Articles of K9

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UNDERSTANDING VOLATILITY IN NIGERIA’S STOCK MARKET THROUGH A FRACTAL LENS

By: Ifeoma Grace Nwankwo
Published: June 3, 2025
This study investigates the validity of the Fractal Market Hypothesis (FMH) within the Nigerian Stock Market (NSM) by employing the Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) model to analyze daily stock price data spanning 2015 to 2024. Unlike the Efficient Market Hypothesis (EMH), which assumes random, memoryless price movements driven...

EXPLORING STOCK MARKET BEHAVIOR IN NIGERIA THROUGH THE FRACTAL MARKET HYPOTHESIS

By: Chiamaka Judith Okoroafor
Published: June 3, 2025
The Efficient Market Hypothesis (EMH) has historically served as a foundational principle in financial economics, asserting that stock prices fully and immediately reflect all available information. Under this framework, it is presumed that no investor can consistently achieve above-average returns through market timing or stock selection. However, this long-standing theory...

EXAMINING THE LINK BETWEEN COMMERCIAL BANKING AND DOMESTIC CAPITAL FORMATION IN NIGERIA

By: Feng Jiali
Published: June 3, 2025
This study investigates the impact of commercial banks’ lending on domestic investment in Nigeria over the period 1990 to 2023. Employing an ex-post facto research design, the study utilizes secondary data obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin (2023). Domestic investment is proxied by gross fixed capital...

ENHANCING LECTURER DEVELOPMENT THROUGH SUPPORTIVE ACADEMIC WORK ENVIRONMENTS IN NIGERIA

By: Chidinma Rose Ene , Grace Ifunanya Otu
Published: June 3, 2025
This study examined strategies for fostering institutional workplace environments that support the sustainable academic advancement of university lecturers, with a particular focus on business education lecturers. The motivation for the study stemmed from the increasing need to promote the professional development of academic staff in order to enhance job performance...