ABSTRACT
This study was motivated by the growing concern on the impact of Institutional Quality on economic outcomes. The study focused specifically on the Nigerian Stock Market due to its critical role in the economy as a vehicle for efficient resource allocation. The Autoregressive Distributed Lag (ARDL) bounds testing procedure is employed using data from 1985 to 2012. The study used the ARDL model to ascertain the long-run impact of institutional quality on stock market development in Nigeria. The results from Empirical analysis of level of corruption, democratic accountability and bureaucratic quality exert significant impacts on stock market development as measured by market capitalisation ratio. Also, Banking sector development and stock market liquidity contribute significantly to stock market development. Moreover, a unidirectional causality runs from institutional quality to stock market development. The study therefore, recommends that the fight against corruption should be intensified while the market administrative and regulatory qualities should be enhanced for a sustainable stock market development in Nigeria.
ABSTRACT
With the global trend towards an increasing aging population, there is a corresponding increas...
ABSTRACT
This study investigates the relationship between financial statements and bank performance in Nigeria- A case study of zenith ba...
Background of the Study
The last two decades of the twentieth century saw the creation of a completely new global market...
Statement of Problem
It would be difficult to imagine how modern life across the globe would operate in theabsence of synthetic polymers....
ABSTRACT
The research work; the impact of social media on cosumer buying behaviour of Toyota brand of v...
ABSTRACT
A lot has been said about the rising of rural urban migration in recent years. This phenomenon has attracted th...
ABSTRACT
In Nigeria, the banking sector is an important part of the financial system, the banking sector dominate the N...
ABSTRACT
About half of Nigerian population experience at least one episode of malaria per year, resulting in high morbidity and mortality...
ABSTRACT
The border relations between Nigeria and Cameroon remains an issue that gives all concerned a task to ponder. It is however clea...
ABSTRACT
This study examined the contributions of the latest communication office equipment to job efficiency of the secretary in Nig...