Oil price, macroeconomic environment and stock market performance in an oil-exporting country: evidence from Nigeria

Nwani, Chinazaekpere; Okogbue, Chijioke

doi:10.1504/ijmef.2017.084212

Cited by 3 publications

(2 citation statements)

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“…To measure the percentage increase in the consumer price index (CPI) for all goods and services, the annual inflation rate is used. The actual values of costs and revenues are affected by inflation (Masood et al, 2012;Nwani and Okogbue, 2017. The inflation rate is found to have a positive insignificant relationship with ROA but a significant positive association with ROE (Bogdan and Ihnatov, 2014).…”

Section: Annual Inflation Ratementioning

confidence: 99%

Internal and external determinants of listed commercial banks' profitability in India: dynamic GMM approach

Homaidi

Almaqtari

Yahya

et al. 2020

IJMEF

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This study aims to examine the impact of internal and external determinants of 37 commercial banks' profitability listed on Bombay stock exchange (BSE), India for a period from 2008 to 2017. Both static models (pooled, fixed and random effects) and generalised method of moments (GMM) are used. The results show that bank size, assets quality, liquidity, assets management, and net interest margin are important internal determinants which affect ROA. Capital adequacy, deposits, operation efficiency, gross domestic product and inflation rate are found to have a negative significant impact on ROA. Further, the results indicate that capital adequacy, bank size, operation efficiency, gross domestic product and inflation rate have a significant negative influence on ROE. However, assets quality and assets management exhibit a positive effect on ROE but liquidity, deposits, net interest margin, and non-interest income have an insignificant impact on ROE.

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Section: Annual Inflation Ratementioning

confidence: 99%

Internal and external determinants of listed commercial banks' profitability in India: dynamic GMM approach

Homaidi

Almaqtari

Yahya

et al. 2020

IJMEF

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“…The country economy experienced a steady decline in its growth rate by -1.61% from the year 2015 to 2016 (World Bank, 2018). The reason behind her economy plunging into recession was the fall in global crude oil prices in June 2014, which accounts for approximately 40% of the revenue used to finance her budget (KPMG, 2017) due to high dependence on crude oil revenue (Nwani and Okogbue, 2017). Nigeria is the world's fourth largest liquefied natural gas (LNG) exporter (US Energy Information Administration, 2016), but her natural gas sector had been limited due to the country's lack of infrastructure required for her natural gas to commercialise; thereby causing the flaring of her natural gas, making her the world's seventh gas flaring country with 7.3 bcm (The World Bank Press, 2018).…”

Section: Introductionmentioning

confidence: 99%

Reinvestigating the determinants of environmental degradation in Nigeria

Ayobamiji

Kalmaz

2020

IJEPEE

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This study aims to reinvestigate the impact of economic growth in relation with trade openness, financial development, energy consumption and foreign direct investment to overcome the omitted variable problem on environmental degradation in Nigeria for the years from 1971 to 2015. Bounds test results reveal a cointegrating relationship between variables in the long run. Both in the long and short run, economic growth tends to affect CO 2 emissions positively. In the long run, energy consumption positively impacts CO 2 emissions while CO 2 emissions tend to be negatively affected by foreign direct investment. Furthermore, a robust check was performed through the FMOLS and DOLS to establish the long run effect. Moreover, we employed wavelet coherence based causality test which provided stronger supportive evidence to the long-run estimations of this study. The significance of this study stems from the uniqueness that to the best of our knowledge there has been no study combining these variables in addition to the fact that the econometric techniques employed have not been applied in conjunction to the subject for the case of Nigeria.

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Symmetric and asymmetric effects of crude oil price and exchange rate on stock market performance in Nigeria: Evidence from multiple structural break and NARDL analysis

Okere

Muoneke

Onuoha³

2021

The Journal of International Trade & Economic Development

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Oil price, macroeconomic environment and stock market performance in an oil-exporting country: evidence from Nigeria

Cited by 3 publications

References 0 publications

Internal and external determinants of listed commercial banks' profitability in India: dynamic GMM approach

Internal and external determinants of listed commercial banks' profitability in India: dynamic GMM approach

Reinvestigating the determinants of environmental degradation in Nigeria

Symmetric and asymmetric effects of crude oil price and exchange rate on stock market performance in Nigeria: Evidence from multiple structural break and NARDL analysis

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