LIQUIDITY OF THE NIGERIAN STOCK MARKET AND THE NIGERIAN ECONOMY

Simple item page
dc.contributor.authorIbrahim, Aminu Murtala
dc.date.accessioned2023-12-11T13:06:17Z
dc.date.available2023-12-11T13:06:17Z
dc.date.issued2013-03-08
dc.description.abstractThis paper examines the Nigerian stock market liquidity and relationship between stock market liquidity Indicators and GDP in Nigeria, specially to find out how Nigerian stock market liquidity affects the economy. The study uses two stock market development indicators, namely stock market turnover ratio and stock market value traded ratio against real GDP. The results of this study show that all data set used in this are stationary and indicate long run relationship between the variables can be sustained. The regression result indicates that there is no significant relationship between stock market turnover ratio and the GDP when value traded ratio remained constant. The value traded ratio has no significant relationship with the GDP when turnover ratio constant. Therefore, it can be inferred that the both the two liquidity indicators have no significant relationship with the GDP. The findings of the study suggest the need for the implementation of effective regulations that can contribute to transparency, effectiveness of the Nigerian stock market activities and make the environment more enabling for investment. Also the infrastructure has to be improved for efficient trading activities. These will attract more international investors and also restore investors’ confidence.en_US
dc.identifier.citationBencivenga, V.R., and Smith, B.. and Starr, R.M., (1995). Equity Markets, Transaction Costs, and Capital Accumulation: An Illustration, The World Bank Economic Review, 10: 241-65. Bhide, C. (1993). The Hidden Costs of Stock Market Liquidity, Journal of Financial Economics, 34 (1): 1- Demirgug-Kurt, A. and Levine, R. (1996). Stock markets, corporate finance and economic growth: an overview, The World Bank Economic Review, 10 (2): 223-240. Demirgu9-Kurt, A. and Maksimovic V. (1996). Stock Market Development and the Financing Choices of Firms, World Bank Economic Review, 10: 341-369.en_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/2263
dc.language.isoenen_US
dc.publisherEnterpreneurship Department, Nasarawa State University, Keffien_US
dc.titleLIQUIDITY OF THE NIGERIAN STOCK MARKET AND THE NIGERIAN ECONOMYen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
LIQUIDTY OF THE NIGERIAN STOCK MARKET AND THE NIGERIAN .........pdf
Size:
752.5 KB
Format:
Adobe Portable Document Format
Description:
Article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download

Collections

Articles