A Conceptual and Descriptive Approach to Capital Market Progression in a Developing Country: The Nigerian Perspective

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dc.contributor.authorOgbeide, S.
dc.contributor.authorAdedipe, O.
dc.contributor.authorObadeyi, J.
dc.contributor.authorOsawaru, F.
dc.date.accessioned2022-04-28T09:18:21Z
dc.date.available2022-04-28T09:18:21Z
dc.date.issued2022-03
dc.descriptionStaff publicationen_US
dc.description.abstractThis study undertook a conceptual and descriptive approach to capital market progression in Nigeria, beginning from 1985 to 2019 using number of listed securities (a proxy for market accessibility), market capitalization (a proxy for market size), All Share Index (a proxy of market efficiency) and market depth (a proxy of ratio of market capitalization to gross domestic product (GDP) in the reference period. The period analyzed was segmented into a five year period for effective descriptive reporting purposes. Findings from the study showed that the Nigerian capital market has progressed steadily in terms of market size, efficiency and depth but was retrogressive in terms of the number of listed firms in the reference period. From the analysis, the study recommends that capital market operators and regulators should do more in the areas of listing more securities by reducing the obstacle for listing, efficiency and especially the depth of the market (increase trading in the floor) for it to effectively and efficiently provide move fund from surplus sector to deficit sector.en_US
dc.identifier.citationOgbeide, S., Adedipe, O., Obadeyi, J. & Osawaru, F. (2022). A Conceptual and Descriptive Approach to Capital Market Progression in a Developing Country: The Nigerian Perspective. Journal of Academic Research in Economics, 14(1), 138-152.en_US
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/1349
dc.language.isoenen_US
dc.publisherJournal of Academic Research in Economicsen_US
dc.subjectCapital Marketen_US
dc.subjectAll share Indexen_US
dc.subjectMarket Capitalizationen_US
dc.subjectNumber of Listingen_US
dc.titleA Conceptual and Descriptive Approach to Capital Market Progression in a Developing Country: The Nigerian Perspectiveen_US
dc.typeArticleen_US
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