Meet EKE PATRICK OMORUYI, an Academic Staff of Lagos State University.
Investment Analysis & Portfolio Management; Capital & Derivative Markets; Development Finance
Senior Lecturer
Banking and Finance
At the Banking And Finance department office
Appointment on Visitation important
Topic: Development Finance, Corporate Finance & Financial System
Description: Development Finance- research in advancing financial institutions, markets, and instrument with aim of proving scarce risk capital for economic developmentCorporate finance- research into methods and instruments of improving the financial capital of corporate enterprisesFinancial system- to develop the overall availability of financial resources that is supportive of economic development
| # | Certificate | School | Year |
|---|---|---|---|
| 1. | Ph.D (Finance) | Covenant University, Otta, Ogun State, Nigeria | 2018 |
An analysis of Debt Market Innovation, Capital Formation, and Real Economic Growth in Nigeria.
This study tests the market innovation theory, and the supply-leading and demand-following finance hypotheses, by examining the impact of a matrix of debt market- private domestic debt pdbt , private external debt pxdbt and sovereign debt sbnd on gross-fixed capital formation gfcf and real-gross domestic growth rate rgdpgr , in Nigeria. Institutional quality iqt and interest rate inrt were control variables. Two-stage least square and granger-causality techniques was adopted on data obtained from Central Bank of Nigeria statistical bulletin and the World Bank database from 1980 to 2023 to find that private domestic debt pdbt , private external debt pxdbt and sbnd drives gfcf, while gfcf drives rgdpgr. However, sbnd s impact on gfcf is relatively very weak, while the impact from sbnd on rdgpgr is adverse, , as private issued debts outperform sovereign debt, which suggests superior of private debt yield over sovereign debt yield, and Thomas Piketty s hypothesis of returns on private wealth r over return on output g . Bi-directional causality runs between iqt and gfcf, and between iqt and pdbt. The study concludes by upholding the market innovation theory, the demand-following hypothesis, and the credit-quality-spread theory. The study suggests substantial institutional and regulatory reforms, among others.
EKE PATRICK is a Senior Lecturer at the Department of Banking and Finance
EKE has a Ph.D in Finance from Covenant University, Otta, Ogun State, Nigeria
