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Growing Science » Accounting » Globalization and stock market performance in emerging economies: A study of market trends and dynamics in Nigeria

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Accounting

ISSN 2369-7407 (Online) - ISSN 2369-7393 (Print)
Quarterly Publication
Volume 12 Issue 1 pp. 69-76 , 2026

Globalization and stock market performance in emerging economies: A study of market trends and dynamics in Nigeria Pages 69-76 Right click to download the paper Download PDF

Authors: Otuya Sunday

DOI: 10.5267/j.ac.2025.8.001

Keywords: Globalisation, Foreign Direct Investment, Market Capitalisation, Stock Trading Volume

Abstract: The study investigates the impact of globalisation on stock market performance in Nigeria. We gathered secondary data from the Nigerian Exchange Group for the years 2016–2024 using an ex post-facto research design. Results show that market capitalisation, stock turnover ratio, and daily stock trading volume in Nigeria are significantly positively impacted by globalisation as measured by foreign direct investment (FDI). The study has several implications including that globalisation can enhance economic growth, promote trade and augment economic efficiency. We recommend that; policy makers and market regulators should facilitate increased participation in international financial markets by implementing policies that attract FDI and portfolio investments.

How to cite this paper
Sunday, O. (2026). Globalization and stock market performance in emerging economies: A study of market trends and dynamics in Nigeria.Accounting, 12(1), 69-76.

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Journal: Accounting | Year: 2026 | Volume: 12 | Issue: 1 | Views: 141 | Reviews: 0

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