Impact of capital market performance on economic growth: An assessment from Nigeria

Umar, Bello

doi:10.31039/jgss.v3i11.88

Cited by 4 publications

(5 citation statements)

References 9 publications

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“…While recently, bibliographic databases have become leading providers of publication metadata for research assessment [9,20] and research grants performance and monitoring [29,30], our study implies that selecting the only one of these databases might produce misleading results. For example, a funding agency might evaluate their impact by analyzing the number of FAs in publications and over or underestimate the impact by selecting the wrong database.…”

Section: Discussionmentioning

confidence: 87%

Discrepancies among Scopus and Web of Science, coverage of funding information in medical journal articles: a follow-up study

Kokol

2023

jmla

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Objective: This follow-up study aims to determine if and how the coverage of funding information in Web of Science Core Collection (WoS) and Scopus changed from 2015 to 2021. Methods: The number of all funded articles published in 2021 was identified in WoS and Scopus bibliographic databases using bibliometric analysis on a sample of 52 prestigious medical journals. Results: The analysis of the number of funded articles with funding information showed statistically significant differences between Scopus and WoS due to substantial differences in the number of funded articles between some single journals. Conclusion: Due to significant differences in the number of funded articles indexed in WoS and Scopus, which might be attributed to the different protocols for handling funding data in WoS and Scopus, we would still advise using both databases to obtain and analyze funding information.

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Section: Discussionmentioning

confidence: 87%

Discrepancies among Scopus and Web of Science, coverage of funding information in medical journal articles: a follow-up study

Kokol

2023

jmla

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“…Liquidity for all securities issued by the government and different corporate entities is provided by the market. In this market, investors have the option to convert their cash holdings in securities into other securities for investing purposes or related goals (Odo, Anoke, Onyeisi, & Chukwu 2017).The secondary market is "a value for providing liquidity to investors," according to Umar (2022). On the six trading floors of the Nigerian Capital Exchange, licensed stockbrokers call out secondary market transactions in quoted securities.…”

Section: The Secondary Marketmentioning

confidence: 99%

“…The financial system's capital market is a crucial component that offers an effective means of distributing, managing, and allocating long-term capital (Umar, 2022;Yakubu, 2023). The longterm loan market is where they are transacted.…”

Section: Introductionmentioning

confidence: 99%

“…The primary aim of capital markets is to provide avenues for the effective allocation of idle funds from excess economic entities to underfunded entities for the purpose of long-term investment objectives. The real sector of economy, which comprises the oil and non-oil sectors, is what propels economic growth and prosperity, but availability of financing is a major factor in how well these sectors perform, which emphasizes the crucial role capital market plays, especially in Nigerian economy (Umar, 2022;Yakubu, 2023). Since the government rarely provides the market with money, private individuals and corporations make up the bulk of fund suppliers.…”

Section: Introductionmentioning

confidence: 99%

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The Effect of Capital Market on Industrial Development of Nigeria

Irejeh,

Markwe,

Okoro

2024

EJAAFR

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The study examined the effect of capital market on industrial development in Nigeria for the period of 33 years spanning from 1990-2022. The independent variable employed in study are; market capitalization (MCAP), Industrial loan (INDL), Total volume (TV) and GFCF (Gross fixed capital formation), and industrial development proxy Industrial Output (INDOPT). Data were collected from the CBN Statistical Bulletin and World Bank data for 1990-2022. Data set was described using descriptive statistics, correlation analysis ARDL with the help of E-VIEW version 9.0. The study concluded that MCAP, TV have significant relationship with INDOPT both on the short & long run respectively, meanwhile GFCF has significant relationship with INDOPT only on the long run. The study thereby recommends that positive impact of total volumes calls for proper policies to be implemented so as to attract more investors to invest in the market. There is also need to relax some stringent registration and operating procedures to enable more people and organizations to participate in the market. There is also need to institute policies that will further increase the value of market transaction in the market.

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“…Also, some existing studies have shown that exchange rate instability, high lending interest rate, as well as, hostility measures on border closure policies worsen the stock market integration Oprea and Stoica, 2018). Aside from this, research has shown that corporate investments can reduce the high levels of poverty that are impacting developing countries negatively by making household engages in productive activities through provision of employment opportunities that put individual household in better position to afford basic needs of life (Okafor et al, 2021;Umar, 2022). Given this, the present study critically appraises the effect of stock market integration on corporate investment in Nigeria from 1986-2022.…”

Section: Nejo Femi Michaelmentioning

confidence: 99%

Stock Market Integration and Corporate Investment in Nigeria: A Critical Analysis

NEJO, Femi MIchael

2023

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Low level of corporate investment in Nigeria coupled with poor financial base of a single stock exchange market system bring the need for the study to critically examined the effect of stock market integration on corporate investment in Nigeria from 1986 to 2022. The study adopted Augmented Dickey Fuller (ADF) unit root test and Auto-regressive Distributed Lag (ARDL). The data used for this study were collected from the Central Bank of Nigeria, Statistical Bulletin (2022). The ADF showed that the real exchange rate, lending interest rate, and trade openness were all integrated of order zero (∆ = 0); while, stock market integration and corporate investment were integrated of order one (∆ = 1). The ADF result showed that stock market integration exhibited a non-stability trend over the years, real exchange rate showed a negative sign but non-significant at 5%; while, lending interest rate and trade openness was negative and significant. The study concluded that stock market integration was volatile over the years which limited the rate of impacting corporate investment in Nigeria; while, lesser interest rate and trade liberation promote corporate investment. The study recommended that in order to fast ease stock market integration, which is crucial for economic progress, the Nigerian Exchange Group NGX should aim toward ensuring that each listed firm on the market have a strong market capitalization through encouraging different ownership structure to possess their respective stock value

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Impact of capital market performance on economic growth: An assessment from Nigeria

Cited by 4 publications

References 9 publications

Discrepancies among Scopus and Web of Science, coverage of funding information in medical journal articles: a follow-up study

Discrepancies among Scopus and Web of Science, coverage of funding information in medical journal articles: a follow-up study

The Effect of Capital Market on Industrial Development of Nigeria

Stock Market Integration and Corporate Investment in Nigeria: A Critical Analysis

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