IDEAS home Printed from https://ideas.repec.org/a/dug/jaccma/y2024i1p51-59.html
   My bibliography  Save this article

The Impact of Financial Globalization on Financial Development in Nigeria (1981 – 2021)

Author

Listed:
  • Dorothy Ivie Okoduwa

    (Veritas University)

Abstract

Financial globalization has been predicted to facilitates capital inflows and enhance the internationalization of financial services. Despite various financial liberalization policies, the performance of the Nigerian financial sector has been unimpressive. This study analyzed the impact of financial globalization on financial development in Nigeria. The study covered the period 1981 to 2021 and employed the Autoregressive Distributed lag (ARDL) technique. The result from the study showed that financial globalization significantly enhanced financial development (proxied by banking sector development and enhanced stock market development). Thus, the study concluded that financial globalization is a significant driver of both banking sector development and stock market development. The study recommended the need for more active financial globalization reforms that can enhance the growth of the banking sector and the stock market.

Suggested Citation

  • Dorothy Ivie Okoduwa, 2024. "The Impact of Financial Globalization on Financial Development in Nigeria (1981 – 2021)," The Journal of Accounting and Management, Danubius University of Galati, issue 1(14), pages 51-59, April.
    • Handle: RePEc:dug:jaccma:y:2024:i:1:p:51-59
    as

    Download full text from publisher

    File URL: https://dj.univ-danubius.ro/index.php/JAM/article/view/2456/2814
    Download Restriction: no
    ---><---

    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:dug:jaccma:y:2024:i:1:p:51-59. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Florian Nuta (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    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.