2013
DOI: 10.11634/232907811301301
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Effects of Interest Rate and Debt on Equity Investment

Abstract: Equity investment is an important component of domestic investment and for over two decades Nigeria has witnessed volatility in the value of equity investment. The objectives of the study are to examine the effects of interest rate and domestic debt on private equity investment growth in Nigeria covering the 1987-2010 period as well as to determine if government borrowing crowds out private investment and borrowing. We used the co-integration technique to test the long run relationship among the variables and … Show more

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Cited by 6 publications
(5 citation statements)
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“…(3) balance of payment additions of Special Drawing Rights and monetary gold (Obudah & Tombofa, 2013).…”
Section: Conceptual Frameworkmentioning
confidence: 99%
“…(3) balance of payment additions of Special Drawing Rights and monetary gold (Obudah & Tombofa, 2013).…”
Section: Conceptual Frameworkmentioning
confidence: 99%
“…With respect to private investment and domestic debt in Nigeria, Obudah and Tombafa (2013) assessed the effect of interest rate and domestic debt on private equity investment growth in Nigeria covering the period 1987-2010. Co-integration technique, standard OLS and error correction methods were employed by the authors.…”
Section: Olasode Andmentioning
confidence: 99%
“…External, debt, is, termed, as, an, undesirable, significant, on, the, economic, growth, and, development, of, a, country,, for, instance, at, a, stage, when, the, debt, could, not, be, paid, let, alone, the, interest., The, debt, then, became, a, burden, to, the, country, thereby, bridging, economic, growth., Debt, servicing, reduces, funds, that, a, country, has, for, investment, purpose. It, is, the, agreed, interest, rate, paid, to, the, lend, In, like, manner,, balance, of, payments, simply, means, an, orderly, record, of, financial, transactions, of, a, nation, /, economy, for, a, specific, era, of, point, in, time,, typically, one, year,, between, residents, of, a, nation, and, non, residents, all, over, the, world., These, transactions, involve, goods, and, services,, changes, in, claims, of, the, liabilities, all, over, the, world,, the, prerequisite, and, accepting, of, authentic, assets, and, income., Especially,, the, records, transactions, of, balance, of, payments, on, goods, and, services, as, well, as, income,, ownership, change, as, well, as, added, changes, in, an, economy's, holdings, of, Special, Drawing, and, monetary, gold's, (Obudah,, and, Tombofa,, 2013). Atique, and, Malik, (2012), opined, that, some, countries, with, a, weak, balance, of, payments, position, will, eventually, experience, low, growth, in, the, economy, because, of, low, turnout, of, local, industries;, this, may, be, viewed, as, too, costly, from, a, political, or, social, point, of, view., They, stress, that, an, efficient, and, appropriate, administration, of, balance, of, payments, can, be, very, useful, to, all, developing, nations, in, a, way, to, make, sure, the, contentment, of, fundamental, needs,, general, resources, mobilization, and, to, ensure, permanent, and, equilibrium, of, payment, viability., Amassoma,, (2011), observed, that, nations, undergoing, problems, within, balance, of, payments, should, strictly, boost, local, production, , so, as, to, produce, for, exports, and, encourage, gradual, appreciation, of, her, currency, to, result, to, a, change, on, the, expenditure, problems., Ajayi, and, Oke,, (2012,, evaluate, the, effect, of, reduction, on, the, balance, of, payments, of, some, development, countries., ,…”
Section: 1 Conceptual Reviewmentioning
confidence: 99%