Assessing the Extent of Development of the Nigerian Capital Market: A Comparative Analysis
Journal Title: International Journal of Financial Economics - Year 2014, Vol 2, Issue 2
Abstract
The paper examines the extent of development of the Nigerian capital market by analyzing key indicators of capital market development such as listing, market capitalization and turnover ratio, comparing them with those of other emerging markets of Malaysia, Indonesia, Korea Republic, Singapore, and South Africa. In all, the Nigerian capital market performs poorly relative to other emerging markets. The implication of this is that even though they are all listed as emerging markets, the Nigerian capital market is still lagging behind others in terms of development. Given the fact that a deeper, more liquid and more resilient capital market is desirable in view of the positive correlation between capital market and economic growth, the paper recommends the following options to accelerate the pace of development of the Nigerian capital market: increase in market size; improvement on market infrastructure and institutional arrangements, internationalization of the market and macro-economic stability.
Authors and Affiliations
Okey O. Ovat
Keywords
Related Articles
- EP ID EP27258
- DOI -
- Views 355
- Downloads 10
Empirical Analysis of Financial Sector Development and National Savings: Evidence from Nigeria Economy
This paper set out to examine whether there is a dynamic long run relationship between financial sector development and Nigeria National Savings in addiction to determining the direction of causality among the variable...
Public Health Expenditure and Health Outcomes in Nigeria
One of the numerous responsibilities of the government of any country is to invest in the various sectors of the economy. This should however be channeled to the appropriate sectors, such as the health sector, that wil...
The Impact of Macroeconomic Variables on Al-Quds Index: Empirical Evidence from Palestine
This study aimed at investigating the impact of macroeconomic variables, particularly GDP, CPI, unemployment, exchange rate, and interest rate on the Al-Quds Index (AQI). Also, the causality relationships between these...
The Effect of Intellectual Capital on the Performance of Listed Companies in Iran Stock Exchange: A Panel Data Approach
According to the resource-based view, intellectual capital is strategic resources that enable companies to create competitive advantage and deliver superior financial performance. Relationship between resources and fir...
Financial Analysis of Rain tree (Samanea Saman) Plantations in Bangladesh
The paper discusses financial analysis of rain tree (Samanea suman) plantations in Bangladesh. It considers village woodlots, embankments, and road sides plantations. A sample 19 kilometer plantations ranging age 7 yea...