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
