yusuf soyebo - Academia.edu (original) (raw)

Papers by yusuf soyebo

Modern Management Review, Jun 28, 2023

The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting ec... more The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981-2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and shortterm dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria.

Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, Sep 1, 2021

Deposit money banks occupy vital position in every economic activity of a nation. This makes the ... more Deposit money banks occupy vital position in every economic activity of a nation. This makes the banks to be proned to different aspects of business risk especially financial risk which could negatively affect the financial performance indicators of international authorized Nigerian Deposit Money Banks (DMBs). Hence, this study examined the influence of financial risk management on financial performance of international authorisation listed Nigerian DMB. The study employed expost facto research design and panel regression method of analysis covering the period of 2012-2019. The study concluded that financial risk management components affect financial performance measures-return on assets, return on equity as well as Tobin's Q of the international authorisation banks. It is therefore recommends that for Nigeria international authorisation quoted DMB to achieve enhanced and sustained financial performance indicators, bank customer should be well scrutinize, improvement in capital base and loans loss provision should be well maintained.

Modern Management Review

The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting ec... more The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981–2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and short-term dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria

Jinnah Business Review, 2022

The study surveyed the influence of sound corporate governance on banks’ liquidity creation in Ni... more The study surveyed the influence of sound corporate governance on banks’ liquidity creation in Nigeria using secondary data gleaned from annual reports and accounts of Five (5) quoted Deposit Money Banks (DMBs) in Nigeria between 2013 and 2019. The obtained data were subjected to several preliminary and inferential statistical analyses, the result of the descriptive statistics and PVEC Model revealed that all the specified indicators of Corporate Governance, for example, Board Size, Board Independence, and Audit Committee exact a positive influence on Banks Liquidity creation, while only Board Independence and Audit Committee have a significant influence on Liquidity creation of the selected banks. Thus, the study suggested that bank managers and policymakers must ensure that DMBs continuously design and implement effective corporate governance mechanisms to enhance their liquidity.

J. for International Business and Entrepreneurship Development, 2018

This study examines the perceived association between financial risk management and beliefs of sm... more This study examines the perceived association between financial risk management and beliefs of small business owners about the financial performance of their new small business ventures in the service and manufacturing industries of India. The survey shows that the perceived valuation of financial risk management positively affects the beliefs of small business owners about the financial performance of their new small business ventures in both the service and manufacturing industries of India. Results show that financial performance is significantly higher among new small business ventures with adequate internal financing sources relative to new small business ventures without adequate internal financing sources. This study contributes to the literature on the relationship between financial risk management and financial performance of new small business ventures. The findings may be useful for financial managers, production and service firm owners, investors, consultants, and other stakeholders.

The study investigates the relationship between capital structure and profitability of conglomera... more The study investigates the relationship between capital structure and profitability of conglomerate, consumer goods, and financial services firms quoted in Nigeria Stock Exchange. In this paper, the sample data collected from the ten randomly selected firms among the three industries were from 2000 to 2011. This comprises a sample size of 120 used for the study. The study used Return on Asset (ROA) and Return on Equity (ROE) as performance proxies. In addition, debt equity ratio (DER) and debt asset ratio (DAR) were used as capital structure proxies. The relationship between the performance and capital structure proxies were analysed using correlation coefficient and regression techniques. According to the results, the relationship between capital structure (both DER and DAR) and return on asset (ROA) is not significant across all firms except for 7up and Nestle. It also shows an insignificant relationship between return on equity (ROE) and DAR. However, there is a significant relationship in almost all firms between return on equity and debt to equity. This justifies that a highly geared firm tends to have high profitability. Moreover, the nature of the industry also determines the effect of capital structure on their profitability. In the financial firms, there is a negative significant relationship between return on equity and debt to assets ratio. In the conglomerate firms, there is also a negative relationship between return on assets (ROA) and debt to equity ratio however not significant. This explains that highly geared firms have significant relationship with return on equity while insignificant with return on assets. The study recommends that firms that want to maximise shareholders wealth should increase their leverage while firms that ensure stakeholders performance should increase their assets. Conclusively, a mix of the firms' leverage and assets at an appropriate ratio will be considered a good capital structure for the firms.

California Business Review, 2014

American Journal of Business and Management, Feb 9, 2012

In modern banking operations, reports on banks’ failure, classified loans and the size of assets,... more In modern banking operations, reports on banks’ failure, classified loans and the size of assets, as well as erratic share-price movements, have stirred the interest of various stakeholders in Nigerian banking industry. This study investigates the long-run relationship between Nigerian banks’ specific factor and market share prices using the Pedroni cointegration approach – based on data from 11 out of 15 quoted banks between 2003 and 2015. The specified variables cointegrated for panel analysis and the observed long-run relationship were estimated using Dynamic Ordinary Least Square (DOLS). The result shows a negative relationship between return on assets and market price of shares. Thus, it is recommended that banks should initiate a bad debt reduction policy and diversify their loan portfolios to less risky sectors. Similarly, an optimum asset holding policy should be formulated by banks’ managers for easy classification of assets as either performing or relinquished ones. In add...

This study tests the semi-strong form of market efficiency theory. It employs event study methodo... more This study tests the semi-strong form of market efficiency theory. It employs event study methodology in which a sample of 20 randomly selected stocks listed on the Nigerian Stock Exchange on which dividend announcements were made from January 2010 to November 2011. Abnormal returns from the market model are evaluated by using the t-test. Findings from the study based on the average abnormal return shows that the market is semi strong efficient. However, the cumulative average abnormal return debunks the position arrived at the average abnormal return.

The rapid forces of globalization, change and competition have compelled firms to formulate marke... more The rapid forces of globalization, change and competition have compelled firms to formulate marketing strategy and mix that operate beyond the present market challenges by satisfying current customer and entice a sizeable proportion of the target market in the long run through a continuous modification of its various tools. Using the Pearson correlation coefficient and a primary data obtained through a structured questionnaire administered to 100 selected staff of Globacom Telecommunication Nigeria. Ltd., this study assessed the effectiveness of promotion as a marketing management tool in the Nigerian telecommunication industry. This study revealed that promotion has a significant effect on marketing management with a correlation value of 0.869 which implies that promotion is a good marketing tool for survival, sustenance and expansion of business in the Nigerian Telecommunication Industry which requires regular reviews in order to meets customer's needs and satisfaction and mus...

Journal of Policy and Development Studies

Annals of Dunarea de Jos University of Galati. Fascicle I. Economics and Applied Informatics, Apr 30, 2019

Considerable attention in finance literature had focused on the effect of financial intermediatio... more Considerable attention in finance literature had focused on the effect of financial intermediation on the economy and its determinants in different financial arrangements. This study examined the influence of financial intermediation on stock prices of Deposit Money Banks (DMBs) in Nigeria using data collected from all the quoted DMBs in the Nigeria between 2009 and 2016. The Panel Fully Modified Ordinary Least Square (FMOLS) regression techniques were adopted and the result shows that changes in variables such as deposits, loans, capital and management will result into an increase in the stock prices in the long run while a similar change in leverage, will result into a decrease in the stock prices. The study concluded that financial intermediation enhances the stock prices of DMBs in Nigeria. Therefore, it is recommended that investors should consider deposits, loans and capital base in their stock selection and portfolio construction involving DMBs' stocks in Nigeria.

Modern Management Review, Jun 28, 2023

The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting ec... more The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981-2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and shortterm dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria.

Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, Sep 1, 2021

Deposit money banks occupy vital position in every economic activity of a nation. This makes the ... more Deposit money banks occupy vital position in every economic activity of a nation. This makes the banks to be proned to different aspects of business risk especially financial risk which could negatively affect the financial performance indicators of international authorized Nigerian Deposit Money Banks (DMBs). Hence, this study examined the influence of financial risk management on financial performance of international authorisation listed Nigerian DMB. The study employed expost facto research design and panel regression method of analysis covering the period of 2012-2019. The study concluded that financial risk management components affect financial performance measures-return on assets, return on equity as well as Tobin's Q of the international authorisation banks. It is therefore recommends that for Nigeria international authorisation quoted DMB to achieve enhanced and sustained financial performance indicators, bank customer should be well scrutinize, improvement in capital base and loans loss provision should be well maintained.

Modern Management Review

The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting ec... more The Small and Medium Enterprises (SMEs) have been known to play significant roles in promoting economic growth, employment generation and foreign exchange earnings among others, of both developed and developing economies. Monetary policy, on the other hand, actions and strategies employed by a central bank or monetary authority to control and regulate the money supply, interest rates, and credit conditions in an economy. This study therefore, examines how monetary policy affects the performance of SMEs in Nigeria based on the data covering the period from 1981–2020 using the Autoregressive Distributed Lag Model (ARDL). ARDL captures both long-run equilibrium relationships and short-term dynamics, allowing researchers to examine the interplay between variables over time. The study found that monetary policy has not been a potent tool for promoting the performance SMEs in Nigeria

Jinnah Business Review, 2022

The study surveyed the influence of sound corporate governance on banks’ liquidity creation in Ni... more The study surveyed the influence of sound corporate governance on banks’ liquidity creation in Nigeria using secondary data gleaned from annual reports and accounts of Five (5) quoted Deposit Money Banks (DMBs) in Nigeria between 2013 and 2019. The obtained data were subjected to several preliminary and inferential statistical analyses, the result of the descriptive statistics and PVEC Model revealed that all the specified indicators of Corporate Governance, for example, Board Size, Board Independence, and Audit Committee exact a positive influence on Banks Liquidity creation, while only Board Independence and Audit Committee have a significant influence on Liquidity creation of the selected banks. Thus, the study suggested that bank managers and policymakers must ensure that DMBs continuously design and implement effective corporate governance mechanisms to enhance their liquidity.

J. for International Business and Entrepreneurship Development, 2018

This study examines the perceived association between financial risk management and beliefs of sm... more This study examines the perceived association between financial risk management and beliefs of small business owners about the financial performance of their new small business ventures in the service and manufacturing industries of India. The survey shows that the perceived valuation of financial risk management positively affects the beliefs of small business owners about the financial performance of their new small business ventures in both the service and manufacturing industries of India. Results show that financial performance is significantly higher among new small business ventures with adequate internal financing sources relative to new small business ventures without adequate internal financing sources. This study contributes to the literature on the relationship between financial risk management and financial performance of new small business ventures. The findings may be useful for financial managers, production and service firm owners, investors, consultants, and other stakeholders.

The study investigates the relationship between capital structure and profitability of conglomera... more The study investigates the relationship between capital structure and profitability of conglomerate, consumer goods, and financial services firms quoted in Nigeria Stock Exchange. In this paper, the sample data collected from the ten randomly selected firms among the three industries were from 2000 to 2011. This comprises a sample size of 120 used for the study. The study used Return on Asset (ROA) and Return on Equity (ROE) as performance proxies. In addition, debt equity ratio (DER) and debt asset ratio (DAR) were used as capital structure proxies. The relationship between the performance and capital structure proxies were analysed using correlation coefficient and regression techniques. According to the results, the relationship between capital structure (both DER and DAR) and return on asset (ROA) is not significant across all firms except for 7up and Nestle. It also shows an insignificant relationship between return on equity (ROE) and DAR. However, there is a significant relationship in almost all firms between return on equity and debt to equity. This justifies that a highly geared firm tends to have high profitability. Moreover, the nature of the industry also determines the effect of capital structure on their profitability. In the financial firms, there is a negative significant relationship between return on equity and debt to assets ratio. In the conglomerate firms, there is also a negative relationship between return on assets (ROA) and debt to equity ratio however not significant. This explains that highly geared firms have significant relationship with return on equity while insignificant with return on assets. The study recommends that firms that want to maximise shareholders wealth should increase their leverage while firms that ensure stakeholders performance should increase their assets. Conclusively, a mix of the firms' leverage and assets at an appropriate ratio will be considered a good capital structure for the firms.

California Business Review, 2014

American Journal of Business and Management, Feb 9, 2012

In modern banking operations, reports on banks’ failure, classified loans and the size of assets,... more In modern banking operations, reports on banks’ failure, classified loans and the size of assets, as well as erratic share-price movements, have stirred the interest of various stakeholders in Nigerian banking industry. This study investigates the long-run relationship between Nigerian banks’ specific factor and market share prices using the Pedroni cointegration approach – based on data from 11 out of 15 quoted banks between 2003 and 2015. The specified variables cointegrated for panel analysis and the observed long-run relationship were estimated using Dynamic Ordinary Least Square (DOLS). The result shows a negative relationship between return on assets and market price of shares. Thus, it is recommended that banks should initiate a bad debt reduction policy and diversify their loan portfolios to less risky sectors. Similarly, an optimum asset holding policy should be formulated by banks’ managers for easy classification of assets as either performing or relinquished ones. In add...

This study tests the semi-strong form of market efficiency theory. It employs event study methodo... more This study tests the semi-strong form of market efficiency theory. It employs event study methodology in which a sample of 20 randomly selected stocks listed on the Nigerian Stock Exchange on which dividend announcements were made from January 2010 to November 2011. Abnormal returns from the market model are evaluated by using the t-test. Findings from the study based on the average abnormal return shows that the market is semi strong efficient. However, the cumulative average abnormal return debunks the position arrived at the average abnormal return.

The rapid forces of globalization, change and competition have compelled firms to formulate marke... more The rapid forces of globalization, change and competition have compelled firms to formulate marketing strategy and mix that operate beyond the present market challenges by satisfying current customer and entice a sizeable proportion of the target market in the long run through a continuous modification of its various tools. Using the Pearson correlation coefficient and a primary data obtained through a structured questionnaire administered to 100 selected staff of Globacom Telecommunication Nigeria. Ltd., this study assessed the effectiveness of promotion as a marketing management tool in the Nigerian telecommunication industry. This study revealed that promotion has a significant effect on marketing management with a correlation value of 0.869 which implies that promotion is a good marketing tool for survival, sustenance and expansion of business in the Nigerian Telecommunication Industry which requires regular reviews in order to meets customer's needs and satisfaction and mus...

Journal of Policy and Development Studies

Annals of Dunarea de Jos University of Galati. Fascicle I. Economics and Applied Informatics, Apr 30, 2019

Considerable attention in finance literature had focused on the effect of financial intermediatio... more Considerable attention in finance literature had focused on the effect of financial intermediation on the economy and its determinants in different financial arrangements. This study examined the influence of financial intermediation on stock prices of Deposit Money Banks (DMBs) in Nigeria using data collected from all the quoted DMBs in the Nigeria between 2009 and 2016. The Panel Fully Modified Ordinary Least Square (FMOLS) regression techniques were adopted and the result shows that changes in variables such as deposits, loans, capital and management will result into an increase in the stock prices in the long run while a similar change in leverage, will result into a decrease in the stock prices. The study concluded that financial intermediation enhances the stock prices of DMBs in Nigeria. Therefore, it is recommended that investors should consider deposits, loans and capital base in their stock selection and portfolio construction involving DMBs' stocks in Nigeria.