IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012
📄 Project Abstract
The study examined the impact of Macroeconomic variables on Stock returns in the Nigerian capital market. The study used time series data spanning a period from 2000 to 2012 and the domestic variables employed were Money supply, Exchange rate, Nigeria treasury bills rate, inflation rate, and US Stock price as a proxy for international influence on stock returns in Nigeria. The Augmented Dickey-Fuller and Philip-Perron tests were used to determine the stochastic properties of the series. Within the theoretical framework of the Arbitrage Pricing Theory, a stationary VAR model was estimated and used to analyze the short run impact of selected macroeconomic variables using data for the period. The results show that there was marginal influence of the domestic variables. Changes in the US Stock prices have a positive and quantitatively larger effect on stock returns. In addition, the effect of changes in the exchange rate contributes a high of 5.6 percent change in stock return which is lar...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
📚 Complete Project Structure
- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012
Full Citation:
Maryam Yusuf Aliyu. (). IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012. African and General Studies, 40, 14858.
Citation Formats:
APA
Maryam Yusuf Aliyu. (). IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012. African and General Studies, 40, 14858.
MLA
Maryam Yusuf Aliyu. "IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012." African and General Studies, vol. 40, , pp. 14858.
Chicago
Maryam Yusuf Aliyu. "IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012." African and General Studies 40 (): 14858.
Full Citation:
Maryam Yusuf Aliyu. (). IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012. African and General Studies, 40, 14858.
Citation Formats:
APA
Maryam Yusuf Aliyu. (). IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012. African and General Studies, 40, 14858.
MLA
Maryam Yusuf Aliyu. "IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012." African and General Studies, vol. 40, , pp. 14858.
Chicago
Maryam Yusuf Aliyu. "IMPACT OF MACROECONOMIC VARIABLES ON STOCK RETURNS IN NIGERIA 2000 - 2012." African and General Studies 40 (): 14858.
Document Details
| Author | Maryam Yusuf Aliyu |
|---|---|
| 📁 Field | Economics Project Topics |
| 🏷️ Type | Management and Business project topics |
| Pages | 77 Pages |
| Words | 17628 words |
| 📘 Chapters | 1 to 5 Chapters |