COMPARATIVE ASSESSMENT OF VIABILITY OF STOCKS LISTED ON THE SECOND-TIER SECURITIES MARKET
COMPARATIVE ASSESSMENT OF VIABILITY OF STOCKS LISTED ON THE SECOND-TIER SECURITIES MARKET
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Date
1997-11
Authors
OBIEJE, CYPRIAN O.
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Abstract
The study - COMPARATIVE ASSESSMENT OF VIABILITY OF STOCKS
LISTED ON THE SECOND - TIER SECURITIES (SSM), is one of the comparative
analysis of potentialities of those securities classified under small to medium
enterprises in Nigeria - with the aim of provoking the Investors' attitude and interest
towards the available investment opportunities or otherwise.
Seven securities out of twenty quoted in the Fact Book of Nigerian Stock
Exchange (NSE) were selected. The study wished to carry out a comparative
assessment of their viability within the period spanning from 1991 to 1995. The
financial tools used were the financial ratios. The relevant test were carried out
using their past performances in the context of the Nigerian Economy. The
extrapolation of the trend of events/experiences of the securities was aimed at
stimulating the interest of internal and foreign investors towards SSM as well as to
guide their portfolio selection/decisions.
The result of this work showed that the securities were highly viable with
strong potentials particularly if their funding would be largely by equity than debt.
It is the opinion of this research findings that it becomes imperative to maintain
internally consisted and dynamic policy environment to promote investment
friendliness and to encourage domestic and foreign investment. In other words,
given a good economic condition and additional equity capital, the securities will
experience tremendous stable returns on investments and consequently enhance
national industrialization.
Description
A PROJECT SUBMITTED TO THE DEPARTMENT OF
BUSINESS ADMINISTRATION, AHMADU BELLO UNIVERSITY,
ZARIA, IN PARTIAL FULFILMENT FOR THE AWARD OF
MASTERS IN BUSINESS ADMINISTRATION (MBA)
NOVEMBER, 1997
Keywords
COMPARATIVE,, ASSESSMENT,, VIABILITY,, STOCKS,, SECOND-TIER,, SECURITIES,, MARKET.