International Journal of Business and Finance Management Research
ISSN: 2053-1842
Vol. 8(1), pp. 10-14 January 2020
doi.org/10.33500/ijbfmr.2020.08.002



National transparency and the performance of the financial market in Nigeria

Audu, Solomon Ibrahim

Department of Accounting and Finance, Caleb University, Lagos, Nigeria.

*To whom correspondence should be addressed. E-mail: majorsolo@gmail.com.

Received 28 October, 2019; Received in revised form 17 December, 2019; Accepted 20 December, 2019.

Abstract


Keywords:
Transparency, Accountability, Financial market, Market capitalization.

This study examined the effect of national transparency on the performance of financial market in Nigeria. Secondary data were obtained from a credible online source for a period spanning from 2009 to 2018. The data were analyzed using a simple regression model. The result obtained shows that that there is a positively high relationship between transparency and the financial market performance in Nigeria although transparency had a moderate effect on the performance of the financial market in Nigeria. It also showed that there was a significant effect of national transparency on the performance of the financial market in Nigeria. In conclusion, individuals are influenced also by the level to which they perceive transparency in Nigeria. It is recommended that the government strengthen their fight against corruption by strengthening anti-corruption agencies as well as review anti-corruption laws. In the same vein, the regulators of the financial market in Nigeria should ensure that best practices are found among firms actively engaged in the Nigerian financial market.

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