International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector)

Suoye Igoni; Akpeghughu; Mevrabor Kingsley

doi:doi:10.11648/j.ijfbr.20170301.12

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International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector)

Suoye Igoni, Akpeghughu, Mevrabor Kingsley

Published in International Journal of Finance and Banking Research (Volume 3, Issue 1)

Received: 14 December 2016 Accepted: 12 January 2017 Published: 21 March 2017

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Abstract

The primary aim of this study is to examine the relations between international financial transactions and corporate performance in a dynamic financial market within the banking industries using Annual Time Series Data of the Variables. The annual time series data were sourced majorly from central bank of Nigeria statistical bulletin. This study covers 33 years period between 1980-2013. Econometric techniques of ordinary least square (OLS) Augmented were employed in the analysis. Return on investment was used as a measure of corporate performance. The international financial transactions measure includes (growth of cross-border credits to total deposit money banks assets, growth of non oil export to deposit money bank asset, cross border banking claims to total deposit money bank assets and exchange rate) as independent variables. The results indicate that corporate performance in a financial market which is measured by return on Investment has a positive and significant relationship on growth of cross boarder credit to total deposit money banks assets, growth of non-oil export to deposit money banks assets, cross boarder banking claims to total deposit money bank assets and ratio of exchange rate of Naira to Dollar. Consequently, it is recommended that there is every need for the deposit money banks management to strengthen their international financial transactions management scope as the indicators studied largely exhibit strong influence on the performance of deposit money banks.

Published in	International Journal of Finance and Banking Research (Volume 3, Issue 1)
DOI	10.11648/j.ijfbr.20170301.12
Page(s)	13-21
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Corporate Performance, International Financial Transaction, Non-oil Export, Cross Boarder Banking Claims

References

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APA Style

Suoye Igoni, Akpeghughu, Mevrabor Kingsley. (2017). International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector). International Journal of Finance and Banking Research, 3(1), 13-21. https://doi.org/10.11648/j.ijfbr.20170301.12

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ACS Style

Suoye Igoni; Akpeghughu; Mevrabor Kingsley. International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector). Int. J. Finance Bank. Res. 2017, 3(1), 13-21. doi: 10.11648/j.ijfbr.20170301.12

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AMA Style

Suoye Igoni, Akpeghughu, Mevrabor Kingsley. International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector). Int J Finance Bank Res. 2017;3(1):13-21. doi: 10.11648/j.ijfbr.20170301.12

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@article{10.11648/j.ijfbr.20170301.12,
  author = {Suoye Igoni and Akpeghughu and Mevrabor Kingsley},
  title = {International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector)},
  journal = {International Journal of Finance and Banking Research},
  volume = {3},
  number = {1},
  pages = {13-21},
  doi = {10.11648/j.ijfbr.20170301.12},
  url = {https://doi.org/10.11648/j.ijfbr.20170301.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20170301.12},
  abstract = {The primary aim of this study is to examine the relations between international financial transactions and corporate performance in a dynamic financial market within the banking industries using Annual Time Series Data of the Variables. The annual time series data were sourced majorly from central bank of Nigeria statistical bulletin. This study covers 33 years period between 1980-2013. Econometric techniques of ordinary least square (OLS) Augmented were employed in the analysis. Return on investment was used as a measure of corporate performance. The international financial transactions measure includes (growth of cross-border credits to total deposit money banks assets, growth of non oil export to deposit money bank asset, cross border banking claims to total deposit money bank assets and exchange rate) as independent variables. The results indicate that corporate performance in a financial market which is measured by return on Investment has a positive and significant relationship on growth of cross boarder credit to total deposit money banks assets, growth of non-oil export to deposit money banks assets, cross boarder banking claims to total deposit money bank assets and ratio of exchange rate of Naira to Dollar. Consequently, it is recommended that there is every need for the deposit money banks management to strengthen their international financial transactions management scope as the indicators studied largely exhibit strong influence on the performance of deposit money banks.},
 year = {2017}
}

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TY  - JOUR
T1  - International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector)
AU  - Suoye Igoni
AU  - Akpeghughu
AU  - Mevrabor Kingsley
Y1  - 2017/03/21
PY  - 2017
N1  - https://doi.org/10.11648/j.ijfbr.20170301.12
DO  - 10.11648/j.ijfbr.20170301.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 13
EP  - 21
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20170301.12
AB  - The primary aim of this study is to examine the relations between international financial transactions and corporate performance in a dynamic financial market within the banking industries using Annual Time Series Data of the Variables. The annual time series data were sourced majorly from central bank of Nigeria statistical bulletin. This study covers 33 years period between 1980-2013. Econometric techniques of ordinary least square (OLS) Augmented were employed in the analysis. Return on investment was used as a measure of corporate performance. The international financial transactions measure includes (growth of cross-border credits to total deposit money banks assets, growth of non oil export to deposit money bank asset, cross border banking claims to total deposit money bank assets and exchange rate) as independent variables. The results indicate that corporate performance in a financial market which is measured by return on Investment has a positive and significant relationship on growth of cross boarder credit to total deposit money banks assets, growth of non-oil export to deposit money banks assets, cross boarder banking claims to total deposit money bank assets and ratio of exchange rate of Naira to Dollar. Consequently, it is recommended that there is every need for the deposit money banks management to strengthen their international financial transactions management scope as the indicators studied largely exhibit strong influence on the performance of deposit money banks.
VL  - 3
IS  - 1
ER  -

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Author Information

Suoye Igoni

Department of Finance and Banking, University of Port Harcourt, Port-Harcourt, Nigeria
Akpeghughu

Department of Finance and Banking, University of Port Harcourt, Port-Harcourt, Nigeria
Mevrabor Kingsley

Department of Finance and Banking, University of Port Harcourt, Port-Harcourt, Nigeria

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Plain Text BibTeX RIS

APA Style

Suoye Igoni, Akpeghughu, Mevrabor Kingsley. (2017). International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector). International Journal of Finance and Banking Research, 3(1), 13-21. https://doi.org/10.11648/j.ijfbr.20170301.12

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ACS Style

Suoye Igoni; Akpeghughu; Mevrabor Kingsley. International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector). Int. J. Finance Bank. Res. 2017, 3(1), 13-21. doi: 10.11648/j.ijfbr.20170301.12

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AMA Style

Suoye Igoni, Akpeghughu, Mevrabor Kingsley. International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector). Int J Finance Bank Res. 2017;3(1):13-21. doi: 10.11648/j.ijfbr.20170301.12

Copy | Download

@article{10.11648/j.ijfbr.20170301.12,
  author = {Suoye Igoni and Akpeghughu and Mevrabor Kingsley},
  title = {International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector)},
  journal = {International Journal of Finance and Banking Research},
  volume = {3},
  number = {1},
  pages = {13-21},
  doi = {10.11648/j.ijfbr.20170301.12},
  url = {https://doi.org/10.11648/j.ijfbr.20170301.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20170301.12},
  abstract = {The primary aim of this study is to examine the relations between international financial transactions and corporate performance in a dynamic financial market within the banking industries using Annual Time Series Data of the Variables. The annual time series data were sourced majorly from central bank of Nigeria statistical bulletin. This study covers 33 years period between 1980-2013. Econometric techniques of ordinary least square (OLS) Augmented were employed in the analysis. Return on investment was used as a measure of corporate performance. The international financial transactions measure includes (growth of cross-border credits to total deposit money banks assets, growth of non oil export to deposit money bank asset, cross border banking claims to total deposit money bank assets and exchange rate) as independent variables. The results indicate that corporate performance in a financial market which is measured by return on Investment has a positive and significant relationship on growth of cross boarder credit to total deposit money banks assets, growth of non-oil export to deposit money banks assets, cross boarder banking claims to total deposit money bank assets and ratio of exchange rate of Naira to Dollar. Consequently, it is recommended that there is every need for the deposit money banks management to strengthen their international financial transactions management scope as the indicators studied largely exhibit strong influence on the performance of deposit money banks.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - International Financial Transactions and Corporate Performance in a Dynamic Financial Market (Evidence from Nigerian Financial Sector)
AU  - Suoye Igoni
AU  - Akpeghughu
AU  - Mevrabor Kingsley
Y1  - 2017/03/21
PY  - 2017
N1  - https://doi.org/10.11648/j.ijfbr.20170301.12
DO  - 10.11648/j.ijfbr.20170301.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 13
EP  - 21
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20170301.12
AB  - The primary aim of this study is to examine the relations between international financial transactions and corporate performance in a dynamic financial market within the banking industries using Annual Time Series Data of the Variables. The annual time series data were sourced majorly from central bank of Nigeria statistical bulletin. This study covers 33 years period between 1980-2013. Econometric techniques of ordinary least square (OLS) Augmented were employed in the analysis. Return on investment was used as a measure of corporate performance. The international financial transactions measure includes (growth of cross-border credits to total deposit money banks assets, growth of non oil export to deposit money bank asset, cross border banking claims to total deposit money bank assets and exchange rate) as independent variables. The results indicate that corporate performance in a financial market which is measured by return on Investment has a positive and significant relationship on growth of cross boarder credit to total deposit money banks assets, growth of non-oil export to deposit money banks assets, cross boarder banking claims to total deposit money bank assets and ratio of exchange rate of Naira to Dollar. Consequently, it is recommended that there is every need for the deposit money banks management to strengthen their international financial transactions management scope as the indicators studied largely exhibit strong influence on the performance of deposit money banks.
VL  - 3
IS  - 1
ER  -

Copy | Download