Managerial Finance: Volume 32 Issue 7

Financial liberalization and price rigidity in the Nigerian banking system

O. Felix Ayadi, Ladelle Hyman

Many developing countries embarked on a program of financial liberalization in order to maximize the benefits associated with a free market system. The preponderance of the…

Cash flow ratios as a yardstick for evaluating financial performance in African businesses

Leonie Jooste

The purpose of this paper is to compare companies in a developing country with those of a first‐world country. For this purpose South African (SA) companies in the chemical, food…

Accelerating foreign direct investment flow to Africa: from policy statements to successful strategies

Jacob W. Musila, Simon P. Sigué

The growing investment gap and the declining foreign aid in recent years have compelled many African countries to turn to foreign direct investment (FDI) as a means to avoid…

An analysis of strategic issues in institutionalizing a financial systems approach for microenterprise development in Africa

Jerry Kolo

This paper seeks to look at failed development paradigms in West Africa, one of the world's poorest regions, and to argue that new and contextually relevant methods are needed to…

Sub‐Saharan Africa's debt crisis: analysis and forecast based on Nigeria

Richard O. Omotoye, Hari P. Sharma, Christopher Ngassam, Maxwell Eseonu

The paper sets out to focus the attention of scholars and policy‐makers on the urgency of Nigeria's worsening debt crisis, with a view to suggesting initiatives which can be…