GLOBALIZATION AND THE PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA
Journal Title: Journal of Globalization Studies - Year 2016, Vol 7, Issue 1
Abstract
The present study empirically investigates the effect of globalization on com-mercial banks performance in Nigeria in the period from 1980 to 2013 using Error Correction Mechanism (ECM). This has been motivated by the ob-served falling financial assistance to the economy by commercial banks even in the face of growing global participation. The result shows that a positive effect of globalization on improving performance of commercial banks in Ni-geria will only occur at the price of time. Stated specifically, a percentage increase in participation in globalization will improve Nigerian commercial banks' ability to extend credit to the private sector by 10 percentage points and above as time passes. The study recommends improvement in local con-tent policies in prioritized sectors of the economy to shorten the time-cost and reverse the trend.
Authors and Affiliations
Uduak Michael Ekong
Keywords
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