This work is licensed under a
Creative Commons Attribution 4.0 International License
[1] O. Nwankwo, G.A. Olukotun, K. Olorunfemi, Effects of Globalization on Foreign Direct Investment in Nigeria, Lorem Journal of Business and Economics. 1 (2013) 11-18.
[2] A. Faroh, H. Shen, Impact of Interest Rates on Foreign Direct Investment: Case Study Sierra Leone Economy, International Journal of Business Management and Economic Research. 6 (2015) 124-132.
[3] A.C. Onuorah et al., Impact of Selected Economic Indicators on Foreign Investment Inflow in Nigeria and South Africa: Optimal Indicators Search, International Journal of Management Science and Business Administration. 1 (2015) 39-47.
DOI: https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.17.1004[4] Chung and Lin, Portfolio Selection in Stochastic Environment Manuscript, Rady School of Business, University of California at San Diego, (2004).
[5] E. Harsch, South Africa: White Rule, Black Revolt. New York: Monad, (2014).
[6] P.I. Osiegbu, A.C. Onuorah, Fundamental of Finance, C.M. Global Co. Ltd. Asaba, Delta State, (2011).
[7] Investopedia, Available: http: /www. investopedia. com.
[8] World Bank, Available: http: /data. worldbank. org.
[9] D. Soumyananda, Factors Determining FDI to Nigeria: An Empirical Investigation, MPRA Paper, 28097 (2008).
[10] G.D.A. Macdougall, The Benefits and Costs of Private Foreign Investment Abroad: A Theoretical Approach, Economic Record, XXXVI, 1958, pp.13-35.
[11] M.C. Kemp, The Theory of International Trade, Prentice-Hall, Ithaca, 1964, pp.13-14.
[12] T. Itagaki, The Theory of the Multinational Firm under Exchange Rate Uncertainty, Canadian Journal of Economics. 14(1981) 276–297.
[13] D.O. Cushman, Real Exchange Rate Risk, Expectations, and the Level of Direct Investment, Review of Economics and Statistics. 67(1985) 297-308.
DOI: https://doi.org/10.2307/1924729[14] P.J. Buckley, M. Casson, The Future of the Multinational Enterprise, Macmillan Press, London, (1976).
[15] J.F. Hennart, A Theory of Multinational Enterprise, University of Michigan, (1982).
[16] M. Casson, The Theory of Foreign Direct Investment, In: P. Buckley, (eds. ), International Investment. Edward Elgar Publishing Ltd., Aldershot, England, Ltd. 1983, pp.244-73.
[17] R. Coase, The Narure of Firm, Economica, Blackwell Publishing. 4 (1937) 386-405.
[18] S.H. Hymer, The Internattional Operations of National Firms: A Study of Direct Investment, Cambridge MIT Press, (1976).
[19] L. Eden, S.R. Miller, Distances Matters: Liability of Foreignness, Institutional Distances and Ownership Strategy, Advances in international Management. 1 (2004) 187-221.
DOI: https://doi.org/10.1016/s0747-7929(04)16010-1[20] N. Hood, S. Young, The Economics of Multinational Enterprises, Longman, London, 1979, pp.44-86.
[21] J. F Dunning, The Globalisation of Business, Routledge, London, (1973).
[22] J.F. Dunning, Towards and Ecletic Theory of International Production, (1980).
[23] H.M. Markowitz, Portfolio Selection, Journal of Finance. 7 (1979) 77-91.
[24] J.A. Schumpeter, The Theory of Economic Development, Harvard University Press, Cambridge MA, (1934).
[25] M.O. Ojo, Foreign Direct Investment and Financial Sector Growth, Asian Economic and Financial Review. 2 (2012) 262-275.
[26] N. Bayraktar, Y. Wang, Banking Sector Openness and Economic Growth, World Bank Policy Research Working Paper Series 4019, (2006).
DOI: https://doi.org/10.1596/1813-9450-4019[27] E. Berglof, G. Roland, Bank Restructuring and Soft Budget Constraints in Financial Transition, Centre for Economic Policy Research, London, Discussion Paper 125, 195).
[28] K. Tuuli, Do Efficient Banking Sectors accelerate Economic Growth in Transition Countries, BOFIT Discussion Paper, 14 (2002).
DOI: https://doi.org/10.2139/ssrn.1015710[29] E.D. Balogun, Banking Reforms and the Nigeria Economy Performance: Pitfalls and Future Policy Options, MPRA Paper 3804 (2007).
[30] P.C. Chang, C. Jia, Z. Wang, Bank Fund Reallocation and Economic Growth: Evidence from China, Journal of Banking and Finance. 34 (2010) 2753-2766.
DOI: https://doi.org/10.1016/j.jbankfin.2010.05.015[31] O.O. Emmanuel, E. Adegboyega, Banks and Economic Growth in Nigeria: A Re- Examination of the Financial Repression Hypothesis, American Journal of Business and Management. 3 (2014) 1-9.
DOI: https://doi.org/10.11634/216796061403516[32] S. Ogege, A.A. Shiro, Does Depositing Money in Bank Impact Economic Growth? Evidence from Nigeria, African Journal of Business Management. 7 (2012) 196-205.
[33] C.W.I. Granger, P. Newbold, Spurious Regressions in Econometrics, Journal of Econometrica. 2 (1977) 111-120.
[34] S. Johansen, Estimation and Hypothesis Testing of Co-integration Vectors in Gaussian Vector Autoregressive Models, Econometrica. 59 (1991) 1551-1580.
DOI: https://doi.org/10.2307/2938278[35] S. Johansen, K. Juselius, K. Maximum Likelihood Estimation and Inference On cointegration with application to demand for money, Oxford Bulletin of Economics and Statistics. 52 (1990) 169-210.
DOI: https://doi.org/10.1111/j.1468-0084.1990.mp52002003.x[36] C.C. Osuji, E.E. Chigbu, An Evaluation of Financial Development and Economic Growth of Nigeria: A Causality Test, Kuwait Chapter of Arabian Journal of Business and Management Review. 1 (2012) 27-44.
[37] G.S. Balago, Financial Sector Development and Economic Growth in Nigeria: An Empirical Investigation, International Journal of Finance and Accounting. 3 (2014) 253- 265.
[38] S.Q. Ziorkiui, The Impact of Financial Sector Reform on Bank Efficiency and Financial Deepening for Savings Mobilisation in Ghana, African Economic Policy Discussion Paper 81, (2001).