| Autor: |
Segun Kamoru FAKUNMOJU, Ibrahim Bello ABDULLAHI, Isaac Olukayode FASOLA |
| Jazyk: |
angličtina |
| Rok vydání: |
2023 |
| Předmět: |
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| Zdroj: |
Malete Journal of Accounting and Finance, Vol 1, Iss 1 (2023) |
| Druh dokumentu: |
article |
| ISSN: |
2735-9603 |
| Popis: |
The nexus between stock return and macroeconomic indicators have been a debatable phenomenon for a long time. It has also be one of the major issues for domestic and foreign investors in building efficient and optimum stock portfolio in the capital market. However, the unstable macroeconomic indicators adversely affect the level of stock return in the Nigerian capital market. Against this background, this study investigates the effect of macroeconomic factors on stock return in the Nigerian capital market. The study employed secondary data obtained from Nigeria Stock Exchange (NSE) fact book and Central Bank of Nigeria (CBN) statistical bulletin within the period of 1998 to 2019. The data obtained was subjected to Autoregressive Distribution Lag (ARDL) method of analysis. Findings revealed that money supply and aggregate industrial production positively and significantly affect stock return with co-efficient and P-value at (β=0.466098, P |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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