期刊名称：Asian Journal of Business and Management Sciences
电子版ISSN：2047-2528
出版年度：2012
卷号：1
期号：08
页码：44-52
出版社：Society for Business Research Promotion
摘要：This study investigated the effect of financial reform on capital market development in Nigeria over the period 1986 to 2010. The study used Ordinary Least Square (OLS) technique to estimate the empirical models of the study. The impact of the capital market reform introduced in 1995 on capital market development was assessed using the Chow-Breaking -point Test. The result revealed that the financial reform of 1995 impacted significantly on the capital market development in Nigeria. However, findings revealed that the variables that represented the development of the banking sector, the activities of the Central Bank and other financial institutions interacted negatively with market capitalization which implies that the activities of those institutions deterred the development of the capital market. Full Text
