Download Tag: CAPITAL MARKETS

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY A capital market is a complex institution comprising of regulators, facilitators, issuers and investors.  It is the mechanism through which long term funds for households, firms and government are polled and made available to various sectors of the economy, including transfer of instrument already outstanding.  The capital market on the other hand, deals with long term financial claims and obligations.  It provides ...

CHAPTER ONE INTRODUCTION 1.1     Background of Study The capital market is a highly specialized and organized financial market and indeed essential agent of economic growth and development because of its ability to facilitate and mobilize saving and investment. To a great extent, the positive relationship between capital accumulation and real economic growth has long been affirmed in economic theories (Anyanwu, 1996). Success in capital accumulation and mobilization for development varies ...