Stock Market Volatility, Melt Down and Investor Apathy: What Future for the Nigerian Stock Market?
Journal Title: Advances in Social Sciences Research Journal - Year 2017, Vol 4, Issue 25
Abstract
The world global financial crises in 2008 which impacted negatively on the Nigeria financial market in 2009 leading to severe financial assets impairment following a crash in the stock market prices as well as the current melt down have created a lot of doubts and apathy in the minds of investors and on their future behaviour towards the stock market. The purpose of this paper is to examine the factors responsible for stock market instability, bubbles, crash and melt down as well as the current apathy on the part of investors in the Nigerian stock market. The paper observes that stock market bubbles and crashes arise from market inefficiencies due sometimes to government misdirected macroeconomic policies, mispricing and misallocation of resources and the negative effects of globalization which expose some developing countries to the influence of economic and financial crises in various countries. The paper demystifies the theoretical fundamentals and behavioural factors that pollute the minds of investors leading to apathy. Finally the paper highlights policy implications and is concluded with recommendations on the way forward for the Nigerian stock market and Nigerian investors.
Authors and Affiliations
Mike Ozemhoka Asekome, John Abieyuwa Aihie
Keywords
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- EP ID EP331164
- DOI 10.14738/assrj.425.4060.
- Views 61
- Downloads 0
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