance in Africa and the institutional challenges in the continent, coupled with the inability to attract the much-needed investment for economic prosperity, have reduced the banks' ability to stimulate economic activities effectively. Thus, this study examined the effect of economic freedom and institutional quality on banks' financial performance in selected African countries. The specific objectives were to (i) examine the effect of economic freedom on the financial performance of banks; (ii) assess the impact of institutional quality on bank financial performance; (iii) investigate the relationship between business freedom and bank financial performance; (iv) assess the effect of monetary freedom on the financial performance of banks; (v) evaluate the effect of financial freedom on bank financial performance, and (vi) examine the effect of corruption on bank financial performance. The study listed a variant of financial liberalisation model which repeated financial performance on the measures of economic freedom and institutional quality. The study employed an ex post facto research design. The study population consisted of the 1017 banks operating in Africa from 2010 to 2019. The study relied on the Yamane formula to determine the sample size while the purposive sampling technique was employed to select the top 200 banks in Africa in terms of assets, profits and size. Data were collected from secondary sources. The data were sourced from the BankFocus database, the Heritage Foundation and the World Development Indicator. The Variance Inflation Factor was employed to test for multicollinearity among the independent variables while the System Generalised Method of Moment was employed as the estimation technique to test the hypotheses formulated. The findings of the study revealed that: (i) economic freedom with a coefficient of 0.0248672 and P-value of 0.005 has a positive and statistically significant effect on the financial performance of banks; (ii) institutional quality has a coefficient value of 0.4109569 and a P-value of 0.006, indicating that institutional quality positively and significantly affects bank financial performance; (iii) business freedom with a coefficient of 0.0189183 and P-value of 0.021 indicated that business freedom has a positive and significant effect on bank financial performance; (iv) Monetary freedom (0.0027045, P-value 0.042) has a positive effect on bank financial performance; (v) Financial freedom (1.343668, P-value 0.000) has a positive and significant effect on bank financial performance; and (vi) with a coefficient of -0.0107847 and a P-value of 0.049, corruption has a negative effect on banks' financial performance. The study, therefore, concluded that economic freedom, institutional quality, business freedom, monetary freedom, financial freedom, and corruption are significant drivers of bank financial performance. The study recommended, among others, that each nation should put measures in place to improve economic freedom by removing unnecessary barriers to economic liberalisation.
590 $a School code: 2005.
650 4 $a Finance. $3 542899
650 4 $a African studies. $3 2122725
653 $a African countries
653 $a Banks
653 $a Economic freedom
653 $a Financial performance
653 $a Monetary freedom
653 $a Corruption
653 $a Liberalization
690 $a 0508
690 $a 0293
690 $a 0770
710 2 $a Kwara State University (Nigeria). $b Faculty of Humanities, Management and Social Sciences. $3 3561704
773 0 $t Dissertations Abstracts International $g 83-06A.
790 $a 2005
791 $a Ph.D.
792 $a 2021
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28863237