Impact of Investment on Stock Market Development in Nigeria
研究了2001-2010年尼日利亚投资(以固定资本形成总额衡量)对股票市场发展(以市值衡量)的影响,发现投资有显著正向作用。
This paper empirically examined the impact of investment on stock market development in Nigeria from 2001-2010. Investment was proxy by gross fixed capital formation and stock market development proxy by market capitalization. The study employed Secondary data from Central Bank of Nigeria Statistical Bulletin. The study employed Ordinary least square regression (OLS) technique. The study revealed positive and significant impact on stock market development within the year covered. The government should therefore formulate some investor friendly policies that will attract more investment inflow into stock market.