CHAPTER FIVE
5.5 Suggestions for Further Study
The results and the analysis have revealed some additional questions which need to be answered in future studies. More banks selected factors than the ones included in the research should have an impact on deposits mobilization. It would therefore be interesting to conduct a similar study with different microfinance banks. The dependent variable in the study was the return on assets. However, a suggestion for future studies
lxv
1. To replace the return on assets and instead use the return on equity, return on cash flow and net interest income as the dependent variable. Most previous studies have also used the return on assets and it would therefore be interesting to see the impact of a number of selected microfinance banks. A time period of ten years has been used in the study and for future research.
2. I recommend to use a longer time period. It would be interesting to see whether the results from this study are applicable if a study is conducted over a longer period of time or during another time period. Finally determinants of deposit mobilization on microfinance banks should also be investigated in Nigeria.
lxvi
REFERENCES
Ali, N. (2008). The money supply process and interest rate determination. London.
Bello, Y.A. (2005). Banking sector reforms and bank consolidation in Nigeria, Bullion CBN Publication, 29(2), 48.
Bhatt, V. (1977). On a Development Banks Selection Criteria for Industrial
Projects. Economic Development and Cultural Change, 25(36), 1495 – 1497.
Cantoni, E. (2004). Financial statement analysis and insolvency forecasting model: a proposal for local firms.
Dancan, M.O. (2012). The effect of level of deposits on financial performance of commercial banks in Kenya. Kenya: Nairobi.
Deodat, E. A. (2009). Financial development, bank savings mobilization and economic performance. South Africa: Cape Town.
Desinga, R. (1975). Deposit mobilization by co-operative banks, a comparison economic and political weekly. 29, 1098-1100.
Devinaga, R. (2010). Theoretical Framework of Profitability as Applied to Commercial Bank in Malaysia. European Journal of Economics, Finance
and Administrative Sciences, Multimedia University, Faculty of Business and Law Melaka, Malaysia.
Elizabeth, D. & Greg, E. (2004). Efficiency, customer service and financial performance in financial institutions. International Journal of Bank Marketing. 22(5), 319 – 342.
Erna, R., & Ekki, S. (2004). Factors Affecting Mudaraba Deposit in Indonesia.
Working Paper in Economics and Development Studies” Padjadjaran University, Indonesia.
Gunnar, G., & Zhao, P. (2013). Encounter-based antecedent of customer behaviour, Journal of Service marketing, vol.27 Issue:2, pp.130-140.
lxvii
Gockel, F. A. & Brown, M. (2007). The impact of financial sector policies on banking sector guest, D.E.
Hamid, R. (2011). Credit to Private Sector, Interest Spread and Volatility in Flows: Do Bank Ownership and Matter? DESA Working Paper No. 105.
Hellman, T., Murdock, K. & Stiglitz J. (2010). Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Controls Enough?
American Economic Review, 90(1), 147- 165.
Hellmann, T., Murdock, K. & Stiglitz, J. (2010). Deposits Mobilization through Financial Restraints .
Herald, F., & Heiko, H. (2008). Lebanon-Determinants of commercial banks Deposits in a Regional Financial Center” IMF Working paper, WP/09/195.
Homer, S., Sylla, R.E, & Sylla, R.(1996). A History of Interest Rates. Rutgers University press.
Hommel, J. (2004). Liquidity: Advanced Trading Concept. Textile International Journal of mnagerment. 1(2), 10 – 12.
Hubka, A. & Zaidi, R. (2005). Impact of Government Regulation on Micro Finance. World Developmental Report, 1(6), 875 – 893.
Hussain, M. N. (2009). Linkages between SMEs and Large Industries for Increased Markets Trades: An African Perspective.
Ismail, A. G. (2010). Money, Islamic Bank and the Real Economy. Singapore:
Cengage Learning Asia Pte. Ltd.
Jagan. & Rajasekhar, K.S. (2005). Job satisfaction, job involvement and work involvement of permanent temporary employees, Indian Journal of Applied Psychology, 28(1), 5-10.
John, P. C. (2012). Bringing unbanked households into the banking system.
International Journal of Management 28(4), 184 – 194.
lxviii
Josiah, A. & Nancy, K. (2012). The relationship between electronic banking and financial performance among commercial banks in Kenya. Journal of Finance and Investment Analysis.1(3), 99-118.
Kazi, A. M. (2012). Promoting deposit mobilization and financial inclusion.
International Journal of Small Business and Entrepreneur 3(6), 44 – 71.
Katang, A. & Ntui M. (2008). Promoting deposit mobilization and financial Inclusion.
Kaufman, R.A. (1972). Educational System Planning. Englewood Cliffs, N.J.:
Prentice-Hall, Inc.
Laura,E., Alfred, H. & Sylvia, W. (2009). CGAP Working on Savings Mobilization Comparative Analysis of Savings Mobilization Strategies.
Lawal, B.A. (2014). Effect of strategic marketing of financial services on organization performance. European Journal of Accounting Auditing and
Finance Research, 2(9), 40 – 55.
Lomuto, J.K. (2008). Determinants of Kenyan Commercial Banks Deposit Growth, Master Thesis, University of Nairobi, Nairobi.
Lorenzo, A. (2010). Do bank loans credit standards have an effect on output? A panel approach for the euro area”, ECB Working Paper 1150, January.
Lyman, T., & Ivatury, G (2006). Use of Agents in Branchless Banking for the Poor: Rewards, Risks, and Regulations. Washington D.C: Consultative Group to Assist the Poor Focus Note No.38.
Mahendra, V.P. (2005). Impact of Self-Help Groups on Formal Banking Habits.
Economic and Political Weekly. 40(17),1705-1713.
Mark, C., & Kris, J.M. (2006). Branch Credit Banking, Bank Banking
Competition, and Financial Stability. Ohio State University. Journal of Money and Economy. 38(5), 1293-1328.
lxix
Michie, J., Conway, N. & Sheehan, M. (2003). Human resource management and corporate performance in the UK. British Journal of Industrial Relations, United Kingdom.
Mohammad, N.,& Mahdi, S. (2010). The Role of Inflation in Financial Repression:
Evidence from Iran World Applied Science Journal 11.653-661.
Mohammed, R. D. & Ebrahim, B. (2010). Evaluate the relationship between company performance and stock market liquidity. International Journal of Academic research in accounting and finance and Management science.5(15), 34 – 45.
Mohan, S. (2012). Perspectives of deposits mobilization, online publication.
http://www.nabard.org/databank/IARD%-00neb/csidfiles/perspective
%20deposits%20mobilization
Mordi, C.N.O. (2004). Institutional framework for the Regulation and Supervision of the financial sector, Central Bank of Nigeria Bullion, 28(1), 25.
Mustafa, K.M., & Sayera, Y. (2009). An Analysis of Interest Rate Spread in Bangladesh. The Bangladesh Development Studies.
Nachmias c. (2003). Research Method in Social Science. New York: St. Martin’s Press, inc.
Nada, M. (2010). Can banks provide liquidity in a financial crisis? Federal Reserve Bank of Kansas City, Economic Revision.
Nousheen,T. & Arsad, H. (2013). Impact of firm specific factors on profitability of firms in food sector. Open Journal of Accounting 2(2), 5 – 10.
Ngula, I. B. (2012). Determinants of deposit mobilization and its role in economic growth in Ghana. Degree of Master’s Thesis Kwame Nkrumah University of Science and Technology.
Owolabi, S.A & Obida, S. (2012). Liquidity management and corporate
profitability; case of selected manufacturing companies listed on NSE Business Management Dynamics 2(2), 10-25.
lxx
Olga, K. & Rim, E. K. (2013). Determinants of Non-Resident Deposits in Commercial Banks: Empirical Evidence from Lebano, International Journal of Economics and Finance; 5(12), 20 - 23.
Pai, V.S. (2003). Trends in the India Banking Industry: Analysis of Inter-religion Trends in Deposit and Credit , ICFEI Journal of Management Research, ICFFAI University,5(1), 65-72.
Ramchandra, R., & Yuvaraja, R. (2005). Financial Performance of SBI: An
Analysis. Journal of Banking and Finance. Deep & Deep publication. New Delhi
Roxana, D.P. (2010). Analysis of the relationship between liquidity and
profitability. International Journal of Small Business and Entrepreneur.
3(4), 44 – 71.
Salehi, M.N. (2010). The Role of Inflation in Financial. World Applied Science, 4(1), 653-661.
Sammy, M. (2013). Contribution of Agency Banking on Financial Performance of Commercial Banks in Kenya: Journal of Economics and Sustainable Development.4 (20), 30 – 45.
Sharma, N.K. (2009). Banking and finance, Vaigar. Nagarn International Journal of Small Business and Entrepreneur 3(5), 44- 71.
Sheku, A.B. (2005). Statistical Information and the Banking Sector For
Presentation at the Fouth meeting of the Committee on Development Information (CODI-IV)-Sub-Committee on Statistics, Plenary Session
1:Information in Key Economics Sector, United Nations Conference Center.
Shelagh, H. (2005). Modern Banking, City University, London.
Sylvester, O. (2010). Mobilizing Deposits; the Role of Commercial Banks, Ghana.
Tafirei, M., Rabson, M., Linda, C., & Gumbo. (2014). Analyzing the relationship between banks’ deposit, interest rate and deposit mobilization: empirical evidence from Zimbabwean commercial banks (1980-2006), Journal of Business and Management (IOSR-JBM). 16, 64-75.
lxxi
Tanzi, V. (2013). Public Finance in Developing Countries in Vogt, W.
Dictionary of statistics and methodology. London: Sage publication.
Theiri, S. & Ati, A. (2011). Determinants of financial performance: Empirical Test using the Simultaneous Equation Methods. Economic and Financial Review 1(10) 1-19.
Thisen, J. K., (2004). Mobilizations of Savings through Increased Monetization of African Economic. New Delhi.
Thorn, R. S. (1959). International Monetary Fund. Journals on behalf of the International Monetary Fund. 7(1), 9-45.
The listener (2010-2014). Umuchinemerem Pro-credit Micro Finance Bank Limited, Nigeria, UPMFB Newsletter.
Victor, C,. Samuel, A.& Eric K.B. (2013). The relationship between liquidity and profitability of listed banks in Ghana. International Journal of Business and Social Sciences 14(3), 48- 55
Venkatesan, T., & Nagarajan, S. (2012). An Empirical Study of Profitability Analysis of Selected Steel Companies In India, International Journal of Marketing, Financial Services &Management Research, 1(10), 84-100.
http://esa.un.org/unsd/sna/1993/introduction.asp.
www.echomicrofinance.com.
lxxii
APPENDIX
4.1 Umuchinemere Pro-credit Microfinance Bank Nigeria Limited for the