دورية أكاديمية
FISCAL DEFICITS AND STOCK PRICES IN NIGERIA: AN EMPIRICAL EVIDENCE ; FISKALNI DEFICITI I CIJENE DIONICA U NIGERIJI: EMPIRIJSKI DOKAZI
| العنوان: | FISCAL DEFICITS AND STOCK PRICES IN NIGERIA: AN EMPIRICAL EVIDENCE ; FISKALNI DEFICITI I CIJENE DIONICA U NIGERIJI: EMPIRIJSKI DOKAZI |
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| المؤلفون: | Osahon, Igbinedion Sunday, Oriakhi, Dickson E. |
| المصدر: | Ekonomska misao i praksa ; ISSN 1330-1039 (Print) ; ISSN 1848-963X (Online) ; Volume 22 ; Issue 1 |
| بيانات النشر: | University of Dubrovnik |
| سنة النشر: | 2013 |
| المجموعة: | Hrčak - Portal of scientific journals of Croatia / Portal znanstvenih časopisa Republike Hrvatske |
| مصطلحات موضوعية: | Stocks, fiscal deficits, Nigeria, dionice, fiskalni deficit, Nigerija |
| الوصف: | This study investigates the effects of fiscal deficits on stock prices in Nigeria, utilizing vector auto-regression and error-correction mechanisms (ECM) techniques with annual time series data spanning 1984-2010. The results reveal, amongst others, that fiscal deficit is negatively related to stock prices. Therefore, to maintain a robust stock market, the authorities are expected to de-emphasize monetary financing of fiscal deficits in preference for bond-financing, since the former not only promotes the problems of inflation in the economy, but also depresses stock prices as well. Such efforts should be complemented by mounting more vigorous awareness campaigns to help sensitize and attract more investors into the stock market. ; U radu se istražuju utjecaji fiskalnih deficita na cijene dionica u Nigeriji koristeći tehnike vektorske auto-regresije i mehanizam korekcije odstupanja (ECM) uz godišnji niz podataka u razdoblju 1984-2010. Rezultati pokazuju, između ostalog, da se fiskalni deficit negativno odražava na cijene dionica. Stoga, kako bi se zadržala snažna burza dionica, od vlasti se očekuje da smanje monetarno financiranje fiskalnog deficita u korist financiranja dionica jer fiskalni deficit, ne samo da potiče probleme inflacije u gospodarstvu, već i smanjuje cijene dionica. Takvi napori trebali bi biti popraćeni intenzivnijim informativnim kampanjama kako bi se senzibilizirali i privukli investitori na burzu dionica. |
| نوع الوثيقة: | article in journal/newspaper |
| وصف الملف: | application/pdf |
| اللغة: | English |
| العلاقة: | https://hrcak.srce.hr/104538Test |
| الإتاحة: | https://hrcak.srce.hr/104538Test https://hrcak.srce.hr/file/153660Test |
| حقوق: | info:eu-repo/semantics/openAccess ; Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0Test/ that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. |
| رقم الانضمام: | edsbas.ECA0872E |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |