PROPOSAL
This project research study whose subject matter is on the role of
Nigerian stock exchange in industrial development is stated to be presented in
the normal fine chapter of a project work.
For a general insight and a fair understanding of the intended
course of action and various form of presentation evaluation and analysis of
data collection from successive interview questionnaires administration as well
as other source of data collection like news letters, security market journal
and business times. It is proposed to briefly run of short preview of the
expected contents of each chapter and preliminary pages of the enter work.
The work started with the preliminary page which include the title
page approval page, proposal, dedication, acknowledgment and table of
content.
The first chapter which fellows the preliminary page starts with
the general introduction. This means paging attention to the exposure of the
topic under research. Therefore a background of the study and statement of
problem will be use to achieve this aim. Also the objective and significance of
the study will be revealed along side with hypothetical statement and research
question. The chapter finally ends up with the disclosure of the scope
and limitation of the study.
Chapter two carries a general review of available relevant
literature hence books text book are the expected literature re-reviewed for
general searching and support of existing information about the stocks exchanges
.
Chapter there covers the research design and methodology. Here the
general features of the research procedure, development of research material
and treatment of data will be given therefore the modes and series of
tasks under taken to ensure a successful research and data collection
will form the basic discussion under this chapter.
The preservation and analysis of data from the main subject matter
of chapter four the data collected therefore are presented analyzed and
concluded upon.
The last chapter which is chapter fine will discuss the findings
of the research works. This will be followed by necessary conclusion and
recommendation. Also this project work will end with the information
which includes definition of terms. Bibliography, appendix and questionnaires.
Finally, therefore the research have decided to take up this study
on the role of Nigerian stock exchange in industrial development just because
of her interest on the benefit of the stock exchange and the effects it
has on the industry development.
ABSTRACT
The Nigerian stock exchange (NSE) has been created to serve
various function such as often of business guideline to top business management
concerning cost of capital for the Nigerian stock exchange provides avenues
for long term investment. These function credited to the stock exchange
is expected to create positive effect on the general business and industrial
growth of the country.
However, this research work is determined to evaluate the effect
of the stock. Exchange on the general business growth especially in
recent years. In carrying out the research work with the above aim in mind
efforts will be made to disclose relevant findings thus drawing necessary
solutions and recommendations to alleviate some anticipated problem on the
Nigerian stock exchange to be disclosed during the research work.
TABLE
OF CONTENTS
CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of study
1.3 Objective of study
1.4 Research question’
1.5 Hypothesis formulation
1.6 Significance of the study
1.7 Scope of the study
1.8 Limitation of
1.9 Definition of term
1.10 Reference
CHAPTER TWO
2.0 Literature
review
2.1 Evolution of the stock
exchange
2.2 Historical development of the Nigerian stock
2.3 General relationship of the stock exchange and
the economy
2.4 Advantage of the stock exchange as a source fund
to the industry
2.5 Functions of the stock exchange in influencing
the development parameters
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.0 Introduction to the study
3.1 Research design
3.2 Area of study
3.3 Population of the study
3.4 Sample size determination
3.5 Instrument for data collection
3.6 Validation of instrument
3.7 Reliability of the instrument
3.8 Method of data collection
3.9 Method of data analysis
3.10 Reference
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Presentation and analysis of data
4.2 Testing of hypothesis
4.3 Summary of result.
CHAPTER FIVE
DISCUSSION RECOMMENDATION AND
CONCLUSION
5.1 Discussion of result findings
5.2 Conclusion
5.3 Recommendation
5.4 Suggestion for further study
5.5 Bibliography
5.6 Appendix.
CHAPTER
ONE
1.0 INTRODUCTION
1.1
BNACKGROUND OF THE STUDY
Industrial growth forms the basis for industrial development is
not only needed for its ability to improve living standard. It also acts as a
weapon for building national strength and prestige. Therefore industrial
development implies the increase of industrial, expansion of quality and
quality of output and the institutionalization of industrial growth process. It
also involve technical activities of a own routine nature concerned with
translating research findings or other with translating research findings or
other scientific knowledge into products or process.
With the concept of investment as a central factor in the
acceleration of industrial growth and development and the prominence given to
industrialization, steps have the establishment of the Nigerian stock exchange
(NSE) the evolution of continued existence of the Nigeria stock exchange
has always been small lots of shares to e parceled into lumbs large
enough to be bought by institutions provide vast numbers of different
shares to be trades and providing a broad market in government securities
its economic significance depends on its ability to mop up financial capital
for investment purpose these include providing liquidity and enhancing these
marketability of new issues of stock thus reducing the real costs to business
firm by expanding the scope for obtaining fund.
Other functions of the stock exchange include the offer of
guidance to the business management in relation to the present cost of capital
so that the business man can determine his level of investment
appropriate to the firm. Access to the vast number of capital that
are in very small amount of money that in their aggregate have s commend over
vast quantities of wealth. It also make it possible for the transfer of funds
that imposes only a minimum of administrative efforts he lender. By this
activity the stock exchange is able to provide an avenue for long term
investment to be financed by funds provided by individuals many of whom to make
it available for a short term or with draw it at will.
The competitive nature of the stock exchange makes it possible to
allocate funds efficiently which is achieved by the market ability to available
companies securities in a manner based on the capitalized value of the
company’s expected future earnings.
Apparently, only if stock are valued in this way will funds be
provided most abundantly and at most reasonable terms to the most
promising innovation who accounting to the classical economic theory has the
greatest use for them and who is the one that can obtain the profits which will
serve as the investors rewards. And it in when shares are valued in relation to
the expected capitalized value of the firm that effective disciplinary
advice which punishes management whose operation are inefficient or
unprofitable.
Therefore a reliable rate which results from investment in new
factories, machinery, equipment and material to increase the physical
capital stock of the nation. The stock exchange market plays an important role
in propping up financial capital and provision of market for quoted stock so
as to chance the fulfillment of these economic growth parameters. This
investing so as to actualize the economic growth.
1.2
STATEMENT OF PROBLEM
The ignorance of the stock exchange has brought about how
participation of firm and individual engaging in the stock exchange and this
has also limited the availability of stocks and shares that could be
traded on the stock market. The stock market is faced with the problem of
valley in delivering and settlement of stock transaction.
For the fact that the number of quoted security is small and the
total capitalization is about 335 billion which is nothing when compared with
some companies abroad that have more than that amount of money as its capital
is not encouraging. And for the fact that the government is get to
privatize most of the companies in making the stock market not to have
financial strength.
Also affecting the market is the fact that most of the operators
ie the issuing, the stock brokers auditors etc. are not connected on line and
as a result of this information does not come handy. The worst of it all is the
political climate, which will not allow foreigners to invest in our securities
because of unforeseen circumstances.
1.3
OBJECTIVE OF THE STUDY
1. One of the
objectives is to examine the extent to which the Nigerian stock exchange
has helped in the growth and development of the industrial sector.
2. The stock
exchange has contributed positively to the industrial development of the
economy in providing market for quoted securities.
3. The role of
stock exchange to industrial development encourage firms and individuals to
invest in the stock exchange venture, the recommendations from this write up
can also help to as large extent to improve stock exchange and it show the
important of the stock market.
4. This research
work could also be guide to subsequent research work similar to this.
1.4
RESEARCH QUESTION
1. Why are stock
market facing the problem of delay in delivering and settlement of stock
transaction?
2. What cause low
participation in firm and individual engaging in the stock exchange?
3. How can our
political climate not allow foreigners to invest in our country?
4. Why do government delay to privatize most of the
companies in order to have financial strength in the stock market?
1.5
HYPOTHESIS FORMULATION
To facilitate the expansion of the claims on the stock exchange
role in industrial development these hypothesis have been formulated to know if
the Nigeria stock exchange has made positive contribution to the industrial
growth and development in Nigeria.
1.
H0: Quoted firm do not perform significantly
better then they did prior to such quotation
H0: Quoted firm do not perform significantly
better then they did prior to such quotation
2.
H0: There is no positive relationship between
operational efficiency and pricing of securities.
H0: There is no positive relationship between
operational efficiency and pricing of securities.
3.
H0: Increase in quotation does not lead to
increase in the investible fund.
H0: Increase in quotation does not lead to
increase in the investible fund.
1.6
SIGNIFICANCE OF THE STUDY
The role of stock exchange and a catalyst in the development of
the economy has not been a question of debtor. The stock exchange exist as a
sources of fund to the industrial development and also for the channeling
of personal savings stock into industrial place for trading company’s stock. It
also creates room for capital widening stock rather than deeping it. The
benefit of stock exchange quotation is the result of lower cost of capital when
raising fund through the market as stock exchange helps to allocate funds
between industries and also makes funds available to the most productive
industries which hence develop the nation.
1.7
SCOPE OF THE STUDY
The scope of this study covers only the role the stock exchange as
a marketing floor for quoted share and stock thereby providing liquidity for
the shares and stock helps in the moping of units of inevitable funds which on
the aggregate dorm large enough capital.
1.9
DEFINITION OF TERM
INDUSTRIAL DEVELOPMENT:
The increase of industrial expansion of quantity and quality of output in
industrial growth process.
STOCK:
The ability to mop-up financial capital for investment purpose.
Department | Business Administration and Management |
Project ID Code | BAM0163 |
Chapters | 5 Chapters |
No of Pages | 54 pages |
Methodology | Null |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2348039638328 |
Contact Us On | +2347026816414 |
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