Olusegun Olowe - Academia.edu (original) (raw)
Papers by Olusegun Olowe
Manager Journal, Dec 1, 2011
The distance from KNOWING to DOING is apparently small. The efforts that every man and society ma... more The distance from KNOWING to DOING is apparently small. The efforts that every man and society make in order that each of us could bridge the gap are very important. The educational system can offer solutions to cross this gap for the majority of society. However, frequently, the society is not able to offer all of its members the chance to be educated or to self-educate. When entire social groups are discriminated against in terms of education, we risk creating and spreading serious social and economic problems. All too often, we consider and analyze the effects and not causes of failures. We see that on the labor market we have so many unemployed, but when it comes to staff selections there are not enough competent people. The conclusion is clear: the system is not doing its proper job towards the people. If we look from afar we see that there is a gap from DOING to BEING if the problems of KNOWING and DOING were not solved in time. When we refer to the DOING component we are already talking about the attitudinal component. Real economy works if we work with SKILLS and ATTITUDES. They belong to people that the system educates or, in many cases, leaves them to chance. This is why policy makers need to responsibly encourage people to pass successively through planes: TO KNOW, TO DO, TO BE. Future economy will be represented by people who have been coherent and consistent through the three plans.
International Journal of Research in Commerce, Economics and Management, 2011
Within the context of risk integration, this study set out to empirically analyze the effectivene... more Within the context of risk integration, this study set out to empirically analyze the effectiveness of liquidity and asset management on the economies of developing nations with reference to Nigeria. The work examined how liquidity management has affected the economy considering some explanatory variables of balance of payments, exchange rates, international liquidity, and broad money supply in relation to the real gross national product as dependent variable. The study revealed significant relationships in terms of the degree of effectiveness. In the light of this, the null hypotheses were rejected while the alternative hypotheses were upheld. Some cogent and credit policy formulation recommendations were preferred in line with the result of the findings. This framework of the study uses the econometrics approach of ordinary least squares while the EVIEWS statistical software justified the method of analysis, using annual data of Central Bank from 1979 to 2008 for asymptotical relevance and credence.
Anybody can submit the soft copy of his/her manuscript anytime in M.S. Word format after preparin... more Anybody can submit the soft copy of his/her manuscript anytime in M.S. Word format after preparing the same as per our submission guidelines duly available on our website under the heading guidelines for submission, at the email addresses,
This paper provides an in-depth study on the history and evolution of Commercial Bank characteris... more This paper provides an in-depth study on the history and evolution of Commercial Bank characteristic factors and other Macroeconomic variables on the financial industry performance indices in Nigeria from 1977 to 2010. The work employed a 3-stage procedure in the assessment of Commercial Bank characteristic factors and other Macroeconomic variables on Total Credit, Investment, and Commercial Bank Lending and Deposit Rate. The essence is to assess the impact of environmental factors on efficiency of commercial banks in Nigeria within the period of study. While investigating relationships between bank efficiency and bank specific factors such as lending rate, deposit rate, Liquidity, Cash Reserve, and Inflation and also the impact of bank efficiency on those bank level factors as well as financial deepening. The study using econometrics approach revealed that apart from credit risk, Lending, Deposit rates, and Investments are associated with large bank size as evident in the network of branches. The results indicated that Returns and Profitability of Commercial Banks are significantly affected by Macroeconomic variables and other characteristic factors. As such macroeconomic policies are likely to promote low inflation while stable output growth may boost credit expansion to the benefit of the Nigerian economy.
SSRN Electronic Journal, 2009
The study highlighted the importance of required infrastructures such as energy as a panacea to t... more The study highlighted the importance of required infrastructures such as energy as a panacea to the realization of the objectives and goals of Vision 2020 in Nigeria. With the dearth of infrastructures, the move towards stability and consolidation in the polity may not be feasible. In the light of these, the importance of vision 20:2020 as a catalyst to the industrial development of the country and the placement of the nation in a central location within the comity of nations becomes imperative. It is in this instance that the millennium development goals (mdg) become realizable and of relevance in the achievement of the macroeconomic objectives of government. Consequently ,the need to be well positioned in the provision of social amenities for the benefit of the citizens becomes a-must do for managers at all levels of governance and this determines to a reasonable extent the way forward for economic and technological breakthrough of the less developed economies such as Nigeria.
SSRN Electronic Journal, 2009
As our educational institutions turns out university graduates year-in- year-out, the labour mark... more As our educational institutions turns out university graduates year-in- year-out, the labour market which is expected to absorb these graduates puts on the toga of inelasticity. The labour market seems saturated therefore. New jobs were either not being created or created in error, neither were the current jobs restructured nor reengineered and this has brought about a very strong negative impact on the national economy as well as the standard of living of the citizenry because profitable employment is synonymous with empowerment. The issue of graduate unemployment could take many ugly forms therefore.Some of these graduates could either be properly employed, under-employed, self- employed or even over- employed as the case may be. The government approach to self employment which is expected to be the focus of our educational institutions curricula in solving this menace and shifting emphasis from the so called ‘ white collar’ jobs to self employment status for the benefit of the economy and the quest to reduce unemployment indices have not been able to achieve the desired result.In the light of these, this study focuses on the unemployment situation as a reflection of good governance and development in Africa with Nigeria as a reference point as well as its impact on the national economy with special reference to human capacity development and nations’ building. The independent t-test and Anova statistical methods were used to assess the significant difference of the study while Microsoft Excel Statistical Package justified the result.
CHIEF PATRON CHIEF PATRON
... The President who was represented at the occasion by Vice-President Good luck Jonathan noted ... more ... The President who was represented at the occasion by Vice-President Good luck Jonathan noted that these targets must be met for Nigeria to move from its 40th position in the world's economy and the third in Africa to rank among the top 20 ... CBN Eneanya, Augustine (2008). ...
soton.ac.uk
Financi al innovation refers both to technological advances which facilitate access to informatio... more Financi al innovation refers both to technological advances which facilitate access to information, trading and means of payment. The demand for money is very crucial in the conduct and determination of the effectiveness of monetary policy. This study attempts to analyse whether financial innovations that occurred in Ni geria after the Structural Adjustment Programme of 1986 has affected the demand for money in Ni geria using the Engle and Granger Two-Step Cointegration technique. Though the study revealed that demand for money co nforms to the theory that income is positi vely related to the demand for cash balances and interest rate has an inverse rel ationship with the demand for real cash balances, it was also di scovered that the financial innovations introduced into the financial system hav e not significantly affected the demand for money in Nigeria. Based on the results obtained, a policy of attracting more patticipants (non-government) and private sector funds to the money market is necessary as this will deepen the market and make the market more dynamic and amenable to monetary policy. Therefore, the study concludes that financial innovation has had no significant impact on the demand for money in Ni geria and the SAP era financial liberalization policies have had no indirect impact on the demand for money as well.
African Journal of Marketing Management, Oct 31, 2011
... This work as an empirical economics assessment examined the role of Nigerian domestic macroec... more ... This work as an empirical economics assessment examined the role of Nigerian domestic macroeconomic policies ... recent crisis has shown once again that market discipline is ineffective in preventing recurrent episodes as ... The data are sourced from the Central Bank of Nigeria. ...
The need to critically analyze the efficiency of capital market on the Nigerian economy for the p... more The need to critically analyze the efficiency of capital market on the Nigerian economy for the period between 1979 and 2008 as a reference point for developing economies is the bedrock of this work. The results indicate that the stock market indeed contributes to economic growth as all variables conformed to expectation. The Nigerian Stock Exchange has not been having the best of times as an aftermath of the global financial crisis after an unprecedented surge in returns on investment which has resulted in a continuous downturn in market capitalization. Multiple regression method of econometric analysis was used for the work. The major findings revealed a negative relationship between the market capitalization and the Gross Domestic Product as well as a negative relationship between the turnover ratio and the Gross Domestic Product while a positive relationship was observed between the all-share index and the Gross Domestic Product. These findings led to some policy formulations aimed at an improved and developed market for potential gain to the benefit of rational investors even across national borders.
This study examined the determinants of share prices in the Nigerian stock exchange market. To ac... more This study examined the determinants of share prices in the Nigerian stock exchange market. To achieve the objective of this study, a total of 30 listed firms in the Nigerian stock exchange market were selected and analyzed for the study using the judgmental sampling technique. Also, the Nigerian stock exchange fact book and the corporate annual reports for the period 2006-2010 were used for the study. The paper basically modelled the effects of financial performance, dividend payout and financial leverage on the share price of listed firms operating in the Nigerian stock exchange market using the regression analysis method. The study as part of its findings observed that there is a significant positive relationship between firms' financial performance and the market value of share prices of the listed firms in Nigeria. Consequently, the paper concludes that firms' financial performance, dividend payouts and financial leverage are strong determinants of the market value of share prices in Nigeria.
Manager Journal, Dec 1, 2011
The distance from KNOWING to DOING is apparently small. The efforts that every man and society ma... more The distance from KNOWING to DOING is apparently small. The efforts that every man and society make in order that each of us could bridge the gap are very important. The educational system can offer solutions to cross this gap for the majority of society. However, frequently, the society is not able to offer all of its members the chance to be educated or to self-educate. When entire social groups are discriminated against in terms of education, we risk creating and spreading serious social and economic problems. All too often, we consider and analyze the effects and not causes of failures. We see that on the labor market we have so many unemployed, but when it comes to staff selections there are not enough competent people. The conclusion is clear: the system is not doing its proper job towards the people. If we look from afar we see that there is a gap from DOING to BEING if the problems of KNOWING and DOING were not solved in time. When we refer to the DOING component we are already talking about the attitudinal component. Real economy works if we work with SKILLS and ATTITUDES. They belong to people that the system educates or, in many cases, leaves them to chance. This is why policy makers need to responsibly encourage people to pass successively through planes: TO KNOW, TO DO, TO BE. Future economy will be represented by people who have been coherent and consistent through the three plans.
International Journal of Research in Commerce, Economics and Management, 2011
Within the context of risk integration, this study set out to empirically analyze the effectivene... more Within the context of risk integration, this study set out to empirically analyze the effectiveness of liquidity and asset management on the economies of developing nations with reference to Nigeria. The work examined how liquidity management has affected the economy considering some explanatory variables of balance of payments, exchange rates, international liquidity, and broad money supply in relation to the real gross national product as dependent variable. The study revealed significant relationships in terms of the degree of effectiveness. In the light of this, the null hypotheses were rejected while the alternative hypotheses were upheld. Some cogent and credit policy formulation recommendations were preferred in line with the result of the findings. This framework of the study uses the econometrics approach of ordinary least squares while the EVIEWS statistical software justified the method of analysis, using annual data of Central Bank from 1979 to 2008 for asymptotical relevance and credence.
Anybody can submit the soft copy of his/her manuscript anytime in M.S. Word format after preparin... more Anybody can submit the soft copy of his/her manuscript anytime in M.S. Word format after preparing the same as per our submission guidelines duly available on our website under the heading guidelines for submission, at the email addresses,
This paper provides an in-depth study on the history and evolution of Commercial Bank characteris... more This paper provides an in-depth study on the history and evolution of Commercial Bank characteristic factors and other Macroeconomic variables on the financial industry performance indices in Nigeria from 1977 to 2010. The work employed a 3-stage procedure in the assessment of Commercial Bank characteristic factors and other Macroeconomic variables on Total Credit, Investment, and Commercial Bank Lending and Deposit Rate. The essence is to assess the impact of environmental factors on efficiency of commercial banks in Nigeria within the period of study. While investigating relationships between bank efficiency and bank specific factors such as lending rate, deposit rate, Liquidity, Cash Reserve, and Inflation and also the impact of bank efficiency on those bank level factors as well as financial deepening. The study using econometrics approach revealed that apart from credit risk, Lending, Deposit rates, and Investments are associated with large bank size as evident in the network of branches. The results indicated that Returns and Profitability of Commercial Banks are significantly affected by Macroeconomic variables and other characteristic factors. As such macroeconomic policies are likely to promote low inflation while stable output growth may boost credit expansion to the benefit of the Nigerian economy.
SSRN Electronic Journal, 2009
The study highlighted the importance of required infrastructures such as energy as a panacea to t... more The study highlighted the importance of required infrastructures such as energy as a panacea to the realization of the objectives and goals of Vision 2020 in Nigeria. With the dearth of infrastructures, the move towards stability and consolidation in the polity may not be feasible. In the light of these, the importance of vision 20:2020 as a catalyst to the industrial development of the country and the placement of the nation in a central location within the comity of nations becomes imperative. It is in this instance that the millennium development goals (mdg) become realizable and of relevance in the achievement of the macroeconomic objectives of government. Consequently ,the need to be well positioned in the provision of social amenities for the benefit of the citizens becomes a-must do for managers at all levels of governance and this determines to a reasonable extent the way forward for economic and technological breakthrough of the less developed economies such as Nigeria.
SSRN Electronic Journal, 2009
As our educational institutions turns out university graduates year-in- year-out, the labour mark... more As our educational institutions turns out university graduates year-in- year-out, the labour market which is expected to absorb these graduates puts on the toga of inelasticity. The labour market seems saturated therefore. New jobs were either not being created or created in error, neither were the current jobs restructured nor reengineered and this has brought about a very strong negative impact on the national economy as well as the standard of living of the citizenry because profitable employment is synonymous with empowerment. The issue of graduate unemployment could take many ugly forms therefore.Some of these graduates could either be properly employed, under-employed, self- employed or even over- employed as the case may be. The government approach to self employment which is expected to be the focus of our educational institutions curricula in solving this menace and shifting emphasis from the so called ‘ white collar’ jobs to self employment status for the benefit of the economy and the quest to reduce unemployment indices have not been able to achieve the desired result.In the light of these, this study focuses on the unemployment situation as a reflection of good governance and development in Africa with Nigeria as a reference point as well as its impact on the national economy with special reference to human capacity development and nations’ building. The independent t-test and Anova statistical methods were used to assess the significant difference of the study while Microsoft Excel Statistical Package justified the result.
CHIEF PATRON CHIEF PATRON
... The President who was represented at the occasion by Vice-President Good luck Jonathan noted ... more ... The President who was represented at the occasion by Vice-President Good luck Jonathan noted that these targets must be met for Nigeria to move from its 40th position in the world's economy and the third in Africa to rank among the top 20 ... CBN Eneanya, Augustine (2008). ...
soton.ac.uk
Financi al innovation refers both to technological advances which facilitate access to informatio... more Financi al innovation refers both to technological advances which facilitate access to information, trading and means of payment. The demand for money is very crucial in the conduct and determination of the effectiveness of monetary policy. This study attempts to analyse whether financial innovations that occurred in Ni geria after the Structural Adjustment Programme of 1986 has affected the demand for money in Ni geria using the Engle and Granger Two-Step Cointegration technique. Though the study revealed that demand for money co nforms to the theory that income is positi vely related to the demand for cash balances and interest rate has an inverse rel ationship with the demand for real cash balances, it was also di scovered that the financial innovations introduced into the financial system hav e not significantly affected the demand for money in Nigeria. Based on the results obtained, a policy of attracting more patticipants (non-government) and private sector funds to the money market is necessary as this will deepen the market and make the market more dynamic and amenable to monetary policy. Therefore, the study concludes that financial innovation has had no significant impact on the demand for money in Ni geria and the SAP era financial liberalization policies have had no indirect impact on the demand for money as well.
African Journal of Marketing Management, Oct 31, 2011
... This work as an empirical economics assessment examined the role of Nigerian domestic macroec... more ... This work as an empirical economics assessment examined the role of Nigerian domestic macroeconomic policies ... recent crisis has shown once again that market discipline is ineffective in preventing recurrent episodes as ... The data are sourced from the Central Bank of Nigeria. ...
The need to critically analyze the efficiency of capital market on the Nigerian economy for the p... more The need to critically analyze the efficiency of capital market on the Nigerian economy for the period between 1979 and 2008 as a reference point for developing economies is the bedrock of this work. The results indicate that the stock market indeed contributes to economic growth as all variables conformed to expectation. The Nigerian Stock Exchange has not been having the best of times as an aftermath of the global financial crisis after an unprecedented surge in returns on investment which has resulted in a continuous downturn in market capitalization. Multiple regression method of econometric analysis was used for the work. The major findings revealed a negative relationship between the market capitalization and the Gross Domestic Product as well as a negative relationship between the turnover ratio and the Gross Domestic Product while a positive relationship was observed between the all-share index and the Gross Domestic Product. These findings led to some policy formulations aimed at an improved and developed market for potential gain to the benefit of rational investors even across national borders.
This study examined the determinants of share prices in the Nigerian stock exchange market. To ac... more This study examined the determinants of share prices in the Nigerian stock exchange market. To achieve the objective of this study, a total of 30 listed firms in the Nigerian stock exchange market were selected and analyzed for the study using the judgmental sampling technique. Also, the Nigerian stock exchange fact book and the corporate annual reports for the period 2006-2010 were used for the study. The paper basically modelled the effects of financial performance, dividend payout and financial leverage on the share price of listed firms operating in the Nigerian stock exchange market using the regression analysis method. The study as part of its findings observed that there is a significant positive relationship between firms' financial performance and the market value of share prices of the listed firms in Nigeria. Consequently, the paper concludes that firms' financial performance, dividend payouts and financial leverage are strong determinants of the market value of share prices in Nigeria.