IIARD International Institute of Academic Research and Development

IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH (IJBFR )

E-ISSN 2695-1886
P-ISSN 2672-4979
VOL. 5 NO. 1 2019

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Capital Market and Its Performance on Industrial Sector Financing in Nigeria

Hycenth Owui

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Abstract

The Nigerian capital market has been playing a role in pricing mechanisms and therefore contributes to the growth of industrial sector. This study examined the impact of capital market indicators (industrial loan, equity, market capitalization) on industrial sector financing in Nigeria. The data were obtained mainly from Central Bank statistical Bulletin. and Nigerian stock Exchange fact book The work adopted ordinary least squares of multiple regression statistical technique Based on the analysis, the following findings were made; .there is a significant impact between industrial loan and the growth of industrial sector financing in Nigeria, there is a significant impact between market capitalization and the growth of industrial sector financing in Nigeria, there is no significant impact between equity and the growth of industrial sector financing in Nigeria. The study recommended that market capitalization should be looked in order to improve on the current share price and total number of stocks, the percentage ratio should be properly monitored during company’s investment. Finally government should properly guide the activities of companies that are quoted on stock

keywords:

Capital market, Industrial loan, Equity, market capitalization, Industrial sector

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