Financial Deepening and Stock Market Development in Nigeria PDF Download
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Author: D. A. Omole
Publisher: Nigerian Institute of Social and Economic Research (NISER), University of Ibadan
ISBN:
Category : Capital market
Languages : en
Pages : 78
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Book Description
Author: D. A. Omole
Publisher: Nigerian Institute of Social and Economic Research (NISER), University of Ibadan
ISBN:
Category : Capital market
Languages : en
Pages : 78
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Book Description
Author: Dong He
Publisher: World Bank Publications
ISBN:
Category : Mercado de valores - Paises en desarrollo
Languages : en
Pages : 45
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Author: Uju Akpunonu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The study examined stock market performance indicators and standard of living in Nigeria for the period of 1986 to 2014. The objectives of the study are to evaluate the contributions of stock market liquidity and new issues (primary) market on the standard of living in Nigeria. The study was structured around an expo facto research design on secondary data sourced from various issues of Central Bank of Nigeria (CBN) Statistical Bulletin, World Development Indicators (WDI), and Nigeria Stock Exchange Factbook. Two models were developed to test the two hypotheses formulated for the study. The models include, standard of living and stock market liquidity, standard of living and primary (new) issues market. Ordinary least square analysis (OLS) was used to test the hypotheses. The result revealed that stock market liquidity and primary (new) issues market have insignificant effect in improving standard of living in Nigeria The study concludes that in spite of the growth potentials of stock market in Nigeria, it has not contributed meaningfully to improvement of the standard of living of an average Nigerian. The study recommends among others that more intensified and stock liberalization is required such that will encourage more productive investment, resulting in financial deepening, economic growth and development and improved living standard of the citizens.
Author: Oluwanishola Abiodun Okogun
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659171680
Category :
Languages : en
Pages : 72
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Book Description
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.
Author: Paschal Chikwado Nwakobi
Publisher:
ISBN:
Category :
Languages : en
Pages : 9
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Book Description
The influence of financial deepening on the economic growth of any nation cannot be underestimated. To this end, the study evaluated the effect of financial deepening on economic growth in Nigeria over a period of thirty three (33) years: 1986 to 2018. Data were collected from statistical bulletins of the Central Bank of Nigeria (CBN) and factbooks of the Nigerian Stock Exchange (NSE). The model estimation followed the Auto-regressive Distributive Lag (ARDL) approach with the effect estimated in line with the Granger Causality analysis. We found that economic growth in Nigeria is not affected by financial deepening. The study also stated that the level of growth in the economy is what influences the level of development in the banking sector. The implication is that the Central Bank of Nigeria and the Security and Exchange Commission (SEC) should formulate and implement policies geared toward the deepening of the banking sector and the capital markets to help in the efficient and effective mobilization of resources to accelerate the growth of the Nigerian economy. The insurance sector should not be left out in this regard even though citizens seem not to embrace the need for insurance policies. Impediments to the competition in the banking, insurance and capital market activities should be removed by strict legislation in line with international best practices and participants in the markets be protected as well.
Author: Ross Levine
Publisher: World Bank Publications
ISBN: 6101919153
Category : Aumentoa de la produccion
Languages : en
Pages : 32
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Book Description
Author: Osaruyi Erhabor
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 228
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Author: John J. Chizea
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659638893
Category :
Languages : en
Pages : 316
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Book Description
This book is concerned with the role of stock market development on economic growth within the Nigerian context. The author examines the long run causal relationship between the stock market development and economic growth. Essentially the study uses the endogenous growth theory as a basis of its theoretical foundation. The study uses one banking sector variable and three measures of stock market development over the period of 1980 - 2007 The author's findings from the study suggest that stock market development has impacted on economic growth in Nigeria. The study also finds evidence of a bi-directional relationship between stock market development and economic growth. The findings of the study support the view that stock market development and economic growth in Nigeria are complementary. The contribution of this study lies in the fact that it provides additional evidence on the ongoing debate of the impact stock markets have on the economic growth process within a specific country. This work will be of interest to people interested in stock markets, financial and economic development, time series analysis as well as African studies.
Author: Umar Bida Ndako
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
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Book Description
