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The study examines the effect of institutional quality on stock market performance. Causal research design was adopted and the sample of the study covers the period of twenty years spanning from 1996 to 2015. Secondary source of data were used and were analysed through Panel Vector Error Correction Mechanism. The study found that control of corruption and government effectiveness has negative effect while the regulatory quality has positive effect in the long run on stock market performance. In view of this, the study recommends that government effectiveness in terms of quality of policy…mehr

Produktbeschreibung
The study examines the effect of institutional quality on stock market performance. Causal research design was adopted and the sample of the study covers the period of twenty years spanning from 1996 to 2015. Secondary source of data were used and were analysed through Panel Vector Error Correction Mechanism. The study found that control of corruption and government effectiveness has negative effect while the regulatory quality has positive effect in the long run on stock market performance. In view of this, the study recommends that government effectiveness in terms of quality of policy formulation and implementation, and the credibility of the government's commitment to such policies should be flexible and maintained to promote stock market performance in African economies and this will send a good signal to the potential investors.
Autorenporträt
Yusuf Oyedeko - Department of Banking and Finance, Federal University Oye-Ekiti, Ekiti State.