Acceso al sitio web del Consejo de Políticas de Infraestructura

   
Redirigiendo al acceso original de articulo en 17 segundos...
ARTÍCULO
TITULO

Stock Market Response to Economic Growth and Interest Rate Volatility: Evidence from Nigeria

Babajide Abiola Ayopo    
Lawal Adedoyin Isola    
Somoye Russel Olukayode    

Resumen

This study examined the relationship between macroeconomic variable volatility and stock market return within the context of Blanchard (1981) extension of the Hicks (1937) IS-LM hypothesis, using EGARCH estimation techniques to analysis monthly data sourced on the Nigerian economy from January 1985 to December 2013. Our result shows that stock prices responds significantly to innovations in the interest rate and the RGDP, we therefore recommends that policy makers on the one hand should consider volatility in both  the interest rate and the RGDP when making policies aimed at enhancing stock market development. On the other hand, market practitioners are expected to make provisions for volatility in interest rate and the RGDP when making portfolio decisions.Keywords: Interest rate, Real Gross Domestic Product, All Share Price, Volatility, EGARCHJEL Classifications: C22, G01, G14, G15

PÁGINAS
pp. 354 - 360
MATERIAS
ECONOMÍA

 Artículos similares

       
 
Antonio Jaramillo Dayag, Fernando L. Trinidad, Dr.     Pág. 51 - 57
Universal banks combine commercial loan services and public deposit functions with investment, and other services such as home and auto financing, mutual funds, pension and insurance to name a few. The importance of universal banks have been recognized i... ver más

 
C. José García Martín, Begoña Herrero Piqueras, Ana María Ibañez Escribano     Pág. pp. 233 - 263
This study investigates the informational role of thin options markets, specifically the Spanish options market. Firstly, we examine the effect of options markets by analysing stock market reaction to earnings news, conditional on the availability of opt... ver más

 
Tarek Eldomiaty, Islam Azzam, Mostafa Fouad and Yasmeen Said    
The progress of financial markets depends on the way world investors foresee the market potential of the country of choice. Countries that are associated with favorable economic incentives are able to motivate investments in their respective stock market... ver más

 
Mosab I. Tabash, Neenu Chalissery, T. Mohamed Nishad and Mujeeb Saif Mohsen Al-Absy    
Market turbulences and their impact on the financial market, particularly on the stock market, is a financial topic that has received significant research attention recently. This study compared the characteristics of stock return and volatility in selec... ver más

 
Okechukwu Enyeribe Njoku and Younghwan Lee    
This study investigates the relationship between dividend policy, firm performance, and value within the Korean market, taking into account the unique context of Chaebol ownership structures. Utilizing a robust dataset of 5478 observations from the Korea... ver más