Impact of Foreign Direct Investment on Stock Market Growth in Nigeria

Idenyi, Odo Stephen; Ifeyinwa, Anoke Charity; Obinna, Nwachukwu; Promise, E

doi:10.9734/arjass/2016/28573

Cited by 13 publications

(9 citation statements)

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“…Including supporting the research above, research from (Hailemariam & Guotai, 2014) results in that Foreign Direct Investment (FDI) has a positive and significant impact on economic growth and capital markets in China. However, not in line with previous research, research from (Idenyi et al, 2016) regarding the impact of foreign investment in the Nigerian stock…”

Section: Introductioncontrasting

confidence: 57%

Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

Rizqia¹,

Astuty²,

Subiyantoro³

2021

jeb

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The purpose of this study is 1.) To analyze the influence of foreign investment on the development of the Indonesian capital market. 2).To analyze the influence of the Exchange Rate on the Development of the Indonesian Capital Market. 3).To analyze the influence of the Interest Rate on the Development of the Indonesian Capital Market. 4).To analyze the influence of the Dow Jones Stock Market Index on the Development of the Indonesian Capital Market. 5).To analyze the influence of the Covid-19 Pandemic (dummy variable) on the Development of the Indonesian Capital Market.6). In this study, secondary data and library research were used as a technique for collecting data, using semi-annual data for the period 1990-2020. The research was processed using the EViews 11 program with the multiple linear regression method. The results of the research are known if 1.) Foreign Direct Investment has a significant and positive effect on Capital Market Development. 2.) Exchange Rates have a significant and positive influence on the Development of the Indonesian Capital Market. 3.) Interest Rates have a significant and negative effect on the Development of the Indonesian Capital Market. 4.) The Dow Jones Stock Market Index has a significant and positive effect on the Development of the Indonesian Capital Market. 5.) The Covid-19 pandemic had a significant and negative effect on the Development of the Indonesian Capital Market in the period 1990 to 2020. The results of this study are expected to contribute to policy holders regarding the role of macroeconomic variables on the development of the capital market, so that in the future it can be one of the references in conducting the policy mix so as to improve the development of the Indonesian capital market.

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Section: Introductioncontrasting

confidence: 57%

Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

Rizqia¹,

Astuty²,

Subiyantoro³

2021

jeb

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“…while the short-run estimates revealed that stock market development influenced FDI and portfolio investment. Idenyi et al (2016), employing a VECM and pairwise Granger causality test, revealed that for the period 1984 to 2015, FDI has an adverse effect on the growth of stock market both in the short and long-run while there was absence of causality between the variables. Onyeisi, Odo, and Anoke (2016) concluded that in the long-run, there is a significant effect of portfolio investment on stock market growth in Nigeria for the period 1986-2014.…”

Section: Theory and Review Of Literaturementioning

confidence: 99%

Private Capital Inflows and Stock Market Development: An Empirical Insight

Ikpesu

Abass

2022

IJBE

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Over the past years, countries have used private capital inflows to enhance and deepen the growth of their stock market. Using time-series data between 1981 to 2017, the study deployed the dynamic ordinary least square (DOLS) and Granger causality techniques to examine the effect of private capital inflows on stock market development and also the direction of causality. The study outcome revealed that FDI positively and significantly affects the development of stock market in the country. Besides, the study outcome also showed that portfolio investment has a positive link with the country stock market development. In addition, the study also showed that FDI Granger cause stock market development. Drawing from the outcome of the study, it is recommended that the government should continuously implement and improve policies that attract FDI into the country to enhance and deepen the nation’s stock market. Besides, the monetary policy needs to continuously improve policy on portfolio investment to tackle its inherent nature, which is volatile.

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“…Termasuk mendukung penelitian di atas, penelitian dari (Hailemariam & Guotai, 2014) hasilnya didapat bahwa Foreign Direct Investment( FDI) ataupun modal asing langsung pengaruhi positif serta penting pada perkembangan ekonomi serta pasar modal di Tiongkok. Akan tetapi, tidak sejalan dengan penelitian terdahulu, penelitian dari (Idenyi et al, 2016) mengenai dampak investasi asing di pasar saham Nigeria, didapat hasil bahwa investasi asing tidak mempengaruhi signifikan pada pertumbuhan pasar saham di Nigeria.…”

Section: Journal Economic and Strategy (Jes)unclassified

Pengaruh Modal Asing, Kurs, Inflasi, Suku Bunga Dan Indeks Saham Terhadap Kapitalisasi Pasar Modal Indonesia

Astuty¹,

Rizqia²

2021

J. E. strategy

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The goal of this research is to examine the impact of Foreign Investment, Exchange Rate, Inflation, Interest Rates, Stock Index on Indonesian Capital Market Capitalization. The research was processed using the SPSS 22 program with multiple linear regression. The data used uses two types of periods, namely the period 1990-2019 and the period 1990-2020 to see the differences due to the Covid-19 Pandemic in 2020. From the results of the research, it is known that Foreign Investment, Exchange Rate and Stock Index have a significant positive effect on Indonesia's Capital Market Capitalization. for both periods. Meanwhile, Interest Rates only had a negative effect in the period 1990-2020 and Inflation had no effect on both periods.

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Impact of Foreign Direct Investment on Stock Market Growth in Nigeria

Cited by 13 publications

References 0 publications

Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

Private Capital Inflows and Stock Market Development: An Empirical Insight

Pengaruh Modal Asing, Kurs, Inflasi, Suku Bunga Dan Indeks Saham Terhadap Kapitalisasi Pasar Modal Indonesia

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