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Financial Deepening And Stock Market Development In Nigeria


Financial Deepening And Stock Market Development In Nigeria
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Financial Deepening And Stock Market Development In Nigeria


Financial Deepening And Stock Market Development In Nigeria
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Author : D. A. Omole
language : en
Publisher: Nigerian Institute of Social and Economic Research (NISER), University of Ibadan
Release Date : 1999

Financial Deepening And Stock Market Development In Nigeria written by D. A. Omole and has been published by Nigerian Institute of Social and Economic Research (NISER), University of Ibadan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Capital market categories.




Stock Market Development And Financial Deepening In Developing Countries


Stock Market Development And Financial Deepening In Developing Countries
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Author : Dong He
language : en
Publisher: World Bank Publications
Release Date : 1993

Stock Market Development And Financial Deepening In Developing Countries written by Dong He and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Mercado de valores - Paises en desarrollo categories.




Stock Market Performance Indicators And Standard Of Living In Nigeria Entrepreneurial Approach


Stock Market Performance Indicators And Standard Of Living In Nigeria Entrepreneurial Approach
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Author : Uju Akpunonu
language : en
Publisher:
Release Date : 2019

Stock Market Performance Indicators And Standard Of Living In Nigeria Entrepreneurial Approach written by Uju Akpunonu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.


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.



Stock Market Development And Economic Growth In Nigeria 1986 2006


Stock Market Development And Economic Growth In Nigeria 1986 2006
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Author : Oluwanishola Abiodun Okogun
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2012-07

Stock Market Development And Economic Growth In Nigeria 1986 2006 written by Oluwanishola Abiodun Okogun and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07 with categories.


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.



Stock Market Development And Long Run Growth


Stock Market Development And Long Run Growth
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Author : Ross Levine
language : en
Publisher: World Bank Publications
Release Date : 1996

Stock Market Development And Long Run Growth written by Ross Levine and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Aumentoa de la produccion categories.




Effect Of Financial Deepening On Economic Growth In Nigeria


Effect Of Financial Deepening On Economic Growth In Nigeria
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Author : Paschal Chikwado Nwakobi
language : en
Publisher:
Release Date : 2020

Effect Of Financial Deepening On Economic Growth In Nigeria written by Paschal Chikwado Nwakobi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.


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.



Financial Markets In Nigeria


Financial Markets In Nigeria
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Author : O. J. Nnanna
language : en
Publisher:
Release Date : 2004

Financial Markets In Nigeria written by O. J. Nnanna and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Capital market categories.




Nigerian Financial System


Nigerian Financial System
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Author : Osaruyi Erhabor
language : en
Publisher:
Release Date : 2001

Nigerian Financial System written by Osaruyi Erhabor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Banks and banking categories.




Nigeria Stock Market Development And Economic Growth


Nigeria Stock Market Development And Economic Growth
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Author : Victor Okonkwo
language : en
Publisher:
Release Date : 2017

Nigeria Stock Market Development And Economic Growth written by Victor Okonkwo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.


This study examined the impact of stock market development and economic growth; and also examined the direction of causality between stock market development and economic growth in Nigeria. This study applied Johansen co-integration model to evaluate the stock market development and economic growth and causal relationship using four measures of stock market development indices: market capitalization, number of deals, all share index and total value of market transaction. The study established the existence of co-integration for all the stock market development measures. Results obtained for all measures of stock market development indices point to the existence of a positive relationship between stock market development and economic growth except for market capitalization and total value of market transaction. The findings from pair-wise Granger Causality test suggest the existence of a unidirectional relationship between stock market development and economic growth. This entails that the state of development of the economy will determine the development and operations of the stock market. This study also reveals that there is correlation between stock market development and economic growth, via all share indexes, market capitalization, number of deals and total market transaction value. The Nigerian government should therefore create an enabling environment that would involve, amongst other things, putting in place key legislation to cover investment protection, friendly taxation policies and guaranteeing property rights, so as to stimulate investments. In addition, policies to enhance the trading of securities should be encouraged. In fact, the demutualisation of the Nigeria Stock Exchange needs fast-tracking measures. This has the potential of stimulating creation of financial instruments capable of deepen the operations of the Nigerian capital market and consequently improving liquidity.



Stock Market Development And Economic Growth In Nigeria


Stock Market Development And Economic Growth In Nigeria
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Author : John J. Chizea
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2014-11-25

Stock Market Development And Economic Growth In Nigeria written by John J. Chizea and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-25 with categories.


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.