Bank and Non‐<scp>B</scp>ank Financial Deepening and Economic Growth: The Nigerian Experience (1981–2010)

Iyoboyi, Martins

doi:10.1111/j.1468-0300.2013.12008.x

Cited by 7 publications

(7 citation statements)

References 57 publications

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“…Finansal gelişme veya finansal derinleşme olarak tanımlanan bu durumun ekonomik büyümeyi pozitif yönde desteklediğine dair birçok akademik çalışma bulunmaktadır (Patrick, 1966;King ve Levine, 1993;Levine, 1997;Ghali, 1999;Levine, Loayza ve Beck, 2000;Calderon ve Liu, 2003;Apergis vd., 2007;Iyoboyi, 2013;Hamdi vd., 2014;Ghildiyal vd., 2015;Bakang, 2015;Wang, 2019;Sugiyanto ve Yolanda, 2020).…”

Section: Sukuk Ve Ekonomik Büyümeunclassified

Sukuk ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Uygulama

DİLBER

2022

Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

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Purpose: The aim of this paper is to investigate the relationship between sukuk issued by participation banks and economic growth in Turkey. Method: In this paper, Engle-Granger co-integration and Grenger causality approaches were used as methods. The sukuk issued by all participation banks operating in Turkey and real GDP figures have been analyzed for the period of 2013Q4-2021Q3. Findings: As a result of the Engle-Granger co-integration test, long-term statistically significant co-integration relationship was not found between the issuance of sukuk and real GDP. However, according to the Grenger causality test results, a one-way Grenger causality relationship from real GDP to sukuk issuances was found. Implications: According to the results of this paper, there is no co-integration relationship between the sukuk issued by participation banks and economic growth in Turkey. In other words, it was concluded that there is no long-term equilibrium relationship between the variables. In addition, the one-way Grenger causality relationship determined from economic growth to sukuk issuance shows that participation banks cannot contribute to economic growth with the sukuk instrument, on the contrary, they benefit from economic growth. The results of the study are in the opposite direction of the expected results. Originality: The originality of this study is that it is the first study to examine the relationship between variables in the context of Turkey using the Engle-Grenger co-integration and Grenger causality approach.

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Section: Sukuk Ve Ekonomik Büyümeunclassified

Sukuk ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Uygulama

DİLBER

2022

Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

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“…al. (2011), Banerjee (2012), Iyoboyi (2013), Ebi and Emmanuel (2014), Sehrawat and Giri (2015), Mohanty et al (2016) concluded that increase in bank credit (or financial development) leads to higher economic growth. All these studies found significant evidence and consequently supported the supply leading hypothesis.…”

Section: Literaturementioning

confidence: 99%

A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis

Hacıevliyagil

Ekşi̇

2019

South East European Journal of Economics and Business

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The manufacturing sector plays an important role in the development of modern economy all over the world. Manufacturing -as a sub -sector of the industry-refers to the production of raw materials and other factors of production, such as labor, land and capital, or goods and services through the production process. With the multiplier effect, the share of the manufacturing industry sectors in the world value added is around 20%. Similarly, the sector also covers about 1 in 9 of the total employment in the world (UNIDO, 2017). As to put it, the share of the sector in GDP is also very high and crucial. For example, in Turkey, the average manufacturing industry share in total GDP is 40% but it varies yearly. While the shares of agriculture and service sectors in GDP were declining in years recently, the share of the industrial sector was increasing (BAT, 2017).To fully realize the importance of the industry in evaluating the above figures, the interaction between the other sectors of the industrial sector and other economic activities on the economy scale has been examined for many years. In the 1920s, British economist Allyn Young suggested that network-type connections between sectors of this type were the Nuri Hacievliyagil, Ibrahim Halil Eksi AbstractThis study examines the relationship between bank credits and performance and growth of manufacturing sub-sectors. Industrial Production Index was used for a different approach as a dependent variable. Indications of the autoregressive distributed lag (ARDL) bound co-integration test support the theory that bank credits are more effective than loan rates on industrial production of sub-sectors. Moreover, the increase in bank credit leads to the rise of industrial production in all the sub-sectors, except Machinery. According to the Toda Yomamato causality test results, there are different degrees of causalities in means of the importance of bank loans for industrial production. On the other hand, in all sub-sectors except machinery and chemical sub-sectors, causality relations were observed at different grades beginning from loan interest rates to industrial production. As a result, this study concludes with the evidence of supply leading hypothesis via the financial sector leads and causes economic growth.

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“…It helps mitigate external financial shocks and ensures the state’s financial security (Timofei, 2015). Growth in the banking sector is a proven predictor of a country's economic growth (Iyoboyi, 2013; Levine and dan Zervos, 1998). The financial performance of companies, including banks, is critical for determining their market value and stakeholders' trust (Santos and Brito, 2012; Lee, 2008).…”

Section: Introductionmentioning

confidence: 99%

“…Countries with well-developed banking systems and sound financial institutions experience faster economic growth. Growth in a country’s banking sector has been proven to predict economic growth in that country (Iyoboyi, 2013; Levine and dan Zervos, 1998). Therefore, this study adopts the banking ecosystem as the context to examine leadership roles and values and their interrelation with corporate financial performance.…”

Section: Introductionmentioning

confidence: 99%

The impact of chief executive officers’ religiosity on banks’ financial performance in Indonesia

Surya

Rahajeng

2023

JIABR

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Purpose The purpose of this study is to examine the effect of the religiosity of the chief executive officer (CEO) on Indonesian banks’ performance. Design/methodology/approach The research method used was a review of the annual reports of banking companies in Indonesia from 2015 to 2019 and a web-based search to determine the religiosity of the CEOs. This study comprised 88 banking companies in Indonesia that come under the supervision of the Financial Services Authority. Findings The results of this study show that banks led by religious CEOs had better financial performance, as measured by their ROA and ROE, than those led by not very spiritual CEOs. These results indicate the importance of religiosity in organizations, especially at the top management level, for achieving better bank performance. Practical implications This research results show that religiosity plays an essential role in the banking business sector. This research adds to the literature on CEOs’ characteristics based on their religiosity and the concomitant effect on banking performance. Originality/value This study shows how individual religious beliefs influence the corporate behavior of top management, particularly the CEOs, and why this is crucial for organizational decision-making. This study measures an individual's religiosity (i.e. a CEO) based on that individual's actions in their workplace environment.

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Bank and Non‐Bank Financial Deepening and Economic Growth: The Nigerian Experience (1981–2010)

Cited by 7 publications

References 57 publications

Sukuk ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Uygulama

Sukuk ve Ekonomik Büyüme İlişkisi: Türkiye Üzerine Bir Uygulama

A Micro Based Study on Bank Credit and Economic Growth: Manufacturing Sub-Sectors Analysis

The impact of chief executive officers’ religiosity on banks’ financial performance in Indonesia

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