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DETERMINANTS OF CORPORATE PROFITABILITY IN QUOTED MONEY BANKS IN NIGERIA
GRJBMVol 5, Issue 2Volume 5

DETERMINANTS OF CORPORATE PROFITABILITY IN QUOTED MONEY BANKS IN NIGERIA

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DETERMINANTS OF CORPORATE PROFITABILITY IN QUOTED MONEY BANKS IN NIGERIA GRJBM AMSSRN.docxDownload

Authors

  1. Dr COMFORT ISERAMEIYA

Department of Accounting, faculty of management sciences, Ambrose Alli university Ekpoma

2. Dr EVBOTA CEPHAS IMUENTINYAN

Department of Accounting, faculty of management and social sciences, Lighthouse university, Benin city

ABSTRACT

This study examines the determinants of corporate profitability in  quoted money banks in Nigeria. The specific objectives are to: Examine the relationship between inflation and corporate profitability, investigate the relationship between interest rate and corporate profitability, evaluate the effect of GDP growth on deposit money banks’ profitability, ascertain the impact of capital adequacy and corporate profitability and to examine the relationship between banks size and corporate profitability.

The data for this research work are basically secondary in nature. Data is extracted from the annual reports of the concerned companies and the Central Bank of Nigeria statistical bulletin 

Finding of this work showed that the relationship between interest rate and profitability is positive but not statistically significant, the analysis shows that gross domestic product is positively related to firm profitability in accordance with theoretical expectations, but not statistically significant to profitability, regarding capital adequacy, estimation results in this study revealed that capital adequacy has a positive and significant effect on profitability at 1% level of significance, and the study confirms a positive and significant relationship between firm size in Nigeria banking sector as a case study at 1% significance level respectively.

Keywords- Profitability, Capital adequacy,, money banks,  Gross domestic product.

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See also

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