Adedeji Daniel Gbadebo
Department of Accounting Science, Walter Sisulu University, Mthatha

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AN ASSESSMENT OF THE MACROECONOMIC DETERMINANTS OF DEMAND FOR LIFE INSURANCE PRODUCTS: EMPIRICAL FROM NIGERIA Adedeji Daniel Gbadebo
J-MACC Vol 7 No 1 (2024): April
Publisher : Fakultas Ekonomi Universitas Islam Darul Ulum Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52166/j-macc.v7i1.9352

Abstract

Life insurance also serves as a social mechanism for covering expenses related to death and supporting dependents. This study aimed to explore how national income, inflation rates, real interest rates, life expectancy, and dependency ratios influence the demand for life insurance products in Nigeria. A fixed effect model was fitted on sourced data over the period from 1980 to 2023. The paper finds that a positive but statistically insignificant relationship with life insurance demand was observed, indicating a weak impact. Both variables did not significantly affect life insurance demand, supporting the hypothesis that these economic factors have minimal influence. A significant positive relationship with life insurance demand was found. This suggests that as life expectancy increases, so does the demand for life insurance, highlighting the importance of long-term financial planning. A significant negative relationship with life insurance demand was identified, indicating that a higher ratio of dependents to income earners results in lower demand for insurance products. These findings provide a nuanced understanding of the determinants of life insurance demand in Nigeria, emphasizing the varying impacts of socio-economic and demographic factors.
MANAGEMENT DIVERSITY AND CORPORATE SOCIAL RESPONSIBILITY OF QUOTED FIRMS IN NIGERIA Adedeji Daniel Gbadebo
J-MACC Vol 8 No 1 (2025): April
Publisher : Fakultas Ekonomi Universitas Islam Darul Ulum Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52166/j-macc.v8i1.9353

Abstract

In recent years corporate social responsibility has become a major focus of interest for policymakers, regulators, and academics. Corporate social responsibility (CSR) is basically a concept of voluntary business activities whereby corporations integrate social concerns and other environmental concerns into their economic activities. The study hinged on stakeholder theory to serve as the main theoretical framework. Pool OLS with tests for fixed and random effects was employed to estimate the impact of board diversity, and CSR. The study employs the Generalized Least Square (random effects) regression to examine how board diversity components, including nationality, educational qualifications and gender, affect CSR of 20 listed industrial and commercial goods on the Nigerian Exchange Group, during 2015-2019. The result shows that it is only gender diversity that has a significant positive relationship with corporate social responsibility expenditure while foreign nationality and educational diversity have revealed no significant effect on corporate social responsibility expenditures. This result is revealing that an increase in female representation in the boardroom will result in a corresponding increase in CSR expenditures of companies. This result confirms that women directors might take CSR issues more seriously than their male counterparts not only because of their stronger moral orientations.
FINANCIAL GLOBALIZATION AND FINANCIAL SECTOR DEVELOPMENT IN NIGERIA Adedeji Daniel Gbadebo
J-MACC Vol 8 No 2 (2025): Oktober
Publisher : Fakultas Ekonomi Universitas Islam Darul Ulum Lamongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52166/j-macc.v8i2.11212

Abstract

Financial globalisation requires serious consideration in an effort to stimulate financial development of any economy. Despite the governmental measures to improve financial globalisation, the sector still experiences low level of development in Nigeria. This study investigated the impact of financial globalization on financial sector development in Nigeria. Ex-post facto design was employed and annual data were obtained from the World Bank's Development Indicators and Global Financial Development Database from 1981 to 2023. Autoregressive distributed lag (ARDL) method was used for data analysis. Financial globalisation index was found to have had positive effect on money market development both in the short-run (=0.153; p<0.01) and long run(=0.349;p<0.01). A positive effect was also reported for capital market development, but only in the long run (=6.217; p<0.01). The study concluded that financial globalization levels are low in Nigeria and there has been little improvement in its levels over the period. The study recommended that the Nigerian authority should direct policy attention to promoting increased globalization of the financial sector through further deregulation of its activities and removal of restrictions on actors in this sector.