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Stock Market Capitalization And Interest Rate In Nigeria A Time Series Analysis Pdf

stock market capitalization and interest rate in nigeria a time series analysis pdf

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STOCK MARKET CAPITALIZATION AND INTEREST RATE IN NIGERIA: A TIME SERIES ANALYSIS

This study examines the relationship between stock market capitalization rate and interest rate. Results showed that the prevailing interest rate exerts positive influence on stock market capitalization rate. Government development stock rate exerts negative influence on stock market capitalization rate and prevailing interest rate exerts negative influence on government development stock. It was therefore recommended that the operators of the Nigeria capital market should raise the level of awareness so that investors will be abreast with the happening in the market. It is a known fact that the investment that promote economic growth and development requires long-term funding, or longer than the duration for which most savers are willing to commit their funds. Capital market is a collection of financial institutions set up for the granting of medium and long term loans. Government securities corporate bonds are also traded here in the market, investors provides long-term funds in a bid to secure long term financial assets offered by borrowers.

Skip to search form Skip to main content You are currently offline. Some features of the site may not work correctly. DOI: Ologunde and D. Elumilade and T. Ologunde , D.

Posada, Campbell, John Y. John Y. Campbell, Campbell, John,

STOCK MARKET CAPITALIZATION AND INTEREST RATE IN NIGERIA: A TIME SERIES ANALYSIS

AJOL and the millions of African and international researchers who rely on our free services are deeply grateful for your contribution. Your donation is guaranteed to directly contribute to Africans sharing their research output with a global readership. Skip to main content Skip to main navigation menu Skip to site footer. In this case a lot depends on considerable control of the interest rate, the degree of freedom permitted the exchange in dealing with pricing of securities, strict maintenance of professional standards and other purposeful innovations. Please use the link above to donate via Paypal. AJOL is a non-profit, relying on your support.

Stock Market Capitalization and Interest. This study exam in es the relationships between stock market capitalization rate and. Stock Exchange NSE were analyzed us in g regression. Results showed that the prevail in g. The study further revealed in formation as very important to capital market development. Key words: Stock market capitalization rate, in terest rate. It is a known fact that the in vestment that promotes economic growth and development requires long.

Abstract Two critical factors of economic growth are stock exchange and interest rate. This paper investigates the long run relationship between stock market capitalization rate and interest rates in Turkey over the period Prior to conducting the analysis in a time series, in order to test the stability of the series, a unit root test was initially applied. It is determined that both stock market capitalization rate and interest rate series are not stationary. Long-run relationship is tested by Johansen Co-integration tests.

Stock Market Capitalization and Interest Rate in Nigeria - EuroJournals

Correspondence to: Olanrewaju S. This study empirically examined the impact of macroeconomic variables exchange rate, gross domestic product, inflation and interest rate on stock market prices in Nigeria using quarterly time series data covering the period ; 1 to ; 3. The econometric analysis began with pre-diagnostic test which is a pre-condition for estimating GARCH model testing for clustering volatility and ARCH effect in the residual. Properties of the time series variables were examined and tested for stationarity using the Augmented Dickey-Fuller ADF unit root test. The test revealed that all the variables; all share index, exchange rate, gross domestic product, inflation and interest rate were stationary at either level I 0 or at first difference I I.

Show all documents Since the securities value of housing is quite high, an increase in housing wealth opens up the borrowing constraints faced by households. An increase in the recognized lifetime assets induces households to spend more today, which will mean smooth consumption over the overall life cycle. Therefore, it will increase the demand for credit. Lastly, the value of bank capital will also have an impact on housing price movements on credit supply.

The paper examines the impact of interest rates on investment in Nigeria from to , using co-integration and vector error correction approach.

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