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 resul...

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Main Authors:	Beck, Thorsten, Cull, Robert, Jerome, Afeikhena
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
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 http://hdl.handle.net/10986/8915

id	okr-10986-8915
recordtype	oai_dc
spelling	okr-10986-89152021-04-23T14:02:42Z Bank Privatization and Performance : Empirical Evidence from Nigeria Beck, Thorsten Cull, Robert Jerome, Afeikhena 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 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. 2012-06-25T14:49:08Z 2012-06-25T14:49:08Z 2005-02 http://documents.worldbank.org/curated/en/2005/02/5634119/bank-privatization-performance-emprical-evidence-nigeria http://hdl.handle.net/10986/8915 English Policy Research Working Paper; No. 3511 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Africa Nigeria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	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
spellingShingle	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 Beck, Thorsten Cull, Robert Jerome, Afeikhena Bank Privatization and Performance : Empirical Evidence from Nigeria
geographic_facet	Africa Nigeria
relation	Policy Research Working Paper; No. 3511
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Beck, Thorsten Cull, Robert Jerome, Afeikhena
author_facet	Beck, Thorsten Cull, Robert Jerome, Afeikhena
author_sort	Beck, Thorsten
title	Bank Privatization and Performance : Empirical Evidence from Nigeria
title_short	Bank Privatization and Performance : Empirical Evidence from Nigeria
title_full	Bank Privatization and Performance : Empirical Evidence from Nigeria
title_fullStr	Bank Privatization and Performance : Empirical Evidence from Nigeria
title_full_unstemmed	Bank Privatization and Performance : Empirical Evidence from Nigeria
title_sort	bank privatization and performance : empirical evidence from nigeria
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/02/5634119/bank-privatization-performance-emprical-evidence-nigeria http://hdl.handle.net/10986/8915
_version_	1764407124125810688

Bank Privatization and Performance : Empirical Evidence from Nigeria

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