Título: Evaluation of Effect of Global Economic Meltdown on Capital Market Performance
Autores: RAHMAN, ONAOLAPO ADEKUNLE
BOSEDE, OJEBIYI FLORENCE
AKINLOYE, OYEDARE OLUFEMI
Fecha: 2013-07-24
Publicador: International Journal of Business and Social Research
Fuente:
Tipo: info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

Tema:
Market capitalization; Economic meltdown ;Regression ;Time series data ;Share index
Descripción: The recent financial crisis that loomed the global economy was considered more inclusive than any other period of financial turmoil in the past 60 years. This paper evaluates the implications of the global economic meltdown on the Nigerian Capital Market Performance using the market capitalization of the Nigerian Stock Exchange as a major indicator. When the global economic meltdown came, it poses a recession on the Market Capitalization and the volume of share index of the Nation. This study depends entirely on secondary data in form of annual aggregate time series data of Market capitalization (dependent variable), exchange rate, interest rate, inflation rate, market share index with Dummy variable to represent the period of economic crisis. Ordinary least square of multiple regressions was used to analyze the data into econometric model while F-statistics was used to test for the formulated hypothesis. This study depicts that the global economic meltdown has a negative effect on the Capital Market Performance. It was therefore recommended that the Federal government and the regulatory agencies (CBN, NSE, SEC etc.) should come up with intervention and fiscal policies that will suppress these effects and jumpstart the capital market and that the policies should be properly implemented and monitored.
Idioma: Inglés

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