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
Everyone uses the computer for one reason or the other....
ABSTRACT
This study evaluates African Union -United Nations Hybrid Operation in Darfur (UNAMID) from 2007-2016; with a view to determinin...
ABSTRACT
Both Airborne Magnetic and Radiometric dataset were employed to interpret the geology and geological structures that serve as ho...
ABSTRACT
The study basically examined the relationship between social problems in schools and academic performance o...
Background of the Study
Inventories are vital to the successful functioning of manufacturing and retail...
INTRODUCTION
In most countries, it has been accepted that democracy is the only system of
NEED FOR EFFECTIVE STORE ACCOUNTING IN AN ORGANIZATION
ABSTRACT
Organization may put the responsibility of store accountability on individual stock keeper or manager for the s...
ABSTRACT
It was in the year 1892 that banking activities first started in Nigeria with...
Abstract
This study or research on women empowerment in Nigerian politics is divided into five (5) chapters. The first c...
ABSTRACT
The relevance of SME-sub sector in Nigeria’s economy has necessitated the need for empirica...