Effect of short selling on risk and return in Nigerian stock market
المؤلفون المشاركون
Olatunji Oyedekoa, Yusuf
Gbadebo, Abraham Oketooyin
المصدر
Algerian Journal of Economic Performance
العدد
المجلد 7، العدد 1 (31 ديسمبر/كانون الأول 2022)، ص ص. 162-182، 21ص.
الناشر
تاريخ النشر
2022-12-31
دولة النشر
الجزائر
عدد الصفحات
21
التخصصات الرئيسية
الموضوعات
الملخص EN
The study looked at the effect of short selling on risk and return in the Nigerian stock market.
Purposive sampling was employed throughout the study period 2005 to 2020 to determine the sample size for the stocks of 113 companies' stock.
The monthly stock prices, market index, risk-free rate, ownership shareholdings, market capitalization, book value of equity, earnings before interest and taxes, and total assets were the data used in this study.
The sub-sample period, 2005– 2008, 2009– 2012, 2013– 2016, and 2017– 2020, were covered by the study.
The data was extracted from the Nigerian Group of Exchange (NGX) website, the Central Bank of Nigeria (CBN) website, and the Standard and Poor (S&P) database.
The Fama-MacBeth two-step regression method was employed.
It was found that the short selling strategy has a negative and insignificant effect on returns in the Nigerian stock market.
On the other hand, it has been documented that short selling has a negative but significant effect on risk in the Nigerian stock market.
The study concluded that short-selling strategies could be used as investment strategies that could promote efficiency if properly monitored and regulated in the Nigerian stock market.
If not, they could lead to price pressure and volatility in the Nigerian stock market.
The study recommended that a well-regulated short selling investment strategy promotes stock market efficiency through an increased liquidity and minimized volatility in the Nigerian stock market.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Gbadebo, Abraham Oketooyin& Olatunji Oyedekoa, Yusuf. 2022. Effect of short selling on risk and return in Nigerian stock market. Algerian Journal of Economic Performance،Vol. 7, no. 1, pp.162-182.
https://search.emarefa.net/detail/BIM-1512389
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Gbadebo, Abraham Oketooyin& Olatunji Oyedekoa, Yusuf. Effect of short selling on risk and return in Nigerian stock market. Algerian Journal of Economic Performance Vol. 7, no. 1 (Dec. 2022), pp.162-182.
https://search.emarefa.net/detail/BIM-1512389
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Gbadebo, Abraham Oketooyin& Olatunji Oyedekoa, Yusuf. Effect of short selling on risk and return in Nigerian stock market. Algerian Journal of Economic Performance. 2022. Vol. 7, no. 1, pp.162-182.
https://search.emarefa.net/detail/BIM-1512389
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
-
رقم السجل
BIM-1512389
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر