Foreign capital inflows and stock market performance in Africa - Mbaka, Blessing;Omorokunwa, Osazee Godwin
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The objective of this study is to determine the relationship between foreign capital inflows and stock market performance in selected African countries. The study used annual time series data from four African countries for the period 1990 to 2018. The Autoregressive distributed lag (ARDL) approach to cointegration relationship modeling was used in the empirical analysis. The findings of the study revealed that FDI and FPI have significant positive relationship with market capitalization rate among the countries in Africa. FDI and FPI have an insignificant relationship with stock market…mehr

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Produktbeschreibung
The objective of this study is to determine the relationship between foreign capital inflows and stock market performance in selected African countries. The study used annual time series data from four African countries for the period 1990 to 2018. The Autoregressive distributed lag (ARDL) approach to cointegration relationship modeling was used in the empirical analysis. The findings of the study revealed that FDI and FPI have significant positive relationship with market capitalization rate among the countries in Africa. FDI and FPI have an insignificant relationship with stock market volatility in African countries. FPI has significant negative relationship with bond market while FDI has a significant positive impact on the bonds market development among African countries. The study recommends that countries should devise effective policies and standards to effectively obtain more foreign capital into the market.
Autorenporträt
Blessing Mbaka obtuvo su maestría en finanzas en 2020 y su licenciatura en banca y finanzas en 2011 en la Universidad de Benín. El Dr. Osazee Godwin OMOROKUNWA es profesor titular del departamento de Banca y Finanzas de la Universidad de Benín, Nigeria, y ha publicado ampliamente en revistas especializadas en las áreas de Finanzas y Contabilidad.