ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA
Development in global space and Government interference in the day-to-day economic activities as well as stock market forces are responsible for steady spread of economic policies uncertainty (EPU) around the world. Even though uncertainty policies disturb sectors, economic agents respond to this un...
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| Format: | Article |
| Language: | English |
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Publishing House of Rzeszow University of Technology
2024-12-01
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| Series: | Modern Management Review |
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| Online Access: | https://journals.prz.edu.pl/mmr/article/view/1789 |
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| _version_ | 1841545065557655552 |
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| author | Segun Kamoru FAKUNMOJU |
| author_facet | Segun Kamoru FAKUNMOJU |
| author_sort | Segun Kamoru FAKUNMOJU |
| collection | DOAJ |
| description | Development in global space and Government interference in the day-to-day economic activities as well as stock market forces are responsible for steady spread of economic policies uncertainty (EPU) around the world. Even though uncertainty policies disturb sectors, economic agents respond to this uncertainty policies in different manners, specifically when provoked with an unforeseen shock. In light of this, the aim of the study focused on link between EPU and stock market development proxied with stock traded volume in Nigeria. Expost facto research design and quarterly data were employed within data scope year of 2010 to 2023. Finding revealed that economic uncertainty index, money supply, interest rate, crude oil prices significantly affect stock trade volume used as proxied for stock market development. Thus, the study concluded that domestic stock investors should diversified across sectors so as to lessen quantum of risk exposure from unpredictable macroeconomic policies from money supply, interest rate, crude oil prices in Nigeria. |
| format | Article |
| id | doaj-art-92244652854346eea6479b34990fa0bd |
| institution | Kabale University |
| issn | 2300-6366 2353-0758 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Publishing House of Rzeszow University of Technology |
| record_format | Article |
| series | Modern Management Review |
| spelling | doaj-art-92244652854346eea6479b34990fa0bd2025-01-12T11:27:17ZengPublishing House of Rzeszow University of TechnologyModern Management Review2300-63662353-07582024-12-01294294210.7862/rz.2024.mmr.181789ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIASegun Kamoru FAKUNMOJU0Lagos State University, OjoDevelopment in global space and Government interference in the day-to-day economic activities as well as stock market forces are responsible for steady spread of economic policies uncertainty (EPU) around the world. Even though uncertainty policies disturb sectors, economic agents respond to this uncertainty policies in different manners, specifically when provoked with an unforeseen shock. In light of this, the aim of the study focused on link between EPU and stock market development proxied with stock traded volume in Nigeria. Expost facto research design and quarterly data were employed within data scope year of 2010 to 2023. Finding revealed that economic uncertainty index, money supply, interest rate, crude oil prices significantly affect stock trade volume used as proxied for stock market development. Thus, the study concluded that domestic stock investors should diversified across sectors so as to lessen quantum of risk exposure from unpredictable macroeconomic policies from money supply, interest rate, crude oil prices in Nigeria.https://journals.prz.edu.pl/mmr/article/view/1789crude oil pricesinterest ratemoney supplystock market developmentuncertainty index |
| spellingShingle | Segun Kamoru FAKUNMOJU ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA Modern Management Review crude oil prices interest rate money supply stock market development uncertainty index |
| title | ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA |
| title_full | ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA |
| title_fullStr | ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA |
| title_full_unstemmed | ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA |
| title_short | ECONOMIC POLICY UNCERTAINTY AND STOCK MARKET DEVELOPMENT IN NIGERIA |
| title_sort | economic policy uncertainty and stock market development in nigeria |
| topic | crude oil prices interest rate money supply stock market development uncertainty index |
| url | https://journals.prz.edu.pl/mmr/article/view/1789 |
| work_keys_str_mv | AT segunkamorufakunmoju economicpolicyuncertaintyandstockmarketdevelopmentinnigeria |