Globalization and Stock Market Growth in Nigeria

Globalization and Stock Market Growth in Nigeria

Content Structure of Globalization and Stock Market Growth in Nigeria

• The abstract contains the research problem, the objectives, methodology, results, and recommendations
• Chapter one of this thesis or project materials contains the background to the study, the research problem, the research questions, research objectives, research hypotheses, significance of the study, the scope of the study, organization of the study, and the operational definition of terms.
• Chapter two contains relevant literature on the issue under investigation. The chapter is divided into five parts which are the conceptual review, theoretical review, empirical review, conceptual framework, and gaps in research
• Chapter three contains the research design, study area, population, sample size and sampling technique, validity, reliability, source of data, operationalization of variables, research models, and data analysis method
• Chapter four contains the data analysis and the discussion of the findings
• Chapter five contains the summary of findings, conclusions, recommendations, contributions to knowledge, and recommendations for further studies.
• References: The references are in APA
• Questionnaire.

Abstract of Globalization and Stock Market Growth in Nigeria

The 21st century has seen rising globalization, which has led to growing interdependence of world economies and population, induced by cross-border trade in goods and services and flows of investment, people and information. Against this backdrop, the study empirically investigated the impact of globalization, represented by gross capital formation and trade volume, on stock market growth, proxied by market capitalization, between 1981 and 2018. The study utilized error correction modelling (ECM) for cause-effect estimation. The results revealed that the variables became stationary at first-order difference and a long-run relationship exists between trade, gross capital formation and stock market capitalization. Additionally, the results showed that a percent rise in gross capital formation and trade corresponds to 0.54 % and 0.26% increase in stock market capitalization, which implies that globalization positively impacted stock market growth within sampled period. The study recommended the need for a broad-based enlightenment about the operations of the capital market and prospects of equity investment for the investing public.

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