The Influence of the Banking Sector Functions on Economic Activity in Macedonia

Naumovska, Elena; Jovanovski, Kiril; Gockov, Gjorgji

doi:10.1515/aicue-2015-0014

Cited by 2 publications

(1 citation statement)

References 29 publications

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“…This is because stokvel savings help maintain high growth rates through their effect on capital formation and investment from stokvel savings. Similarly, Naumovska, Jovanovski and Gockov (2015) argued that the ratio of STOKVSAV deposits as a percentage of GDP is the best indicator of savings mobilisation ability and the banking sector in the economy. Moreover, Remble, Marshall andKeeney (2013), andPrinsloo (2000) described STOKVSAV deposit (% of GDP) as a portion of current income that is put aside and not consumed after direct taxes and other expenses have been paid off.…”

Section: Stokvel Savings (Stokvsav)mentioning

confidence: 99%

Stokvel saving and banking sector liquidity in South Africa: cointegration and short-run dynamics

Ngcobo,

Joseph,

MaseTshaba

2023

IJRBS

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Stokvel is a term used in South Africa to denote an informal saving club. A large population of South Africa are members of one stokvel or the other. A large amount of stokvel savings go unaccounted for in the banking sector resulting in distortions in the flow of funds in the banking sector. Thus, the objective of this paper was to establish the presence of a long-run relationship and causality between stokvel savings, money supply, gross domestic product growth rate and banking sector liquidity in South Africa. Applying the Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) techniques on quarterly time series data for the period from 1987Q3 to 2020Q1, the study reveals that in the long run, stokvel savings and money supply were found to have a negative relationship with banking sector liquidity albeit insignificant, however, gross domestic product growth rate exhibited a negative and statistically significant relationship at 1%. The coefficient of the error correction model (ECM(-1)) was, as expected, negative and statistically significant thus providing evidence of a short-run relationship. This study concludes that informal savings must be included in the formal banking services to harness the cash that is held by the informal sector and thus improve banking sector liquidity while minimizing the prevalence of financial disintermediation.

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Section: Stokvel Savings (Stokvsav)mentioning

confidence: 99%

Stokvel saving and banking sector liquidity in South Africa: cointegration and short-run dynamics

Ngcobo,

Joseph,

MaseTshaba

2023

IJRBS

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Strategic entrepreneurship and performance of Nigerian banks: A quantitative approach

Omoshagba

Adeyeye

Sajuyigbe

2021

IER

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Strategic entrepreneurship provides value that allows companies to compete favourably in the market compared to their competitors, especially in the banking sector, and thus influence their performance. Therefore, this study examined the impact of strategic entrepreneurship on the performance of Nigerian banks. Research Design & Methods: A quantitative approach was adopted for the study, which used a post facto study design. The sample size consists of 10 banks listed before 2009 that were only excluded in 2018 with related data. Secondary data collected from annual reports and financial statements of all sample banks over ten years (2010)(2011)(2012)(2013)(2014)(2015)(2016)(2017)(2018)(2019) were analysed. Panel data analysis was used to measure the relationship between independent and dependent variables at p< 0.05. Findings: The study demonstrates that strategic dimensions of entrepreneurship (strategic renewal, sustainable innovation, and domain renewal) play a key role in joint and significant organizational performance. It has also been confirmed that strategic renewal independently affects business organizational performance, while domain definition has a positive but minor relevance. However, permanent regeneration has the opposite effect on organizational performance. Implications & Recommendations: This finding means that many Nigerian banks have failed to put into practice the knowledge and financial commitment to take advantage of opportunities, which is an important means of strengthening the sector amid the pandemic syndrome and highly turbulent environment. It is therefore imperative that the management of Nigerian banks be financially engaged in formulating innovative strategies and activities. Contribution & Value Added:The study has established that strategic entrepreneurship components jointly and independently influence the performance of Nigerian banks. It was also discovered that strategic renewal, sustainable innovation, and domain renewal are strong predictors of banks' performance. Article type:research article

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The Influence of the Banking Sector Functions on Economic Activity in Macedonia

Cited by 2 publications

References 29 publications

Stokvel saving and banking sector liquidity in South Africa: cointegration and short-run dynamics

Stokvel saving and banking sector liquidity in South Africa: cointegration and short-run dynamics

Strategic entrepreneurship and performance of Nigerian banks: A quantitative approach

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