Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 362

Full Length Research Paper

Management research and the phenomenon of industry growth: The case of Nigerian banking industry

  Nzelibe Grace Chinelo1, Yusuf, Olafemi Munirat2* and Egononwu-Iwu  Ronald2    
  1Faculty of Management Science University of Abuja, Abuja, Nigeria. 2Department of Business Administration, University of Abuja, Abuja, Nigeria.
Email: [email protected]

  •  Accepted: 20 December 2011
  •  Published: 31 May 2013

Abstract

 

The pre-capitalization banking in Nigeria was characterize by poor research base, low investment in training and development; hence, leading to incessant distress and massive liquidation. The main focus of this paper is therefore to examine the relationship between research and growth in the industry. The research is descriptive in nature and based strictly on secondary data. Research finding revealed that inadequate research is one, but not the only causes of the downward trend in the industry. Other causes include institutional weakness/economic conditions, rapid changes in government policies among others. A number of possible solutions were proffered, this include institution of compulsory research and development activities in banks to be supervised by Nigeria Deposit Insurance Corporation (NDIC).

 

Key words: Pre-capitalization, research and growth, economic conditions.