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Assessment Of The Contributions Of Capital Market To Economic Growth In Nigeria
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Book Synopsis Assessment of the Contributions of Capital Market to Economic Growth in Nigeria by : Andohol Jerome
Download or read book Assessment of the Contributions of Capital Market to Economic Growth in Nigeria written by Andohol Jerome and published by . This book was released on 2017 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically ex ...
Book Synopsis The Ineffectiveness of the Nigerian Capital Market in Fulfilling Its Expected Role in Economic Growth and Development in Nigeria by : Adewale Adegoke Alawiye-Adams
Download or read book The Ineffectiveness of the Nigerian Capital Market in Fulfilling Its Expected Role in Economic Growth and Development in Nigeria written by Adewale Adegoke Alawiye-Adams and published by . This book was released on 2013 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several concerted efforts have been made towards understanding the relationship between capital market and the economic growth in Nigeria. The capital market of every economy is setup for the attainment of specific objectives, some of which includes facilitating economic growth and stability, sourcing of the much needed capita for economic development, amongst others. This paper was carried out with the intention to investigate the controversial issue of the continuous lingering ineffectiveness, inefficiency and under performance of the Nigerian capital market in providing the much expected support for the growth and development of the Nigerian economy particularly as it concerns the real sectors. Data was collected and analyzed using Chi Square analysis, tables from secondary data sources and graphical illustrations were employed in the analysis. The result of the study shows that the Nigerian capital market has not been efficient enough to impact on the country's economic growth. The limited contribution of the market to the development of the industrial sector, as a result of the absence of stimulating encouragement and liberality of the cost mechanism required for listing on both the primary and secondary markets, were highly inhibitive, ineffective and restrictive to firms that would have come to be listed on the capital market, especially small and medium scale enterprises. On the strength of these evidences, this paper recommends that government should introduce more tax incentives to motivate and encourage investors in organizations listed on the stock exchange, and indeed more capital and tax relieves for new startups and newly enlisted small and medium scale industries. Finally, listing on the exchange should be made more easier and cheaper for companies that want to be listed to attain a given level of capitalization on the secondary market particularly targeted at micro, small and medium scale industrial enterprises.
Book Synopsis Mainstreaming the Capital Market in National Policy Formulation and Management by : Musa Al-Faki
Download or read book Mainstreaming the Capital Market in National Policy Formulation and Management written by Musa Al-Faki and published by . This book was released on 2006 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Nigerian Capital Market and Economic Development in Nigeria by : Nayuni Charles Sabe
Download or read book The Nigerian Capital Market and Economic Development in Nigeria written by Nayuni Charles Sabe and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work sets out to examine the relationship between the Nigerian Capital Market and economic development of Nigeria from 1987 to 2006. Thus, the performance of the Nigerian Capital Market indicators as they affect the GDP growth rate and human development index in Nigeria was examined. Multiple linear regression model was adopted as the method of analysis. The evaluation technique includes t-statistics, R squared, adjusted R squared, Durbin Watson test, standard error test and the f-statistics. The specific findings of this study show that there is no significant relationship between the capital market indicators and economic development in Nigeria during the period 1987 to 2006. There is a positive but insignificant relationship among the Nigerian Stock Exchange market capitalization, turnover ratio and economic development, while the relationship between the Nigerian Stock Exchange number of listed securities and economic development is negative and insignificant. Therefore, the Nigerian capital Market has fallen short of expectation vis-a-vis its role in fostering investment for economic growth and development."
Book Synopsis The Capital Market of a Developing Country by : Edith Olutoyin Phillips
Download or read book The Capital Market of a Developing Country written by Edith Olutoyin Phillips and published by . This book was released on 1978 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Does the Capital Market Spur Economic Growth? Evidence from Nigeria by : Taiwo Muritala
Download or read book Does the Capital Market Spur Economic Growth? Evidence from Nigeria written by Taiwo Muritala and published by . This book was released on 2018 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study critically examines the relationship between the capital market and economic growth of Nigeria. Data are mainly obtained from secondary sources, the CBN statistical bulletin over the period of 1980-2015. The results from the augmented Dickey Fuller unit root test show that all the variables were stationary at the level except RGDP, MCAP and TNI, which were stationary at the first difference. The results from Ordinary Least Square (OLS) reveal that total new issue, market capitalization, and total listing positively impact the economy while the value of the transaction has a negative impact on real gross domestic product. The study recommends, among others, that the government implement measures to build up investors' confidence in the capital market by fair transactions, by increasing investment instruments on the market; all the tiers of government should encourage funding their realistic development program through the capital market.
Book Synopsis stock market development and long run growth by : Ross Levine
Download or read book stock market development and long run growth written by Ross Levine and published by World Bank Publications. This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Market and Economic Growth in Nigeria by : Ibrahim Mohammed Adamu
Download or read book Capital Market and Economic Growth in Nigeria written by Ibrahim Mohammed Adamu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to examine the relationship between capital market and economic growth in Nigeria from 1985 to 2021. The study employed Johansen cointegration and Vector Error Correction Model (VECM) to analyse the relationship. Findings reveal, among others, that the Johansen Normalized Cointegration indicates that in the long-run, all share index and total value of transactions have a negative impact while market capitalization and number of deals has a positive impact on economic growth. In addition, the short run results also reveal that all share index, number of deals and total value of transactions have positive and significant effect on economic growth while market capitalization is negatively related. The findings suggest that the Nigerian capital market would benefit from the active participation of the real sector and other regulatory authorities through an expansion of the production base, increased public awareness, and a lowering of entry and listing requirements for a sound and robust participation.
Book Synopsis Functional Relationship Between Growth of Capital Market and Economic Development of Nigeria by : Ifuero Osad Osamwonyi
Download or read book Functional Relationship Between Growth of Capital Market and Economic Development of Nigeria written by Ifuero Osad Osamwonyi and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examined the empirical impact of the capital market on economic development in Nigeria using a time series data from 1986 to 2005. The co-integration estimation technique found support for the existence of long run relationship between the capital market and economic development. The empirical evidence supported the positive impact of the capital market on economic development in Nigeria proxied by Gross Fixed Capital Formation. It was then suggested interalia that new instruments such as asset-backed securities and derivatives should be facilitated by the necessary policy and legal framework that will deepen the market.
Book Synopsis The Nigerian Capital Market by : Isaac Olusola Dada
Download or read book The Nigerian Capital Market written by Isaac Olusola Dada and published by . This book was released on 2003 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: securities market management in an emerging market; the Nigerian capital market, opportunities and challenges; perspectives on the development of the capital market in Nigeria; the impact of the central securities clearing system on the development of the capital market; the role of domestic and international capital markets in the re-capitalisation of banks in Nigeria; dealing in securities and maximising profit through trading in rights issues; assisting public sector resource managers to access captial markets; the role of the stockbroker; effective pricing of securities in the secondary market; mobilisation of resources; the role of the corporate finance officer; privatisation of public enterprises in Nigeria; the potential impact of the 1999 Federal Government budget on the Nigerian capital market; the investment climate in Nigeria; the case for foreign investment in the Nigerian Wire and Cable companies; and the church and investment.
Book Synopsis Stock Market Development and Economic Growth in Nigeria (1986-2006) by : Oluwanishola Abiodun Okogun
Download or read book Stock Market Development and Economic Growth in Nigeria (1986-2006) written by Oluwanishola Abiodun Okogun and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. The relationship between stock market development and economic growth has received a great deal of attention during the last decades. Many economists have underlined the importance of stock market development in the process of economic growth while others think that this importance is over-stressed. Managers and owners of businesses are often ignorant of the full range of sources of finance available to them as well as the best means of accessing these funds. As businesses expand, it is pertinent to the continuing success of such a business that it possesses the ability to identify its financing requirements and its sources. Of all the sources of funds, the stock market is by far the largest source of finance for any organization and the study is needed to extensively focus on the opportunities that bound in the Nigeria stock market with regards to the process of the capital formation. This study examine the stock market development with relationship between economic growths in Nigeria.
Book Synopsis Mobilizing Domestic Resources for Economic Development in Nigeria by : Fidelis O. Ogwumike
Download or read book Mobilizing Domestic Resources for Economic Development in Nigeria written by Fidelis O. Ogwumike and published by . This book was released on 1997 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Role of Money and Capital Markets in Economic Development by : Udo Udo-Aka
Download or read book The Role of Money and Capital Markets in Economic Development written by Udo Udo-Aka and published by . This book was released on 1970 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monthly Stock Returns and Volatility by : John Okey Onoh
Download or read book Monthly Stock Returns and Volatility written by John Okey Onoh and published by . This book was released on 2016 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fundamental role of stock market is to provide adequate guarantee to share holders for the existence of market for their second hand securities. Adequate knowledge about the volatility, performance and efficiency of stock returns remains vital and essential information to investors. These will guide not only investment decisions but also planning for economic growth and development. Given that the Nigerian Stock Exchange has existed, its ability to generate confidence is still in doubt given the recent crash witnessed in the market. It means the confidence the exchange is expected to in still in investors is still not commensurable. It was against the forgoing that this study examined the impact on stock market returns of liquidity and volatility in the Nigerian Stock market. The study adopted the ex-post facto research design and data were obtained from monthly reports of the Nigerian Stock Exchange from January, 2009 to December, 2015. The study used the Ordinary least square and ARCH/GARCH to test the hypotheses stated. The result from the hypotheses tested revealed that stock market returns measured by all shares index was positively and significantly impacted by liquidity measured by market capitalization value ratio and turnover ratio of the Nigerian Stock Exchange but was negatively and significantly impacted by volume of transaction ratio. The results also revealed that, there is a significant ARCH/GARCH (volatility) effect on stock market returns of the Nigerian Stock market. The study thus concludes that the Nigerian Stock Exchange should act to in still more confidence on investors. Thus, the study recommends amongst others that strategies need to be designed toward reaping abnormal returns by exploiting information and actions that enhance inefficiency in stock markets thus, firms and individuals should be encouraged to buy or sell securities outside their face values, as a means of encouraging business or economic activities in the economy.
Book Synopsis The Role of Securities Market in Encouraging Capital Formation for Economic Growth in Less Developed Countries by : Nkemakonam Chukwukaodinaka Okeke
Download or read book The Role of Securities Market in Encouraging Capital Formation for Economic Growth in Less Developed Countries written by Nkemakonam Chukwukaodinaka Okeke and published by . This book was released on 1992 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Stock Market; An Imperative for Economic Growth Case Study of Nigeria Stock Exchange by : Solomon oriaregbete
Download or read book The Stock Market; An Imperative for Economic Growth Case Study of Nigeria Stock Exchange written by Solomon oriaregbete and published by . This book was released on 2019 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examined the role of the stock market in Nigeria's economic growth. It aimed at finding out the relationship between stock market activities proxied by market capitalization (MCP), all share index (ASI) and value of new shares (VNS) on Nigeria's economic growth proxied by GDP. Data were collected from CBN Statistical Bulletin from 1985-2016. The regression analysis, ADF test, Cointegration Error correction model and granger causality were used to analysed the data. The regression analysis shows that ASI has positive but insignificant relationship with GDP. MCP has positive and significant relationship with GDP. VNS has negative and significant relationship with GDP. The ADF result shows that all the variables are stationary in order one. The co-integration result suggests that there were two cointegrating equations while the error correction model indicates a negative sign with F-cal having prob.value of 0.0006 hence there is long run relationship between capital market activities and Nigeria's GDP. The granger causality test shows that there is no granger causality relationship between GDP and ASI while VNS and MCP have unidirectional causality relationship with GDP. It concluded that the establishment of the stock market is one the best thing that has happened to the Nigerian economy. From the findings, it recommends the need for more reform to be carried out at the market to enhance its activities and financial intermediation functions. Furthermore, information on new shares should be promoted through the mass media to encourage buying by the public.
Book Synopsis Nigeria, the Capital Market as a Factor of Economic Development by : Olukonyinsola Ajayi
Download or read book Nigeria, the Capital Market as a Factor of Economic Development written by Olukonyinsola Ajayi and published by . This book was released on 1982 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt:
