IDEAS home Printed from https://ideas.repec.org/a/bjc/journl/v10y2023i11p01-15.html
   My bibliography  Save this article

Exploring the Significance of Financial Stability and the Influence of Expert Financial Advisors on the Financial Well-Being of Nigerian Citizens

Author

Listed:
  • Apanisile Temitope Samuel

    (Department of Business Administration, Espam Formation University, Cotonou)

Abstract

The aim of this study is to comprehensively explore the significance of financial stability and assess the influence of expert financial advisors in fostering long-term financial well-being on Nigerian citizens. This study adopted a mixed-methods research design, integrating both qualitative and quantitative approaches. Semi-structured interviews was conducted with a diverse sample of individuals and expert financial advisors. Surveys were administered to a larger sample of individuals to gather quantitative data on their financial decision-making behaviors, perceived financial stability, and the role of expert financial advisors. Thematic analysis was employed to identify recurring themes and patterns within the interview data. Statistics and inferential analyses, such as correlation and regression analyses were used to analyze the survey data. The results of the study indicate that a considerable proportion of the participants’ opinions of financial stability are influenced by economic volatility and market concerns.

Suggested Citation

  • Apanisile Temitope Samuel, 2023. "Exploring the Significance of Financial Stability and the Influence of Expert Financial Advisors on the Financial Well-Being of Nigerian Citizens," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(11), pages 01-15, November.
    • Handle: RePEc:bjc:journl:v:10:y:2023:i:11:p:01-15
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrsi/digital-library/volume-10-issue-11/01-15.pdf
    Download Restriction: no
    File URL: https://rsisinternational.org/journals/ijrsi/articles/exploring-the-significance-of-financial-stability-and-the-influence-of-expert-financial-advisors-on-the-financial-well-being-of-nigerian-citizens/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ozili, Peterson K, 2023. "Financial stability and sustainable development," MPRA Paper 118793, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tuwe Soro Garbobiya & Olajide Oladipo & Paul Terhemba Iorember, 2024. "Financial inclusion and monetary policy targets: Evidence from the ECOWAS countries," Modern Finance, Modern Finance Institute, vol. 2(1), pages 84-100.
    2. Paul Terhemba Iorember & Nora Yusma Mohamed Yusoff, 2023. "Income–environmental nexus in Africa: The integrating role of renewable energy transition and governance quality," African Development Review, African Development Bank, vol. 35(4), pages 376-389, December.
    3. Hafize Nurgul Durmus Senyapar & Ahmet Aksoz, 2024. "Empowering Sustainability: A Consumer-Centric Analysis Based on Advanced Electricity Consumption Predictions," Sustainability, MDPI, vol. 16(7), pages 1-23, April.
    4. Elena G. Shershneva, 2024. "CAMELS parameters’ impact on the risk of losing financial stability: The case of Russian banks," Journal of New Economy, Ural State University of Economics, vol. 25(2), pages 130-152, July.
    5. Elena G. Shershneva, Min Zhou Hao, 2024. "Russian Banks Financial Stability Loss Diagnostic: Multidimensional Logit-Model Approach," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(2), pages 476-498.
    6. Ahmad S. Al Humssi & Vladimir Z. Chapliuk & Larisa N. Sorokina & Liliya G. Akhmetshina, 2024. "Modelling the Impact of Macroeconomic Factors on Country’s Financial Stability: Evidence from the Russian Federation," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 62-81.
    7. Ozili, Peterson K, 2023. "Using central bank digital currency to achieve the sustainable development goals," MPRA Paper 118806, University Library of Munich, Germany.
    8. Peterson K. Ozili, 2024. "Does banking sector support for achieving the sustainable development goals affect bank loan loss provisions? International evidence," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-39, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjc:journl:v:10:y:2023:i:11:p:01-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://rsisinternational.org/journals/ijrsi/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.