Effect of Globalization on Growth and Development of Capital Market in Nigeria

Onyimba, Roseline Chizoba and Nwokediuko, Joachin N and Ewah, Evelyn Bassey (2019) Effect of Globalization on Growth and Development of Capital Market in Nigeria. International Academy Journal of Management, Marketing and Entrepreneurial Studies, 7 (2). pp. 21-32. ISSN 2382-7446

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In this paper, we investigated the likelihood that capital market development in the emerging market like Nigeria is affected by financial openness and visible trade relationship. The paper aimed to examine how the capital market responds in terms of the market size and the market liquidity proportion when financial openness and trade integration indicators are endogenously determine by FDI and Export/Import volume. The main finding is that capital market growth and development is positively affected by integration of the world economic activities. The result suggest that the regulators most especially in emerging market, should encourage more liberalization of the financial market as this will bring about an increase in investors, financial securities, dynamic and quality of financial products and as well as quality and uniformity in accounting standard.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 07 Oct 2020 12:07
Last Modified: 07 Oct 2020 12:07
URI: http://eprints.gouni.edu.ng/id/eprint/2744

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