文章基本信息

标题：THE ACCOUNTING IMPLICATIONS OF FISCAL AND MONETARY POLICIES ON THE DEVELOPMENT OF THE NIGERIAN STOCK MARKET: 1992-2011
本地全文：下载
作者：Charles Effiong ; Emmanuel Igbeng ; Arzizeh. Tiesieh Tapang 等
期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2012
卷号：3
期号：11
页码：83-98
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This research work is geared towards the investigation of the accounting implications of fiscal and monetary policies on the development of the Nigerian stock market. Government through various agencies issues fiscal and monetary policies which are assumed to be effective. However, it is the aim of this research to determine whether these policies have any significant impact on the Nigerian stock market. Descriptive analytical design compiled with the test of hypotheses was the method adopted by the researchers. Data were collected mainly from secondary records and using multiple regression analysis to analyze the data collected. However, from the analysis of data it was discovered that only a mixture of monetary and fiscal policy exerted a significant impact on the development of Nigerian stock market, monetary policy analyzed was found to have no significant impact on the development of the Nigerian stock market, while fiscal policy has a significant impact on the development of the Nigerian stock market. considering the period of 1992-2011. Since fiscal and monetary policy mix have significant impact on the development of the Nigerian stock market, government should endeavor to implement policies aimed at attracting more funds accessible to investors and market operators, so that the market expected role of funds channeling can be realized.
关键词：Efficient Market Hypothesis; Fiscal Policy; Minimum rediscounting rate; Monetary Policy; Stock Market