Impact of Investment on Stock Market Development in Nigeria
Journal Title: International Journal of Financial Economics - Year 2016, Vol 5, Issue 1
Abstract
This paper empirically examined the impact of investment on stock market development in Nigeria from 2001-2010. Investment was proxy by gross fixed capital formation and stock market development proxy by market capitalization. The study employed Secondary data from Central Bank of Nigeria Statistical Bulletin. The study employed Ordinary least square regression (OLS) technique. The study revealed positive and significant impact on stock market development within the year covered. The government should therefore formulate some investor friendly policies that will attract more investment inflow into stock market.
Authors and Affiliations
Ebele Sabina Nsofor
Keywords
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