IMPACT OF OIL PRICE VOLATILITY ON THE NUMBER OF DEALS IN THE CAPITAL MARKETS OF SUB – SAHARA AFRICAN COUNTRIES

Agbo, Elias Igwebuike (2020) IMPACT OF OIL PRICE VOLATILITY ON THE NUMBER OF DEALS IN THE CAPITAL MARKETS OF SUB – SAHARA AFRICAN COUNTRIES. European Journal of Accounting, Finance and Investment, 6 (1). pp. 12-30. ISSN 3466 – 7037

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PUBLISHED PAPER ON EFFECT OF OIL PRICE VOLATILITY ON THE NUMBER OF DEALSNOF THE CAPITAL MARKETSW OF SUB-SAHARA AFRICAN COUNTIES.pdf
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Abstract

This study investigated the effect of oil price volatility on the number of deals in the capital markets of subSahara African countries. Nigerian capital market was used as a case study. Monthly frequency data were employed and the paper covered the period from January1997 to December 2016. The EGARCH [1,1] methodology was used for data analysis .Average monthly exhange rates and inflation rates were introduced as control variables.The results of the study suggest that oil price volatility has a positive and weak effect on the number of deals in the Nigerian capital market. The study advises market participants to target oil price movements as an important instrument for predicting the volatility of stock market returns in developing nations.

Item Type: Article
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 05 Feb 2020 12:18
Last Modified: 05 Feb 2020 12:20
URI: http://eprints.gouni.edu.ng/id/eprint/2520

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