Every material on this site is authentic and was extracted from the complete available project. GET IT NOW
MS-WORD DOC | CHAPTERS: 1-5 | PAGES: 80 | PRICE: #5,000 ONLY
STOCK MARKET CAPITALIZATION AND FINANCIAL OPENNESS IN NIGERIA ECONOMY (2000 – 2013)
ABSTRACT
The purpose of the study is to determine the effect of stock market capitalization and financial openness in Nigerian economy. The descriptive research design was adopted in this study. Data were collected from secondary sources within the year 2000 – 2013, the sampling technique used was probability sampling techniques and, the correlation and regression method of analysis were used to test the relevant hypothesis. The findings revealed that Market Capitalization has significant relationship with Gross Domestic Product; also that financial openness has significant relationship with total asset, market capitalization and All Share Index. It was concluded that, the relationship signifies a vibrant economy open for huge investment in the stock market and investors are offered a greater opportunity for diversification. Also the market has the capacity to create wealth and provide long term capital needed for development. It was therefore recommended that, since Nigeria Stock exchange is highly volatile and since prospective investor relies on information that is concise, comprehensive, timely and not misleading. Continuation of intensive regulation should ensure timely release of information so as to lessen the capitalization effects of the market.
TABLE OF CONTENTS
Title Page i
Certification ii
Declaration iii
Dedication iv
Acknowledgements v
Abstract vi
Table of Contents vii
CHAPTER ONE: INTRODUCTION
- Overview of the Study 1
- Statement of the Problem 6
- Objectives of the Study 7
- Research Questions. 8
- Research Hypothesis 8
- Scope of the Study 9
- Significant of the Study. 10
- Limitation of the Study 10
- Definition of Major Terms 12
- Organization of the Study 13
- Summary 14
- References 14
CHAPTER TWO: REVIEW OF LITERATURE
2.0 Introduction 15
2.1 Conceptual Frameworks 17
2.1.1 Definition of Financial Openness. 17
2.1.2 History of Financial Liberalization: Emphasis on the Nigerian 19
Stock Exchange
2.1.3 Process of Financial Liberalization. 20
2.1.4 Reasons/Motivation for Financial Openness and Stock
Market Capitalization 22
2.1.5 Valuation of Stock Capitalization 25
2.1.6 Advantages of Stock Market Capitalization 27
2.1.7 Disadvantages of Stock Market Capitalization 28
2.2 Theoretical Framework of Capital Market 30
2.3 Empirical Framework of Stock Market Capitalization and Finance
Openness in Nigeria Economy 33
2.4 Summary 45
2.5 References 46
CHAPTER THREE
3.0 Research Methodology 48
3.1 Introduction to Research Methodology 48
3.2 Research Design 49
3.3 Population and Sample Size 49
3.4 Sampling Techniques 50
3.5 Method of Data Collection 51
3.6.1 Model Specified 51
3.7 Summary 52
3.8 References 53
CHAPTER FOUR
4.0 Data Presentation, Analysis and Test of Hypothesis 54
4.1 Introduction 54
4.2 Data Presentation 54
4.3 Data Analysis 58
4.4 Test of Hypothesis 63
4.5 Reference 67
CHAPTER FIVE
5.0 Discussion of Findings, Conclusion and Recommendations 69
5.1 Discussion of Findings 69
5.2 Conclusions 70
5.3 Recommendations 70
5.4 Area of Further Study 71
Bibliography 72