THE IMPACTS OF FOREIGN OWNERSHIP ON THE GOING-CONCERN OF NIGERIAN LISTED BANKS

Sunusi Garba, Mudzamir Bin Mohamed

Abstract


This paper evaluates the effects of foreign ownership on the going-concern of Nigerian quoted banks. The paper is produced based on the ex-post facto research design. Data were generated from the annual reports and financial statement of listed firms from 2011 to 2015. The population of the study consists of all fifteen (15) banks quoted on the Nigerian Stock Exchange. Descriptive statistics, Pearson correlation, along with fixed-effect and random-effect generalised least square (GLS) regression techniques. Hausman Specification Test had been used as the decision rule of the analysis. The results establish that there is a significant positive relationship between the foreign ownership and going concern of listed Banks in Nigeria. It suggested that banks should encourage foreign investment as is likely to increase ease of contact to resources, therefore safeguarding the supply of resources precarious to its going concern.


Keywords


Going-concern, Foreign Ownership, Banks, Nigeria

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