Impact of stock market performance on the Nigerian economic growth Department:Banking and Finance By: Timmyreign101 Project ID: 8254 Rating: (5.0) votes: 1 Price:₦3000 Get the Complete MaterialAbstractThis study is motivated by the continued decline of the Nigerian economic growth rate, despite the liquidity and ease of entry and exit from the capital market for the needed funds or resources that can enhance investment and production. The capital market's role in economic development is to act as an intermediary between the surplus and deficit sectors. It also stimulates domestic investment needed to boost the level of economic growth in Nigeria. However, evidence has shown that the level of capital market development in Nigeria is strong enough to boost investment and economic growth, but the results from the existing studies vary, showing either positive or negative effects on economic growth. This therefore prompted the researcher to examine the effects of stock market performance on economic growth in Nigeria, spanning 1990 to 2021. The study discusses the model specification, sources of data, and methods of analysis. The model stated that GDP is a function of market capitalization, transaction value, new issues, and listed equities. The study uses secondary data extracted from the CBN Statistical Bulletin and is estimated using the autoregressive distributed lag technique. The study found that none of the capital market variables had a significant effect on economic growth. Also, it was found that only listed equities had a positive effect on economic growth, while other variables had negative effects on economic growth in the long run. The study concluded that the capital market has an insignificant impact on economic growth in Nigeria within the period under review. The study recommended among other things that the Nigerian capital market should be sanitized by removing bad apples from its leadership and operators. This would go a long way toward attracting more investors and boosting economic growth. Keywords Gross Domestic product, Market capitalization ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)