Reference code: C073
ABSTRACT
This research project investigated the role of the capital market as a source of funding for public sector operations in Nigeria. In order to achieve the purpose of the research, two hypotheses were formulated and data was collected from primary sources through the issue 157 questionnaires to capital market stakeholder. Data collected was analyzed using simple regression analysis and Pearson Correlation coefficient. our findings revealed that: there is a positive and significant relationship between capital operations and public sector activities. This implies that as capital market operations increases, activities in the public sector are also expected to increase. This is a pointer to the critical role of the capital in any economy. The findings also showed a positive relation between public sector funding and activities of the capital market. With increased activities in capital operations, funding for the public sector is also expected to increase. given our findings, it was concluded that: The capital market is very important for the development of a vibrant public sector. We also conclude that the capital market is in a better position to provide for public sector funding than other sources. It was further recommended that: more public funding should be sourced through the capital markets where we occasionally have excess liquidity. Investing in the public sector would be a good way to handle such excess liquidity.
BACKGROUND TO THE STUDY
............ . In capital market, the stock in trade is money which could be raised through various instruments, under well governed rules and regulations, carefully administered and adhered to by different institutions or market operations. It is true that the rate of economic growth of any nation is inextricable linked to the sophistication of its financial market and specifically its capital market efficiency. Financial markets assist the nations of the world to muster needed financial resources and skills for growth and development. Equity markets in developing countries until the mid 1980’s generally suffered from the classical defeats of bank dominated economics that are shortage of equity capital, lack of liquidity, absence of foreign institutional investors, and lack of investor’s confidence in the stock market.
Financial market and its sub- unit, capital are constituted when ever participants, with the aid of infrastructures, technology and other devices to facilities the mobilization and channeling of funds into productive investment. The importance of capital market lies in its financial intermediation capacity to link the deficit sector with the surplus sector of economy. The absence of such capacity robs the economy of investment and production of goods and services for societal advancement. Funds could thereby be idle at one end, while being sought at the other end in pursuit of socio- economic growth and development.
The knowledge that capital market can make a wealthy nation and wealthy people is the concept and believe this paper portages. Universally capital markets are primarily created to provide avenues for effective mobilization of idle funds from surplus economic units and channeled into deficit until for long- term investment purpose. The supplies of funds are basically individuals and corporate bodies as funds are basically individuals and corporate bodies as government rarely supply funds to the market. The deficit units by contrast consist only of ............
TABLE OF CONTENTS
CHAPTER ONE:INTRODUCTION
1.1 OVERVIEW:
1.2 STATEMENT OF PROBLEMS:
1.3 PURPOSE OF THE STUDY:
1.4 SIGNIFICANCE OF THE STUDY:
1.5 LIMITATION OF THE STUDY:
1.6 RESEARCH QUESTIONS/ HYPOTHESIS:
1.7 HYPOTHESIS:
1.8 DEFINITION OF TERMS
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 INTRODUCTION
2.2.2 REVIEW OF RELATED LITERATURE:
2.2.3 WALL STREET–WHERE IT ALL BEGAN:
2.2.4 THE CONCEPT OF A STOCK EXCHANGE:
2.2.5 THE NIGERIA CAPITAL MARKET: THE ROLES OF CAPITAL MARKETS
2.7.6 NSE CRISIS THE ROOTS CAUSE:
2.2.7 MANIFESTATIONS OF THE CRISIS:
2.2.8 NSE CRISIS: RESPONSE AND MANAGEMENT:
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 INTRODUCTION
3.2 SAMPLING PROCEDURE/SAMPLE SIZE DETERMINATION
3.3 DATA COLLECTION METHOD:
3.4 NATURE AND ADMINISTRATION OF RESEARCHER INSTRUMENT:
3.5 THE METHOD OF DATA ANALYSES
CHAPTER FOUR
DATA PRESENTATION ANALYSIS AND DISCUSSION OF FINDINGS
4.1 DATA PRESENTATION :
4.2 ANALYSIS OF QUESTIONNAIRE:
4.3 HYPOTHESIS TESTING
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 INTRODUCTION
5.1 SUMMARY OF FINDINGS:
5.2 CONCLUSION
5.3 RECOMMENDATIONS
BIBLIOGRAPHY
APPENDIX II
QUESTIONNAIRE
Reference code: C073
Reference code: C073
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