Capital Market Performance and Macroeconomic Dynamics in Nigeria

 0 Người đánh giá. Xếp hạng trung bình 0

Tác giả: Adeoba Adepoju Asaolu, Adekunle Alexander Balogun, Oladapo Fapetu, Segun Michael Ojo

Ngôn ngữ: eng

Ký hiệu phân loại: 372.9669 Historical, geographic, persons treatment of elementary education

Thông tin xuất bản: 2022

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 195545

Comment: pages 9, 2 figuresThe study examined the relationship between capital market performance and the macroeconomic dynamics in Nigeria, and it utilized secondary data spanning 1993 to 2020. The data was analyzed using vector error correction model (VECM) technology. The result revealed a significant long run relationship between capital market performance and macroeconomic dynamics in Nigeria. We observed long run causality running from the exchange rate, inflation, money supply, and unemployment rate to capital market performance indicator in Nigeria. The result supports the Arbitrage Pricing Theory (APT) proposition in the Nigerian context. The theory stipulates that the linear relationship between an asset expected returns and the macroeconomic factors whose dynamics affect the asset risk can forecast an asset's returns. In other words, the result of this study supports the proposition that the dynamics in the exchange rate, inflation, money supply, and unemployment rate influence the capital market performance. The study validates the recommendations of Arbitrage Pricing Theory (APT) in Nigeria.
Tạo bộ sưu tập với mã QR

THƯ VIỆN - TRƯỜNG ĐẠI HỌC CÔNG NGHỆ TP.HCM

ĐT: (028) 36225755 | Email: tt.thuvien@hutech.edu.vn

Copyright @2024 THƯ VIỆN HUTECH