Impact of Corruption on Bank Profitability in Nigeria
Posted: 9 May 2009
Date Written: May 8, 2009
This study sought to econometrically analyze the impact of corruption on bank profitability in Nigeria. Using a panel data set comprising 358 observations of 48 unique banks over the 1996-2006 time period, backward stepwise regression results reveal that corruption has a significant positive impact on bank profitability in Nigeria. The results lend credence to accusations that banks in Nigeria are thriving from corruption in the country.
Keywords: Banking, Profitability, Corruption, Nigeria
JEL Classification: C33, G21
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