janet adelegan - Academia.edu (original) (raw)
Papers by janet adelegan
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IBADAN JOURNAL OF THE SOCIAL SCIENCES
This study investigates price reactions to initiations and omissions of dividends using daily sto... more This study investigates price reactions to initiations and omissions of dividends using daily stock prices between 1990 and 1999, There are 127 cases of initiations and 146 cases of omissions of dividends. The study used the modified market model to analyse the short-run and the long-run market reactions to the events. The result shows that cumulative excess returns for samples of dividend initiations and omissions are significant from the day of announcements and omissions of dividends respectively until 30 days after the announcement. It points to the fact that dividend policy matters and share prices do react to dividend initiations and omissions in Nigeria. Consistent with prior literature, the study found that the magnitude of short-run price reactions to omissions is greater than reactions to initiations.
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Corporate Governance, 1999
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Corporate Board: role, duties and composition, 2007
This study provides some evidence on shareholders wealth effects of management board changes in N... more This study provides some evidence on shareholders wealth effects of management board changes in Nigeria from 1997 to 2005. The study presents the total wealth effect and also distinguishes the wealth effects of announcements of new appointments, board resignations and retirements, death and mixed announcements.
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IMF Working Papers, Dec 1, 2008
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Abstract J. ADELEGAN - FOREIGN DIRECT INVESTMENT For years, it has been dinned into the governm... more Abstract
J. ADELEGAN - FOREIGN DIRECT INVESTMENT
For years, it has been dinned into the governments of developing countries that
financial liberalization is essential for prosperity. Instead of discouraging foreign
investors, they were advised to open up so as to have access to global savings that
could be invested in order to grow fast.
This study examined the impact of foreign direct investment (FDI) inflows on
economic growth in Nigeria from 1970 to 1995 using a seemingly unrelated model.
It was discovered that there is a negative FDI - growth linkage in Nigeria.
The flow is not channeled towards productive use, rather it is used to supplement consumption, substitute for saving and devoted to the importation of consumer goods
and services at the expense of investments and exports.
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Social Science Research Network, 2008
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The Journal of African Development, 2009
The study investigates how the incidence and severity of information and agency problems vary acr... more The study investigates how the incidence and severity of information and agency problems vary across firms and over time in Nigeria, and assesses the differential effects on corporate investment. A reduced form q-cash flow model and interaction approach was adopted to examine the effects of firm size, age and industry specific characteristics on cash flow. The model was estimated using panel data for Nigerian manufacturing firms from 1984-2000. Financial effects are generally important for investment in all firms. However, the extent and impact of financial effects are not uniformly distributed. The study concludes that the effect of size is neutral; however, older firms tend to rely more on internal funds to finance their corporate investment than the newer firms. The effect of financial factors on investment varies across firms according to their industrial characteristics
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For years, it has been dinned into the governments of developing countries that financial liberal... more For years, it has been dinned into the governments of developing countries that financial liberalization is essential for prosperity. Instead of discouraging foreign investors, they were advised to open up so as to have access to global savings that could be invested in order to grow fast. This study examined the impact of foreign direct investment (FDI) inflows on economic growth in Nigeria from 1970 to 1995 using a seemingly unrelated model. It was discovered that there is a negative FDI - growth linkage in Nigeria. The flow is not channeled towards productive use, rather it is used to supplement consumption, substitute for saving and devoted to the importation of consumer goods and services at the expense of investments and exports. Pendant des années on a seriné aux gouvernements des pays en voie de développement que la libéralisation financière est essentielle pour la prosperité. Au lieu de décourager les investisseurs étrangers, on les a conseillé d'ouvrir leurs économies...
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African Review of Money Finance and Banking, 2002
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African Development Review, 2003
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Journal of economics and international finance, Sep 30, 2011
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Journal of African Development, 2009
The study investigates how the incidence and severity of information and agency problems vary acr... more The study investigates how the incidence and severity of information and agency problems vary across firms and over time in Nigeria, and assesses the differential effects on corporate investment. A reduced form q-cash flow model and interaction approach was adopted to examine the effects of firm size, age and industry specific characteristics on cash flow. The model was estimated using panel data for Nigerian manufacturing firms from 1984-2000. Financial effects are generally important for investment in all firms. However, the extent and impact of financial effects are not uniformly distributed. The study concludes that the effect of size is neutral; however, older firms tend to rely more on internal funds to finance their corporate investment than the newer firms. The effect of financial factors on investment varies across firms according to their industrial characteristics.
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Journal of Agricultural Studies, 2014
The increased involvement of food relief agencies nearly on an annual basis is a clear indication... more The increased involvement of food relief agencies nearly on an annual basis is a clear indication that agricultural production continues to decline as a result of climate change. In order to mitigate the negative effect of climate change, households engage on adaptation strategies. The extent to which these impacts are felt depends mostly on the level of adaptation in response to climate change. The main objectives of the study were to identify the adaptation strategies employed by households and to analyse factors influencing the choice of adaptation strategies by households using personal interviews. The study used data from a random sample of 350 households. Descriptive statistics and multinomial logistic regression model were used to analyse the data. The results showed that adaptation strategies employed were; drought tolerant varieties, switching crops, irrigation, crop rotation, mulching, minimum tillage, early planting, late planting and intercropping. The results showed tha...
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Ibadan Journal of the Social Sciences, 2009
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International Journal of Disaster Risk Reduction, 2020
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IMF Working Papers, 2008
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IBADAN JOURNAL OF THE SOCIAL SCIENCES
This study investigates price reactions to initiations and omissions of dividends using daily sto... more This study investigates price reactions to initiations and omissions of dividends using daily stock prices between 1990 and 1999, There are 127 cases of initiations and 146 cases of omissions of dividends. The study used the modified market model to analyse the short-run and the long-run market reactions to the events. The result shows that cumulative excess returns for samples of dividend initiations and omissions are significant from the day of announcements and omissions of dividends respectively until 30 days after the announcement. It points to the fact that dividend policy matters and share prices do react to dividend initiations and omissions in Nigeria. Consistent with prior literature, the study found that the magnitude of short-run price reactions to omissions is greater than reactions to initiations.
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
Corporate Governance, 1999
Bookmarks Related papers MentionsView impact
Corporate Board: role, duties and composition, 2007
This study provides some evidence on shareholders wealth effects of management board changes in N... more This study provides some evidence on shareholders wealth effects of management board changes in Nigeria from 1997 to 2005. The study presents the total wealth effect and also distinguishes the wealth effects of announcements of new appointments, board resignations and retirements, death and mixed announcements.
Bookmarks Related papers MentionsView impact
IMF Working Papers, Dec 1, 2008
Bookmarks Related papers MentionsView impact
Abstract J. ADELEGAN - FOREIGN DIRECT INVESTMENT For years, it has been dinned into the governm... more Abstract
J. ADELEGAN - FOREIGN DIRECT INVESTMENT
For years, it has been dinned into the governments of developing countries that
financial liberalization is essential for prosperity. Instead of discouraging foreign
investors, they were advised to open up so as to have access to global savings that
could be invested in order to grow fast.
This study examined the impact of foreign direct investment (FDI) inflows on
economic growth in Nigeria from 1970 to 1995 using a seemingly unrelated model.
It was discovered that there is a negative FDI - growth linkage in Nigeria.
The flow is not channeled towards productive use, rather it is used to supplement consumption, substitute for saving and devoted to the importation of consumer goods
and services at the expense of investments and exports.
Bookmarks Related papers MentionsView impact
Social Science Research Network, 2008
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
Bookmarks Related papers MentionsView impact
The Journal of African Development, 2009
The study investigates how the incidence and severity of information and agency problems vary acr... more The study investigates how the incidence and severity of information and agency problems vary across firms and over time in Nigeria, and assesses the differential effects on corporate investment. A reduced form q-cash flow model and interaction approach was adopted to examine the effects of firm size, age and industry specific characteristics on cash flow. The model was estimated using panel data for Nigerian manufacturing firms from 1984-2000. Financial effects are generally important for investment in all firms. However, the extent and impact of financial effects are not uniformly distributed. The study concludes that the effect of size is neutral; however, older firms tend to rely more on internal funds to finance their corporate investment than the newer firms. The effect of financial factors on investment varies across firms according to their industrial characteristics
Bookmarks Related papers MentionsView impact
For years, it has been dinned into the governments of developing countries that financial liberal... more For years, it has been dinned into the governments of developing countries that financial liberalization is essential for prosperity. Instead of discouraging foreign investors, they were advised to open up so as to have access to global savings that could be invested in order to grow fast. This study examined the impact of foreign direct investment (FDI) inflows on economic growth in Nigeria from 1970 to 1995 using a seemingly unrelated model. It was discovered that there is a negative FDI - growth linkage in Nigeria. The flow is not channeled towards productive use, rather it is used to supplement consumption, substitute for saving and devoted to the importation of consumer goods and services at the expense of investments and exports. Pendant des années on a seriné aux gouvernements des pays en voie de développement que la libéralisation financière est essentielle pour la prosperité. Au lieu de décourager les investisseurs étrangers, on les a conseillé d'ouvrir leurs économies...
Bookmarks Related papers MentionsView impact
African Review of Money Finance and Banking, 2002
Bookmarks Related papers MentionsView impact
African Development Review, 2003
Bookmarks Related papers MentionsView impact
Journal of economics and international finance, Sep 30, 2011
Bookmarks Related papers MentionsView impact
Journal of African Development, 2009
The study investigates how the incidence and severity of information and agency problems vary acr... more The study investigates how the incidence and severity of information and agency problems vary across firms and over time in Nigeria, and assesses the differential effects on corporate investment. A reduced form q-cash flow model and interaction approach was adopted to examine the effects of firm size, age and industry specific characteristics on cash flow. The model was estimated using panel data for Nigerian manufacturing firms from 1984-2000. Financial effects are generally important for investment in all firms. However, the extent and impact of financial effects are not uniformly distributed. The study concludes that the effect of size is neutral; however, older firms tend to rely more on internal funds to finance their corporate investment than the newer firms. The effect of financial factors on investment varies across firms according to their industrial characteristics.
Bookmarks Related papers MentionsView impact
Journal of Agricultural Studies, 2014
The increased involvement of food relief agencies nearly on an annual basis is a clear indication... more The increased involvement of food relief agencies nearly on an annual basis is a clear indication that agricultural production continues to decline as a result of climate change. In order to mitigate the negative effect of climate change, households engage on adaptation strategies. The extent to which these impacts are felt depends mostly on the level of adaptation in response to climate change. The main objectives of the study were to identify the adaptation strategies employed by households and to analyse factors influencing the choice of adaptation strategies by households using personal interviews. The study used data from a random sample of 350 households. Descriptive statistics and multinomial logistic regression model were used to analyse the data. The results showed that adaptation strategies employed were; drought tolerant varieties, switching crops, irrigation, crop rotation, mulching, minimum tillage, early planting, late planting and intercropping. The results showed tha...
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Ibadan Journal of the Social Sciences, 2009
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International Journal of Disaster Risk Reduction, 2020
Bookmarks Related papers MentionsView impact
IMF Working Papers, 2008
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