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Article Information:
An Analysis of the Impact of Global Financial Crisis on the Nigerian Stock Exchange
Z. Yakubu and A.O. Akerele
Corresponding Author: Z. Yakubu
Submitted: July 09, 2012
Accepted: July 31, 2012
Published: November 25, 2012 |
Abstract:
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The objective of this study is to analyze the impact of the global financial crisis on the Nigerian Stock Exchange from 2008 to 2011. Market Capitalization is the proxy of the Nigerian Stock Exchange while Capital Inflow and Foreign Exchange Rate are the proxy of global financial crisis on Nigerian Stock Exchange. Using the ordinary least square it was found that the global financial crisis has no significant effect on the Nigerian Stock Exchange. This means policy of regulators had deepened the recession on the Nigerian Stock Exchange. The government is therefore advised to put up measures to stem up investors’ confidence and activities in the market so that it could contribute significantly to the Nigerian economy.
Key words: Capital inflow, foreign exchange rate, global credit market, housing market, market capitalization, ,
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Cite this Reference:
Z. Yakubu and A.O. Akerele, . An Analysis of the Impact of Global Financial Crisis on the Nigerian Stock Exchange. Current Research Journal of Social Sciences, (6): 396-399.
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ISSN (Online): 2041-3246
ISSN (Print): 2041-3238 |
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