TY  - JOUR
T1  - The Role of Stock Exchange Market Liberalization in Economic Development and Capital
Formation in Nigeria
AU - Onuoha, I.P. AU - Ogbaekirigwe, C.O. AU - Oko, R. AU - Edeogu, P.N. 
JO  - International Business Management
VL  - 14
IS  - 2
SP  - 78
EP  - 87
PY  - 2020
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2020.78.87
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2020.78.87
KW  - Capital formation
KW  -economic development
KW  -economic growth
KW  -Nigerian stock exchange market
KW  -capital market
KW  -expansion
AB  - This study examines the functions and the
expected role of the Nigerian stock exchange market
liberalization in economic development and capital
formation in Nigeria. It adopted a survey method of
analysis to show the relationship between the operations
of the stock exchange market and the level of capital
formation in economic development in Nigeria. The
objective of the study is to find out if the stock exchange
market liberalization plays a significant role in capital
formation and overall economic development of the
various sectors of the economy. It is observed that while
the stock exchange market in developed economies are
vibrant agents of development, the contributions of stock
exchange market in developing countries are described as
being a little above border line. Conclusions were reached
among other things that though the stock exchange market
liberalization plays a very important role in the economic
development of a nation the extent to which an exchange
market will be able to play this role depends on the state
of the economy. The study thus recommends an
expansion in the stock exchange market role in the capital
formation process through the liberalization process and
the implementation of investment policies of the
government, especially, those relating to foreign
investments should be made.
ER  -