Volume 3, Issue 3, June 2015, Page: 294-302
Determinants of Investment in Government Securities by Banks in Uganda
Kenneth Alpha Egesa, Department of Statistics, Bank of Uganda, Kampala, Uganda
Bruno Max Ocaya, Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Leonard Kiboijana Atuhaire, Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Yeko Mwanga, Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Tom Nyanzi Makumbi, Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Xavier Mugisha, Department of Statistics and Actuarial Sciences, College of Business and Management Sciences, Makerere University, Kampala, Uganda
Received: May 18, 2015;       Accepted: May 27, 2015;       Published: May 28, 2015
DOI: 10.11648/j.ijefm.20150303.26      View  4032      Downloads  95
Abstract
This study analyzed the determinants of investments in securities by banks using the generalized method of moments regression technique. The results showed significant effects of continuous partial adjustments in the government securities held, capitalization, loan performance and bank size. To ensure continued demand for Government securities, regulatory measures aimed at safeguarding capital adequacy and promoting competition in the banking sector are recommended.
Keywords
Commercial Banks, Investment, Government Debt Securities
To cite this article
Kenneth Alpha Egesa, Bruno Max Ocaya, Leonard Kiboijana Atuhaire, Yeko Mwanga, Tom Nyanzi Makumbi, Xavier Mugisha, Determinants of Investment in Government Securities by Banks in Uganda, International Journal of Economics, Finance and Management Sciences. Vol. 3, No. 3, 2015, pp. 294-302. doi: 10.11648/j.ijefm.20150303.26
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