TABLE OF CONTENTS
Cover page
Title
Declaration…………………………………………………………………………………………iii
Certification………………………………………………………………………………….iv
Dedication……………………………………………………………………………………………….v
Acknowledgement………………………………………………………………………………….iv
Table of Contents……………………………………………………………
Abstract…………………………………………………………………………………………
CHAPTER ONE: INTRODUCTION PAGES
1.1 Background of the study 1-3
1.2 Statement of the problem 4-5
1.3 Research question 6
1.4 Objective of the study 6
1.5 Hypothesis of the study 7
1.6 Justification for the study 7-10
1.7 Scope of the Study 8
1.8 Operational definition of terms 8
CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual Review 9-30
2.1.1 Conceptual Framework 31
2.2 Empirical Review 32-34
2.3 Theoretical Review 34-40
2.3.1 Theoretical Framework 41-42
vii.
CHAPTER THREE: METHODOLOGY
3.0 Introduction 43
3.1 Area of Study 43
3.2 Research Design 43
3.3 Population, Sample size and Sampling Techniques 43-44
3.4 Source of Data and Data Collection Method 44
3.5 Research Instruments 44
3.5.1 Reliability of Instrument and Validity of Instrument 45
3.6 Re-statement of Hypothesis 45
3.7 Method of Data Analysis 45-46
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
4.1 Data Presentation and Analysis 47-65
4.2 Test of Hypothesis 66-69
4.3 Discussion of Findings 69
CHAPTER FIVE: SUMMARY, CONCLUSION, AND RECOMMENDATION
5.1 Summary 70
5.2 Conclusion 71
5.3 Recommendations 71
5.4 Contribution to Knowledge 72
5.5 Limitations of the Study 72
5.6 Suggestion for Further Study 72
Reference 73-77
Appendices
ABSTRACT
The broad objective of this study is to examine macro economic factors and market value of quoted companies in Nigeria. To achieve this objective the variables used in this study were summarized and analyzed into various components using. Coefficient of multiple determinations”, assisted by the Statistical Package for Social Sciences (SPSS) in order to test the relationship between macroeconomic factors and market value. Base on the finding we concluded that value creation, measured by economic value added is a function of prior year economic value added and that macroeconomic variables such as inflation rates, interest rates, foreign exchange rates growth, capital expenditure ratio and the developments in the labour market are important macroeconomic factors to be improved upon if quoted companies are to optimally create economic value in Nigeria. Therefore, base on the findings we made recommendation that reasonable and sufficient level of liquidity (money supply) should be ensured by the monetary authorities in order to stimulate stock market performance (index). Also, the monetary authorities should take care in executing monetary policies particularly to affect movements in the stock market, because soft monetary policy to elevate stock prices in will lead to adverse results in the short run and aggressive diversification of the economy from its mono-cultural dependence on oil whose price is largely influenced by the vagaries of international oil market.
