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Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria

Akhanolu, 1lsibor, Areghan and Ikpefan, Ochei Ailemen and Chibuzor, 0kafor, Tochukwu and Stephen, Ojeka (2016) Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria. International Business Management, 10 (5). pp. 646-651. ISSN 1993-5250

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Abstract

Finance is a major key element in fostering growth and development of a company and financial managers look mainly to the money and capital market for various term funds. The Nigerian money market has lagged behind in performing its intermediation role in providing such needed funds to the companies thus, limiting their operations. Against this backgrund, this study examines the impact of the Nigerian money market instruments on the liquidity often selected quoted banks from 2005-2014. Secondary data were used and the multiple regression econometric technique was used to analyze the data. The study found that firms' working capital and profitability have a significant impact on the money market instrument. Since, the money market is very vital for financial managers to raise short-term funds, amongst others the study recommends that to improve the money market there should be adequate monitoring and surveillance of the activities of the market participants and also the introduction of new and flexible financial instruments.

Item Type: Article
Uncontrolled Keywords: Money market, working capital, money market instnnnents, technique, data
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 20 Sep 2016 15:32
Last Modified: 20 Sep 2016 15:32
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/7224

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