Impact of Political Affiliation on Bank Profitability in Nigeria

African Journal of Accounting, Economics, Finance and Banking Research, Vol. 4, No. 4, July 2009

15 Pages Posted: 14 Jan 2010

Multiple version iconThere are 2 versions of this paper

Date Written: July 16, 2009

Abstract

To improve the understanding of bank profitability in Nigeria, this study sought to econometrically analyze the relationship between political affiliation and bank profitability. Using a panel data set comprising 115 observations of 14 unique banks over the last democratic dispensation (1999-2007), regression results reveal that political affiliation has a positive albeit insignificant impact on bank profitability in Nigeria. Therefore, in order to maximize profitability, managements and shareholders of banks in Nigeria may wish to consider the political affiliation strategy.

Keywords: Banking, Profitability, Political Affiliation, Nigeria

JEL Classification: C33, G21

Suggested Citation

Aburime, Toni, Impact of Political Affiliation on Bank Profitability in Nigeria (July 16, 2009). African Journal of Accounting, Economics, Finance and Banking Research, Vol. 4, No. 4, July 2009 , Available at SSRN: https://ssrn.com/abstract=1534208

Toni Aburime (Contact Author)

Deakin University ( email )

221 Burwood Highway
Burwood, Victoria 3125
Australia
+61 4 20635563 (Phone)

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