THE ROLE OF THE STOCK MARKET IN THE GROWTH OF THE NIGERIAN ECONOMY
ABSTRACT
This study is motivated primarily by the need to enhance capital accumulation from the stock market, being the long term end of the financial system. The efficiency of the stock market is measured using a number of well- known empirical tests. The results indicate that the stock market indeed contributes to economic growth as all variables conformed to expectations with R2 as 0.96 and adjusted R2 as 0.956. There is also considerable scope for potential gain to the Nigerian investor who is willing to diversify across industries. Expansion and efficiency of the Nigerian Stock Market would also be realizable if the recommendations in this project are considered.
TABLE OF CONTENTS
Certification ……………………………………………………………………………….i
Dedication ………………………………………………………………………………...ii
Acknowledgement ……………………………………………………………………….iii
List of Tables
Table of Contents ………………………………………………………………………...iv
Abstract …………………………………………………………………………………vii
CHAPTER ONE Introduction
- Background of the Study ……………………………………………………………
- Statement of the Problem ……………………………………………………………
- Scope of the Study ……...……………………………………………………
- Objectives of the Study ……………………..……………………………………
- Justification of the Study ……………………………………………………………
- Research Questions ……………………………………………………………
1.7 Research Hypothesis ………………………………………………
1.8Research Methodology ……………………………………………
- Sources of Data ……………………………………………………………
- Structure of the Study …………………………………
- Definition of Terms ……………………………………
CHAPTER TWO Literature Review
2.1 Introduction to Capital Market ……………………………………
2.2 Brief History of Nigerian Stock Market ……………………………
2.3 How to Get Listed on the Stock Market …………………………
2.4 Review of Development in the Nigerian Stock Market …………
2.5 Operations of the Nigerian Stock Market …………………………
2.6 Stock Market Legislations …………………………………………
2.7 Contribution of Stock Market to the Nigerian Economy ………
2.8 Importance of Stock Market to an Economy ……………………
2.9 Constituencies of Nigerian Stock Market ………………………
CHAPTER THREE Research Methodology
3.1 Introduction …………………………………………………………
3.2 Theoretical Framework ……………………………………………
3.3 Nature of Research Method ………………………………………
3.4 Research Design ……………………………………………………
3.4.1 Model Specification ………………………………………………
3.4.2. Data Sources……………………………………………………
CHAPTER FOUR Model Estimation and Results
4.1 Introduction …………………………………………………………
4.2 Presentation of Data ………………………………………………
4.3 Data Analysis and Results …………………………………………
4.4 Testing of Hypothesis and Discussion of Results ………………
CHAPTER FIVE Summary, Conclusion, and Recommendations
5.1 Summaries …………………………………………………………
5.2 Findings ………………………………………………………………
5.3 Recommendations …………………………………………………
5.4 Conclusions …………………………………………………………
5.4.1 Limitations of Study ………………………………………………
5.4.2 Suggestions for Further Studies ………………………………
Reference