The Impacts of Financing Public Utility with Bonds in a Developing Economy (A Co-Integration Approach)

Harley Tega Williams; Joseph M. Okonkwo; Olaleye Ronke Abolore

The Impacts of Financing Public Utility with Bonds in a Developing Economy (A Co-Integration Approach)

Harley Tega Williams * §

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Joseph M. Okonkwo

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Olaleye Ronke Abolore

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§ Lagos Metropolitan Business School

The Impacts of Financing Public Utility with Bonds in a Developing Economy (A Co-Integration Approach)

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Abstract

This study investigate Bond has a debt instruments’ use to finance capital project by different levels of governments. Public utility such as roads, sea and air ports etc in any economy can be attributed or measured to an extent of the amount of money invested on bonds or the amount of Bond issued to finance public utility. However, Empirical evidences attest to the fact that bond is designed to finance capital projects in advance country but in the case a developing economy the reverse is the case hence making it difficult for business organizations to tap unto this financing window. This research work try to capture the effect of bonds on public utility using infrastructural development as a dependent variable in Nigeria with data from 1980 to 2011.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Harley Tega Williams, Joseph M. Okonkwo, Olaleye Ronke Abolore. 2014. "The Impacts of Financing Public Utility with Bonds in a Developing Economy (A Co-Integration Approach)". Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 14 (GJMBR Volume 14 Issue C1).

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GJMBR Volume 14 Issue C1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

bonds developing economy finance public utility

Classification

GJMBR-C Classification JEL Code: E44

F30

Submission ReceivedDecember 6, 2013
Peer Review Double Blind
Handling Editor
Accepted January 1, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

March 22, 2014

Language

English

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Article Matrices

Total Score: 150

Country: Nigeria

Subject: Global Journal of Management and Business Research

Authors: Harley Tega Williams, Joseph M. Okonkwo, Olaleye Ronke Abolore (PhD/Dr. count: 0)

View Count (all-time): 188

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Publish Date: 2014 01, Wed

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Total Views: 2K

Total Downloads: 103

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