Nigerian stock exchange and economic development
Journal Title: Manager Journal - Year 2011, Vol 14, Issue
Abstract
The need to critically analyze the efficiency of capital market on the Nigerian economy forthe period between 1979 and 2008 as a reference point for developing economies is the bedrock of this work. The results indicate that the stock market indeed contributes to economic growth as all variables conformed to expectation. The Nigerian Stock Exchange has not been having the best of times as an aftermath of the global financial crisis after an unprecedented surge in returns on investment which has resulted in a continuous downturn in market capitalization. Multiple regression method of econometric analysis was used for the work. The major findings revealed a negative relationship between the market capitalization and the Gross Domestic Product as well as a negative relationship between the turnover ratio and the Gross Domestic Product while a positive relationship was observed between the all-share index and the Gross Domestic Product. These findings led to some policy formulations aimed at an improved and developed market for potential gain to the benefit of rational investors even across national borders.
Authors and Affiliations
Olowe Olusegun, Matthew A. Oluwatoyin, Fasina Fagbeminiyi
Keywords
Related Articles
- EP ID EP448752
- DOI -
- Views 122
- Downloads 0
Integration Of Company’s Financial Data In Credit Risk Assessment Using A Multidimensional Model
Integration Of Company’s Financial Data In Credit Risk Assessment Using A Multidimensional Model
An Exploratory Study of the Women Entrepreneurial Motivation in the South-West Nigeria
Women entrepreneurial motivation is a function of variables that are subject to authors and researchers’ opinions and views. These variables can be classified based on their impact on women entrepreneurial performance,...
Leadership and Strategies in the 21st Century
The article defines and describes what are Strategy and leadership. It further explains that since the World configuration is uncertain and it changes even during these days, a new socio-economic strategy is required. Th...
Problem-solving and developing quality management methods and techniques on the example of automotive industry
The knowledge about methods and techniques of quality management together with their effective use can be definitely regarded as an indication of high organisational culture. Using such methods and techniques in an effec...
Computer science and the recent innovations of the modern society
The paper “Computer science and the recent innovations of the modern society” presents the importance of computer science, with the most important historical moments in its evolution, the main theoretical elements of the...