Bank Privatization and Performance : Empirical Evidence from Nigeria

The authors assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990-2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors' results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance.

Bibliographic Details

Main Authors:	Cull, Robert, Beck, Thorsten, Jerome, Afeikhena
Language:	English
Published:	World Bank, Washington, DC 2005-02
Subjects:	ACCOUNTING, ACCOUNTING STANDARDS, ARBITRAGE, AT PAR, AUCTIONS, BANK EXAMINATIONS, BANK FAILURES, BANK LICENSING, BANK PERFORMANCE, BANK PRIVATIZATION, BANK RUN, BANKING CRISIS, BANKING INDUSTRY, BANKING LEGISLATION, BANKING SECTOR, BANKING SECTOR DEVELOPMENT, BANKING SYSTEM, BANKS, BONDS, CENTRAL BANK, COMMERCIAL BANKS, COMMERCIALIZATION, CORPORATE GOVERNANCE, COST SAVINGS, DATA ENVELOPMENT ANALYSIS, DEMAND DEPOSITS, DEPOSITS, DEREGULATION, DISCLOSURE, DISINTERMEDIATION, ECONOMICS, EMPIRICAL ANALYSIS, EMPLOYMENT, ETHNIC GROUPS, FINANCIAL ANALYSIS, FINANCIAL DISINTERMEDIATION, FINANCIAL ECONOMICS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIATION, FINANCIAL LIBERALIZATION, FINANCIAL SECTOR, FINANCIAL SYSTEM, FIXED ASSETS, FOREIGN BANKS, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKETS, FOREIGN INVESTORS, FOREIGN OWNERSHIP, FRAUD, GOVERNMENT BONDS, GUIDELINES, INCOME, INFLATION, INSTITUTIONAL ENVIRONMENT, INTEREST RATE, INTEREST RATES, LOAN PORTFOLIO QUALITY, MACROECONOMIC CONDITIONS, MARKET PARTICIPANTS, MERCHANT BANKS, MONEY MARKET, NATIONALIZATION, NEW ENTRANTS, NONPERFORMING LOANS, OVERHEAD COSTS, OWNERSHIP STRUCTURE, PORTFOLIO, PRIVATE BANKS, PRIVATE COMMERCIAL BANKS, PRIVATELY OWNED BANKS, PRODUCTIVITY, PROFITABILITY, QUANTITATIVE ANALYSIS, REAL SECTOR, RECESSION, RETAIL BANKING, RETURN ON ASSETS, RETURN ON EQUITY, ROA, ROE, SAVINGS, SENSITIVITY ANALYSIS, SHAREHOLDERS, SHAREHOLDING, SHAREHOLDINGS, SPECULATION, SPECULATORS, STATE BANKS, STATE OWNERSHIP, STOCK EXCHANGE, STOCK MARKETS, STRATEGIC INVESTORS, STRUCTURAL ADJUSTMENT,
Online Access:	http://documents.worldbank.org/curated/en/2005/02/5634119/bank-privatization-performance-emprical-evidence-nigeria https://hdl.handle.net/10986/8915
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