Research
Capital Base and Operational Efficiency in Nigerian Deposit Money Banks (Evidence from a Two-Way Fixed Effect Approach)
This paper evaluated the influence of capital base of banks on the level of operational efficiency of banks in Nigeria for the period 2004- 2013, with a view to providing information on financial ratio analysis as a measure of banks’ operational efficiency and how adequate is the capital adequacy of banks’ policy to significantly spur the level of their operational efficiency. Secondary data extracted from annual report and accounts of the fifteen purposively selected quoted banks were employed. Data were analysed using measures of central tendency and twoway fixed effect regression technique. Findings from the analysis showed that debt to total equity (t = -3.17, p< 0.05), core capital ratio (t = 4.65, p< 0.05), bank risk (t = -3.89, p< 0.05) were significant in evaluating the influence of capital adequacy on operational efficiency of the Nigerian money deposit banks.
Determinants of Capital Structure in Nigerian Quoted Composite Insurance Companies
This study was carried out to examine the major determinant of capital structure of quoted composite insurance companies in Nigeria. A descriptive and explanatory research designed was adopted for this study and the secondary data extracted from the annual report of the purposeful composite insurance was analysed using panel data regression technique. The results revealed that tangibility, growth and Liquidity had a negative impact on the Leverage while Risk, Return on Asset and Size have a positive influenced on Leverage; it was discovered from this study that all the variables identified are statistically significant except Return on Asset and growth; the model was reliable and appropriate for determining capital structure of composite insurance companies; It can be concluded that fixed effect panel regression model was better than the random effect model in determining the capital structure of composite insurance in Nigeria.
