Market Liquidity as a Determinant of Stock Market Development in Nigeria
Journal Title: International Journal of Empirical Finance - Year 2016, Vol 5, Issue 1
Abstract
The paper investigated if market liquidity determines stock market development in Nigeria. To analyze the impact of market liquidity, value of shares traded was modeled on stock market development. Empirical evidence from previous studies showed mixed results. However, this paper has been able to empirically prove that market liquidity is a strong determinant of stock market development in Nigeria Data for the period 2001 - 2010 were collected from Central Bank of Nigeria (CBN) statistical bulletin. Ordinary Least Square (OLS) regression model was used to analyze the data.
Authors and Affiliations
Ebele Sabina Nsofor
Keywords
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