ABSTRACT
This study was carried out to determine the effect of stock market on capital formation in Nigeria. The variables included in the model were, Gross Fixed Capital Formation, value of share traded, interest rate, inflation rate, commercial bank investment indicator, and Stock Market Capital. Data were sourced from CBN statistical bulletin (2011). The study employed OLS technique to determine the effect of stock market on capital formation. The empirical finding shows that stock market capital, commercial bank investment indicator, inflation rate, interest rate, value of share traded and Gross Fixed Capital Formation. Based on the findings, the following recommendations were made. The total liberalization of the financial sector and encouragement of Nigerians to take advantage of the stock exchange.
TABLE OF CONTENTS
Title Page - - - - - - - - - i
Approval Page - - - - - - - - ii
Dedication - - - - - - - - iii
Acknowledgment - - - - - - - iv
Abstract - - - - - - - - - v
Table of Contents - - - - - - - vi
This study was carried out to determine the effect of stock market on capital formation in Nigeria. The variables included in the model were, Gross Fixed Capital Formation, value of share traded, interest rate, inflation rate, commercial bank investment indicator, and Stock Market Capital. Data were sourced from CBN statistical bulletin (2011). The study employed OLS technique to determine the effect of stock market on capital formation. The empirical finding shows that stock market capital, commercial bank investment indicator, inflation rate, interest rate, value of share traded and Gross Fixed Capital Formation. Based on the findings, the following recommendations were made. The total liberalization of the financial sector and encouragement of Nigerians to take advantage of the stock exchange.
TABLE OF CONTENTS
Title Page - - - - - - - - - i
Approval Page - - - - - - - - ii
Dedication - - - - - - - - iii
Acknowledgment - - - - - - - iv
Abstract - - - - - - - - - v
Table of Contents - - - - - - - vi
CHAPTER ONE
1.0 INTRODUCTION - - - - - - 1
1.1 Background of the Study -- - - - 1
1.2 Statement of the Problem - - - - - 5
1.3 Research Question - - - - - - 7
1.4 Research Objectives- - - - - - - 8
1.5 Research Hypothesis - - - - - - 9
1.6 Significance of the Study - - - - - 9
1.0 INTRODUCTION - - - - - - 1
1.1 Background of the Study -- - - - 1
1.2 Statement of the Problem - - - - - 5
1.3 Research Question - - - - - - 7
1.4 Research Objectives- - - - - - - 8
1.5 Research Hypothesis - - - - - - 9
1.6 Significance of the Study - - - - - 9
CHAPTER TWO
2.0 LITERATURE REVIEW - - - - - 11
2.1 Theoretical Framework - - - - - 19
2.2 Empirical Literature - - - - - - 30
2.3 Limitations of the Previous Studies - - - 33
2.0 LITERATURE REVIEW - - - - - 11
2.1 Theoretical Framework - - - - - 19
2.2 Empirical Literature - - - - - - 30
2.3 Limitations of the Previous Studies - - - 33
CHAPTER THREE: INTRODUCTION
3.0 RESEARCH METHODOLOGY - - - - 35
3.1 Model Specification - - - - - - 36
3.2 Estimation Procedure - - - - - 38
3.3 Evaluation Methods - - - - - - 39
3.3.1 Economic A Priori Test - - - - - 39
3.3.2 Evaluation Based on Statistical Criteria - - 39
3.3.3 Evaluation Based on Econometric Criteria - 41
3.4 Sources of Data - - - - - - 43
3.0 RESEARCH METHODOLOGY - - - - 35
3.1 Model Specification - - - - - - 36
3.2 Estimation Procedure - - - - - 38
3.3 Evaluation Methods - - - - - - 39
3.3.1 Economic A Priori Test - - - - - 39
3.3.2 Evaluation Based on Statistical Criteria - - 39
3.3.3 Evaluation Based on Econometric Criteria - 41
3.4 Sources of Data - - - - - - 43
CHAPTER FOUR
4.0 PRESENTATION AND ANALYSIS OF RESULTS 44
4.1 Presentation of Result - - - - - 44
4.2 Analysis of the Result - - - - - 45
4.2.1 Analysis of the Regression Coefficients - - 45
4.2.2 Analysis of the Evaluation Methods - - - 46
4.2.2.1 Evaluation Based on Economic Criteria - - 46
4.2.2.2 Evaluation Based on Statistical Criteria - - 47
4.2.2.3 Evaluation Based on Econometric Criteria - 49
4.3 Evaluation of the Research Hypothesis - - 52
4.0 PRESENTATION AND ANALYSIS OF RESULTS 44
4.1 Presentation of Result - - - - - 44
4.2 Analysis of the Result - - - - - 45
4.2.1 Analysis of the Regression Coefficients - - 45
4.2.2 Analysis of the Evaluation Methods - - - 46
4.2.2.1 Evaluation Based on Economic Criteria - - 46
4.2.2.2 Evaluation Based on Statistical Criteria - - 47
4.2.2.3 Evaluation Based on Econometric Criteria - 49
4.3 Evaluation of the Research Hypothesis - - 52
CHAPTER FIVE
5.0 SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1 Summary - - - - - -- - - 53
5.2 Recommendations - - - - - - 54
5.3 Conclusions - - - - - - - 55
BIBLIOGRAPHY - - - - - - 57
5.0 SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.1 Summary - - - - - -- - - 53
5.2 Recommendations - - - - - - 54
5.3 Conclusions - - - - - - - 55
BIBLIOGRAPHY - - - - - - 57
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2016, 02). The Role Of The Nigerian Stock Exchange On Capital Formation.. ProjectStoc.com. Retrieved 02, 2016, from https://projectstoc.com/read/7191/the-role-of-the-nigerian-stock-exchange-on-capital-formation-9345
"The Role Of The Nigerian Stock Exchange On Capital Formation." ProjectStoc.com. 02 2016. 2016. 02 2016 <https://projectstoc.com/read/7191/the-role-of-the-nigerian-stock-exchange-on-capital-formation-9345>.
"The Role Of The Nigerian Stock Exchange On Capital Formation.." ProjectStoc.com. ProjectStoc.com, 02 2016. Web. 02 2016. <https://projectstoc.com/read/7191/the-role-of-the-nigerian-stock-exchange-on-capital-formation-9345>.
"The Role Of The Nigerian Stock Exchange On Capital Formation.." ProjectStoc.com. 02, 2016. Accessed 02, 2016. https://projectstoc.com/read/7191/the-role-of-the-nigerian-stock-exchange-on-capital-formation-9345.
- Related Works
- The Economic Effect Of Unemployment On The Nigeria Economy (a Case Study Of Nnewi North L.g.a. In Anambra State)
- Causes And Effect Of Poverty And Injustice
- The Impact Of Tax Incentives On Economic And Industrial Development (a Case Study Of Board Of Internal Revenue Enugu State
- The Analysis Of The Impact Of Unemployment And Inflation On Balance Of Payment In Nigeria
- Effect Of Public Debt, Unemployment And Economic Growth In Nigeria
- The Role Of The Agricultural Sector As An Accelerator To Nigeria Economy
- The Role Of Banks In The Financing Of Export Trade In Nigeria
- The Economic Effect Of Fuel Scarcity In Nigeria (a Case Study Of Enugu Metropolis)
- Efficiency Of Pricing Decisions In Firms
- The Impact Of Public Spending On Poverty Reduction In Nigeria