期刊名称：Izvestiya: Journal of Varna University of Economics
印刷版ISSN：2367-6361
电子版ISSN：2367-6957
出版年度：2019
期号：2
页码：1-13
出版社：University of Economics Varna
摘要：The study investigates the influence of currency depreciation on the
financial performance of Nigerian deposit money banks. Ex-post facto
research design was adopted and ten (10) banks were selected using
convenience sampling technique. Secondary data were collected from the
annual financial reports of the selected deposit money banks and the
Central Bank of Nigeria (CBN)publications over a period of ten
years(2008-2017).The analysis was done using a panel Estimated
Generalized Least Square method (EGLS) in the form of multiple
regressions. The indices of determination for currency depreciation are
Inflation Rate (INFR); Interest Rate (INTR); and Exchange Rate
(EXCHR).The Return on Asset (ROA) serves as a surrogate for
performance. The results of the study show a negative and significant effect
of INFR on ROA (p < 0.05);and a negative and significant effect of INTR
on ROA (p < 0.05). However, there is a positive and insignificant effect of
EXCHR on ROA (p > 0.05).It is recommended that effective fiscal and
monetary policies are required by the Federal Government of Nigeria
through the Central Bank of Nigeria and the Ministry of Finance to address
the adverse effects of inflation and interest rates in Nigeria as these have
potential of influencing the performance of deposit money banks.
