Bussecon Review of Finance & Banking (2687-2501) http://www.bussecon.com/ojs/index.php/brfb <p>Bussecon Review of Finance &amp; Banking (2687-2501) is an open access international journal that promotes international academic studies in Finance &amp; Banking. BRFB is an international academic journal reviews topics in finance, banking, and accounting. Peer-reviewed and the refereed journal is published quarterly in English by Busssecon International Academy. BRFB is an indexed journal. BRFB is indexed in <a href="https://journals.indexcopernicus.com/search/journal/issue?issueId=all&amp;journalId=67502">Index Copernicus</a>, <a href="https://econpapers.repec.org/article/adibsrfbs/" target="_blank" rel="noopener">RePEc</a>, <a href="https://econpapers.repec.org/article/adibsrfbs/" target="_blank" rel="noopener">Econpapers</a>, <a href="https://ideas.repec.org/s/adi/bsrfbs.html" target="_blank" rel="noopener">IDEAS</a>, <a href="https://www.base-search.net/Record/9603f562f7c59f8a6d64d14d5299700f1e76ed420a0c058667f5a1f417b681c6/" target="_blank" rel="noopener">BASE</a>, <a href="https://www.scilit.net/journal/4278750" target="_blank" rel="noopener">Scilit ,</a> <a href="https://scholar.google.com/scholar?q=%2Bintitle%3A%22Effective+knowledge+management+in+the+Nigerian+banking+industry%3A+Indigenous+Knowledge%22" target="_blank" rel="noopener">Google Scholar, </a><a href="https://asosindex.com.tr/index.jsp?modul=journal-page&amp;journal-id=2487">Asos Index</a>, and <a href="http://www.bussecon.com/ojs/index.php/brfb/oai?verb=ListRecords&amp;metadataPrefix=oai_dc">OAI</a>. </p> <div id="custom-0"> </div> Bussecon International en-US Bussecon Review of Finance & Banking (2687-2501) 2687-2501 The Causality Relationship between Energy Prices and Developed Countries Indices http://www.bussecon.com/ojs/index.php/brfb/article/view/208 <p><em>The aim of this study is to determine the causality relationship between energy prices, which are among the most important inputs of the economy, and selected stock market indices of developed countries. Crude oil and natural gas are used as energy variables.</em> <em>G7 countries were selected to represent developed countries.</em> <em>Stock indices used in the study are Dow&amp;Jones (USA), DAX (Germany), CAC40 (France), FTSE250 (England), FTSE Italia All-Share (Italy), NIKKEI225 (Japan), and S&amp;P/TSX (Canada).</em> <em>In the study, Johansen (1988) cointegration test and Granger (1969) causality test were used to analyze the causality relationship between energy prices and selected stock market indices.</em> <em>The research could not find a long-term balance relationship between energy prices and developed country indices.</em> <em>Also, while the causality relationship was determined between crude oil prices and NIKKEI225, DAX, and CAC40 indices, a causal relationship between natural gas prices and Dow&amp;Jones and FTSE250 indices was determined.</em> <em>In the study, it was found that energy prices can be used for diversification in investments to be made with stock market indices of developed countries.</em> <em>This study is one of the most comprehensive studies in the literature that examines the relationship between energy prices and the stock market indices of G7 countries.</em> <em>It is expected to contribute to the literature in this way.</em></p> Yakup Soylemez Copyright (c) 2020 Yakup Soylemez http://creativecommons.org/licenses/by-nc-nd/4.0 2020-12-16 2020-12-16 2 2 1 18 10.36096/brfb.v2i2.208 The analysis of drivers of operational risks in Nigerian commercial banks http://www.bussecon.com/ojs/index.php/brfb/article/view/194 <p><em>Despite the institutionalization of operational risk management in banks and the strict supervision of bank regulators, operational risk events are still on the increase. It is becoming evident to banks that there is a need to identify the drivers of this risk and nib it at the root to reduce the probability of recurrence. Hence, this study examined the drivers of operational risks in Nigerian commercial banks and the extent to which each driver contributes to operational risk. To achieve the study’s objectives, primary data were collected from the Operational Risk Management Desks of six (6) sampled commercial banks and analyzed using SPSS and Microsoft Excel. The result showed that Internal processes, IT systems and Quality of Risk Officers are determinants of operational losses in banks. The internal process was however indicated as having the most impact. The study concluded that the Internal Process is the major driver of operational risk in Nigerian Commercial banks. The researcher, therefore, recommends that bank management must have defined procedures for core activities and prioritize regular review of their critical processes to reduce operational risk events and the associated costs.</em></p> Olajide Solomon Fadun Diekolola Oye Copyright (c) 2020 Diekolola Oye http://creativecommons.org/licenses/by-nc-nd/4.0 2020-12-16 2020-12-16 2 2 19 35 10.36096/brfb.v2i2.194 Cash management strategies and firm financial performance http://www.bussecon.com/ojs/index.php/brfb/article/view/207 <p><em>Cash(liquidity) management is at the heart of a firm’s financial management. It is a silver lining between the bankruptcy and the success story of a company. Therefore, this study intends to contribute some insights into cash management practices and how firms can use them to achieve sound financial performance. This study provides a comprehensive literature review on existing theories and cash management practices that are useful in decision making. After the analysis of the available literature, the study highlights important theories including tradeoff theory (TOT), transaction model, precautionary measures, financial hierarchy, and cash flow theory. Furthermore, management practices such as stochastic cash management model, speeding up cash collections, centralization &amp; decentralization of management, asset portfolio diversification, and cash disbursement are discussed. The study suggests that a sound financial performance can be achieved through a hybrid approach and through adaptation and embracing innovations in cash management systems.</em></p> Mustapher Faque Copyright (c) 2020 Mustapher Faque http://creativecommons.org/licenses/by-nc-nd/4.0 2020-12-16 2020-12-16 2 2 36 43 10.36096/brfb.v2i2.207