Since 2014
Impact of Foreign Direct Investment (Fdi) On the Stock Market Performances in Nigeria (1985-2014)
Applied Finance and Accounting
View Archive Info| Field | Value | |
| Title |
Impact of Foreign Direct Investment (Fdi) On the Stock Market Performances in Nigeria (1985-2014)
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| Creator |
Cordelia Onyinyechi, Omodero
Ekwe, M.C. |
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| Description |
The study examined the impact of Foreign Direct Investment (FDI) on the stock market performances in Nigeria, from 1985 – 2014. The secondary data used were collected from IMF, International Financial Statistics (2015), CBN Statistical Books (2015). Multiple regression of least square estimation was the tool used to analyze the data in this study. In the model, the FDI was regressed on RGDP, Consumer Price Index, Real effective exchange rate, Money supply (M2), Share price index, Treasury bill, Nigerian stock exchange transactions. The study revealed that FDI has an insignificant and negative impact on the economy and the macroeconomic variables that determine the performances of the Nigerian stock market. The paper therefore recommends policies that would encourage foreign firms operating in the oil and gas including the telecommunication and agricultural sectors to be listed since it would go a long way in attracting more FDI, leading to improvement in the stock market performances.
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| Publisher |
Redfame publishing
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| Contributor |
—
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| Date |
2016-10-19
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/afa/article/view/1932
10.11114/afa.v3i1.1932 |
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| Source |
Applied Finance and Accounting; Vol 3, No 1 (2017); 36-48
2374-2429 2374-2410 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/afa/article/view/1932/2093
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