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

Ikpefan, Ochei Ailemen and Okafor, Tochukwu Chibuzor and sibor, Areghan and Ojeka, Stephen (2016) Impact of Money Market on the Liquidity of Some Selected Quoted Banks in Nigeria. International Business Management, 10 (5). pp. 646-651. ISSN 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 frmds. The Nigerian money market has lagged behind in performing its intermediation role in providing such needed frmds to the companies thus, limiting their operations. Against this backgrmmd, this study examines the impact of the Nigerian money market instrwnents 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 fmmd 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 smveillance 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 > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 22 Sep 2016 15:44
Last Modified: 18 Jul 2017 12:08
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/7251

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