Bank Privatization and Performance : Empirical Evidence from Nigeria

• Tác giả: Robert Cull
• Ngôn ngữ: eng
• Ký hiệu phân loại: 381.08 *Commerce (Trade) [formerly 380.1]
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 300562
• Chủ đề: 1. ACCOUNTING; 2. ACCOUNTING STANDARDS; 3. ARBITRAGE; 4. AT PAR; 5. AUCTIONS

Tóm tắt

The authors assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990-2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors' results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance.