Attitude of Youths Towards Investment in the Nigerian Stock Market
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Date
2004
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Publisher
Journal of Arid Zone Economy. Publication of Department of Business Administration, University of Maiduguri
Abstract
The importance of Nigerian Stock Market cannot be overemphasized. This is due to the fact that it assists in the allocation of the nation’s capital resources among numerous competing alternative uses, thus serving as an aid in financing industry. The problems of ignorance of the public, especially the youths as to the meaning of shares and stocks and benefits derivable from market operations are also an impediment to this market. The main objective of this study is to critically find out problems which have been affecting youth ‘s attitude towards investment in the Nigerian Stock Market. The methods of research employed for this work include both primary and secondary data. The primary source of data used was questionnaire while the secondary source of data used was literary works, textbooks and publications. Parametric statistical techniques, such as Spearman Rank Order Correlation and Z-test were used to evaluate the formulated hypothesis. The findings of this study revealed among other things that financial constraint contributed to the negative attitude of youths towards investment in the Nigerian Stock Market. On this note the study among other things recommended that good leadership, adequate dissemination of information and financial assistance from government would encourage the youth participation towards investment in Nigerian Stock Market. Moreover, members of the public especially the youths need to be educated and be informed on the advantages of investing in shares and stocks so as to improve the investment habit of the people.
Description
Adeoti J. O., Oladipo O. A. and Ahmed A. A. (2004) “Attitude of Youths Towards Investment in the Nigerian Stock Market”. Journal of Arid Zone Economy. Publication of Department of Business Administration, University of Maiduguri. Vol. 6(1): pp. 147-158.
Keywords
Attitude of Youths towards investment, Nigerian Stock Market