Patrick Olufemi Adeyeye
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3 publications
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Management of government properties in Mpumalanga province, South Africa: a service quality perspective
Nancy Z. Ngobeni , Ian Nzimakwe , Patrick Olufemi Adeyeye , Elias Munapo -
Determinants of small and medium scale enterprises financing by the banking sector in Nigeria: a macroeconomic perspective
Patrick Olufemi Adeyeye , Bolanle Aminah Azeez , Olufemi Adewale Aluko doi: http://dx.doi.org/10.21511/imfi.13(1-1).2016.04Investment Management and Financial Innovations Volume 13, 2016 Issue #1 (cont.) pp. 170-175
Views: 1233 Downloads: 676 TO CITEThis study assesses from a macroeconomic perspective the determinants of small and medium scale enterprises (SMEs) financing by the banking sector in Nigeria between 1992 and 2014. The empirical model specifies commercial banks’ lending to SMEs as a function of selected macroeconomic indicators which include commercial banks’ total deposits, financial deepening, interest rate spread, lending rate, monetary policy rate, commercial banks’ total assets and inflation rate. The 2SLS estimation results show that only commercial banks’ deposit mobilization, depth of the financial sector and size of the banking sector act as determinants of SMEs financing by commercial banks
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How financial liberalization impacts stock market volatility in Africa: evidence from Nigeria
Patrick Olufemi Adeyeye , Olufemi Adewale Aluko , Oladapo Fapetu , Stephen Oseko Migiro doi: http://dx.doi.org/10.21511/imfi.14(3-1).2017.13Investment Management and Financial Innovations Volume 14, 2017 Issue #3 pp. 291-301
Views: 1015 Downloads: 231 TO CITE АНОТАЦІЯUnderstanding the impact of financial liberalization on stock market is important for decision making by investors. The neo-classical economists believe that financial liberalization reduces stock market volatility while the post-Keynesian economists argue that financial liberalization increases volatility of the stock market. This study investigates the effect of financial liberalization on the volatility of an emerging stock market in Africa, with particular focus on the Nigerian stock market. The estimation results reveal that financial liberalization has a significant positive impact on return volatility, thus indicating that it increases stock market volatility. Also, the study finds no evidence of asymmetry in the stock market.
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