Acceso al sitio web del Consejo de Políticas de Infraestructura

   
Redirigiendo al acceso original de articulo en 15 segundos...
ARTÍCULO
TITULO

Impact of Macroeconomic Fundamentals on Firm Share Performance: Evidence from Nigeria

Michael Segun Ogunmuyiwa    

Resumen

                                                  AbstractThis paper examines the impact of macroeconomic indicators on the stock market by analyzing the relationship between macroeconomic fundamentals and performance of quoted firms? shares on the Nigeria Stock Exchange (NSE) market. A sample of fifty (50) quoted firms across eight (8) major sectors of the market was selected for the study. Both static and dynamic panel regression techniques were employed on monthly data sourced from the NSE and the Central Bank of Nigeria (CBN) between January 2007 (2007:1) and December 2013 (2013:12). Empirical findings reveal that varying impacts exist between the macroeconomic indicators and firm share returns. The study further asserts that inflation rate, interest rate, crude oil price and lagged values of firm share returns are the major significant macroeconomic fundamentals influencing firm share returns in Nigeria.Keywords: Macroeconomic Indicators, Firm Share Returns.

PÁGINAS
pp. 39 - 73
REVISTAS SIMILARES
Water
Computation
Information

 Artículos similares

       
 
Tetiana Momot, Svetlana Rodchenko     Pág. 34 - 43
The subject of the study is a set of criteria, measures and indicators for assessing the financial security of banks and methodological approaches to its evaluation. The purpose of this article is to systematize theoretical and methodological provisions ... ver más

 
Olumuyiwa Ganiyu Yinusa     Pág. 1 - 21
 This paper examines the impact of macroeconomic factors as determinants of capital structure choice of Nigerian firms based on the data of 115 Nigerian non-financial firms listed on the Nigerian Stock Exchange, for the period 1998-2012. The study e... ver más

 
Stanislaw Miecznikowski     Pág. 49 - 61
Efficient transport is an important determinant of the integration EU members. Created by the European commission TEN-T is to ensure the mobility of the citizens Community, as well as fast and safety trade. However, European transport infrastructure is c... ver más

 
Katarzyna Nowicka     Pág. 4070 - 4079
Sustainable mobility takes into account a broader approach than sustainable transport as it is a concept integrating realization of the needs of stakeholders by using remote access to the properties of desired goods and services. It realizes the need to ... ver más

 
      Pág. 59 - 89
This study examines the impact of financial liberalization on banking productivity growth in the Gulf Cooperation Council (GCC) countries during the period 1999-2007. Employing a non-parametric approach -Data Envelopment Analysis (DEA), productivity chan... ver más