ABSTRACT
This research work
focuses on effect of Nigerian stock exchange on industrial development, the
study examined stock market economic growth nixies in the Nigerian
economy. It specifically investigated the effect and the causal
relationship between the two variables in Nigeria. The researcher conducted
some literature related works likes reference, research, design, this work was
designed to find out the extent in which Nigeria stock exchange helped in the
growth and development of individual sector.The method used in the
collection of data are primary and secondary method, in primary data collection
method of pernasl data, literature review, questionnaire and also secondary
data collection was used as an additional sources of data. The use of
literature related test like: book, journals, newspaper and other forms where
adopted as well. However, the research work is determined to evaluate the
effect of Nigerian stock exchange on the general findings over business growth
especially in recent years by using different types of foreign investors method
of bringing in more foreign currency into the economy. The following
recommendation in to alleviate some anticipated issue and weakness on Nigerian
stock exchange which adequate publicity should be given to Nigerian stock
exchange and the public educated on the activities of the Nigerian stock
exchange to induce more participation.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1. Background of the
study
2. Statement of the
Problems
3. Purpose of the
study
4. Research
Questions
5. Research Hypothesis
6. Significance of the
study
7. Scope of the
study
8. Definition of
Terms.
CHAPTER TWO
Review of Related
Literature
2.0 Evolution of the
Stock
Exchange
2.1 Evaluation of the
Stock Exchange
2.2
Historical Development of Stock Exchange
2.4 General relationship
of the stock exchange and the
economy.
2.4
Advantage of the stock exchange
2.5 Function of the
stock exchange in influencing the
development
parameters.
2.6
Industrialization
CHAPTER THREE
Research Design, and
Methodology
3.1 Research
Design
3.2 Area of the
Study
3.3 Population of the
study
3.4 Sample and Sampling
Procedure
3.5 Instrument of Data
Collection
3.6 Validation of the
Instrument
3.7 Reliability of
Instrument
3.8 Method of Data
Analysis
3.9 Method of Data Analysis
CHAPTER FOUR
PRESENTATION, ANALYSIS
AND INTERPRETATION OF DATA
4.1 Data Presentation
and
Analysis
4.2 Test of Hypothesis
4.3 Summary of Findings
(result)
CHAPTER FIVE
DISCUSSION OF FINDINGS,
RECOMMENDATION AND CONCLUSION
5.1 Discussion of
Result
5.2
Conclusions
5.3 Suggestion for further
Findings
5.4
Recommendations
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1. BACKGROUND 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 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 involves technical activities of own routine
nature concerned with translating research findings or after with translating
research findings or offer 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 Nigerian stock exchange has
always been small lots of shares to exparched into lumps large enough to be
bought by institutions provided vast number of different shares to be trades
and providing abroad market in government securities its economics significance
depends on its ability to mop up financial capital for investment
purposes these includes providing liquidity and enhancing these marketability
of new issues of stock thus reducing the real cost to business firm by
expanding the scope for obtaining fund.
Others function of the stock exchange included 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 commend over vast quantities of wealth. It also
make it possible for the transfer of funds that impose only a minimum of
administration efforts he lender. By this activity the stock exchange is able
to provide an avenue for long term investment to be financed by fund provided
by individuals many of who to make it available for a short time. Or with draw
it at will.
The competitive nature of the stock exchange makes it possible to aloft funds
efficiently which is achieved by the market ability to available 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 finds 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 points which will serve as the investors
rewards. And it is 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 result from investment to new factories
machinery, equipment and materials to increase the physical capital stock of
the nation. The stock exchange market plays an important role in propping up financial
capital and provision or market for quoted so as to chance the fulfillment of
these economic growth parameters. This investing so as to actualize the
economic growth.
1. STATEMENT OF THE PROBLEM
The ignorance of the
stock exchange has brought about how participation of firm an individual
engagement join the stock exchange and this has also limited the availability
of stock and shares that could be traded on the stock market.
The Nigerian stock exchange has been established and the substantial financial
resources available in the country, coupled with the existing institutions one
can claim that the entre spectrum of the capital market has not been
sufficiently active, especially when compared with the capital units of similar
or laser aged units in other developing countries.
The factors responsible
for this are identified to include.
1. High cost of transaction
2. Lack of transparency
3. Poor economic performance
4. Corruption
5. There is price fixing and over
valuation o f shares.
This study intends to
evaluate the performance of the effect of Nigerian stock exchange in terms of
its trading activities and determines the extent to which its contributes to
the capital formation process of the economy if at all there is causalities
between them.
1. PURPOSE OF THE STUDY
In general the study
hopes to take a close look at the effect of Nigerian stock exchange in
industrial development in other to:
1. Find out the extent in which Nigerian stock
exchange has helped in the growth and development in industrial sector.
2. Find out whether Nigerian stock exchange has
contributed to the industrial development.
3. find out if Nigerian stock exchange are facing
the problem oif delay in delivery and settlement in stock transaction.
4. Find out whether Nigerian stock exchange are
having a financial problem in transaction.
1. RESEARCH QUESTION
1. Why Nigerian stock exchange have not helped in
the growth and development in industrial sector.
2. Why Nigerian stock exchange have not contributed
in industrial development
3. Why Nigerian stock exchange market are facing
the problem of delay in delivery and settlement of stock transaction.
4. Why Nigeria stock exchange is having financial
problem in transaction.
1. RESEARCH HYPOTHESIS
Ho: Nigerian stock
exchange has helped in the growth
and development of
industrial sector.
Hi:
Nigerian stock exchange has not helped in the
growth and development
of industrial sector.
Ho: There are
contributions made in Nigerian stock
exchange in industrial
development.
Hi: There is no
contributions made in Nigerian stock
exchange in industrial
development.
Ho: There some problems
of delay in delivery in Nigeria
stock exchange in
industrial development
Hi: There is no problems
of delay in delivery in Nigeria
stock exchange in
industrial development
Ho: There are financial
problems facing Nigerian stock
exchange in transaction
Hi: There is no
financial problems facing Nigerian stock
exchange in transaction.
1. SIGNIFICANCE OF THE STUDY
The effect 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 saving stock
into industrial place for trading company’s stock. It also creates room for
capital widening stock rather than Deeping it. The benefits of stokc exchange
quotation is the result of lower cost of capital when raising funds through the
market as stock exchange helps to allocate funds between industries and also
makes funds available to the mostly procedure industries which hence develop
the nation.
1. SCOPE OF THE STUDY
the scope of this study
covers only the effect, 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 down large enough
capital.
1.9 DEFINITION OF TERMS
Industrial
Development: The increase of
industrial
expansion of quality and quantity 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 | BAM0384 |
Chapters | 5 Chapters |
No of Pages | 78 pages |
Methodology | Chi Square |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
|
|
Contact Us On | +2347043069458 |