000			01837nam a2200217 4500
999			_c53215 _d53215
003			OSt
005			20191213133049.0
008			191213b ||||| |||| 00| 0 eng d
100			_aBolarinwa, Segun Thompson _935354
245			_aFirm Size–Profitability Nexus: An Empirical Evidence from Nigerian Listed Financial Firms
300			_a1109-1121 p.
520			_aStudies on the nexus between size and profitability occupy a substantial portion of empirical economic literature; however, the existing literature tilt much in favour of non-financial firms with little attention towards the financial sector, especially in the context of developing countries, most especially, Nigeria. This study examines the causality between size and profitability among 45 financial listed firms in Nigeria using the innovative and recently developed panel vector autoregressive (PVAR) and two-step system generalized method of moments (GMM) in order to resolve the inherent problems of endogeneity and persistence. The results emanating from the study show that there exists a bidirectional causal relationship between size and profitability in the Nigerian financial industry; hence, past profitability has brought about the present size level and past size of the industry has led also to the present profitability level. Consequently, firm size is a strong policy option for corporate managers in the Nigerian financial industry for achieving optimal profitability and vice versa.
653			_afinancial industry,
653			_arecapitalization
653			_apanel vector autoregressive
653			_asystem GMM,
653			_aNigeria
700			_aObembe, Olufemi Bodunde _935355
773	0		_029349 _977622 _aBANIK, ARINDAM _dNEW DELHI SAGE PUBLISHING PVT. LTD. _o55511230 _tGLOBAL BUSINESS REVIEW _x0972-1509
942			_2ddc _cJA-ARTICLE