An Empirical Analysis of the Relationship between Yields and Prices of Quoted Securities in Nigeria

Authors

OLAWANDE, Olayero Olusegun
Departement of : Economies, University of Nigeria,Ibadan

Keywords:

Securities
inflation
dividendes
loans
bonds
yields
prices
financial market
pricing
Nigeria

Synopsis

The major objective of this study was to
determine whatever relationships exist between yields
and prices of quoted securities in the Nigerian Capital
Market. When considering all quoted securities, the
study observed the existence of a positive relationship.
However, considering all other quoted securities
with the exception· of equity stocks we observed
a negative relationship.
To sum it up, the study discovered that the
variations in Yields accountable to variations in
prices of quoted securities ~i~ very small and statistical
.insignificant.

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References

Aharony J and Swary :r (1980) "C:uarterly Dividend and Earnings Announceff,ents and .Stockholders' Returns; An Eropir ical Analysis" Journal of F ihahC e Vol XXXV No. 1 March.

AkamoikLor G.A. (1981) "The .Securities and Exchmnge Commission and the Capital Market"· .bu·llioi,. Vol. 6 No. 2 April/June.

Published

October 13, 1992

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