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Stock Market Performance Indicators and Standard of Living in Nigeria- Entrepreneurial Approach

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Stock Market Performance Indicators and Standard of Living in Nigeria- Entrepreneurial Approach


Akpunonu, Uju Evans | Obialor, Michael C. | Dim EthelMary O. | Egungwu, Ikenna

https://doi.org/10.31142/ijtsrd2379



Akpunonu, Uju Evans | Obialor, Michael C. | Dim EthelMary O. | Egungwu, Ikenna "Stock Market Performance Indicators and Standard of Living in Nigeria- Entrepreneurial Approach" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-5, August 2017, pp.941-949, URL: https://www.ijtsrd.com/papers/ijtsrd2379.pdf

The study examined stock market performance indicators and standard of living in Nigeria for the period of 1986 to 2014. The objectives of the study are to evaluate the contributions of stock market liquidity and new issues (primary) market on the standard of living in Nigeria. The study was structured around an expo facto research design on secondary data sourced from various issues of Central Bank of Nigeria (CBN) Statistical Bulletin, World Development Indicators (WDI), and Nigeria Stock Exchange Factbook. Two models were developed to test the two hypotheses formulated for the study. The models include, standard of living and stock market liquidity, standard of living and primary (new) issues market. Ordinary least square analysis (OLS) was used to test the hypotheses. The result revealed that stock market liquidity and primary (new) issues market have insignificant effect in improving standard of living in Nigeria The study concludes that in spite of the growth potentials of stock market in Nigeria, it has not contributed meaningfully to improvement of the standard of living of an average Nigerian. The study recommends among others that more intensified and stock liberalization is required such that will encourage more productive investment, resulting in financial deepening, economic growth and development and improved living standard of the citizens.

Stock market, Standard of living, Stock Market Liquidity, Primary (New) Issues Market and Entrepreneur


IJTSRD2379
Volume-1 | Issue-5, August 2017
941-949
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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