Exploring the Nexus between Corruption and all share index of Nigeria Capital Market

Onyekachi Chibueze Onuoha, Nonso John Okoye and Udemadu Frank Chika
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Onyekachi Chibueze Onuoha: Department of Cooperative Economics and Management, Nnamdi Azikiwe University, Awka, Nigeria
Nonso John Okoye: Department of Banking and Finance, Nnamdi Azikiwe University, Awka, Nigeria
Udemadu Frank Chika: Department of Cooperative Economics and Management, Nnamdi Azikiwe University, Awka, Nigeria

International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 12, 707-715

Abstract: The study examined Nigeria corruption perception index and Nigeria transparency index: its effect on all share index of Nigerian capital market. Specifically, the study determined the effect of Nigeria corruption perception index and corruption perception index on Nigeria capital market performance indicator as all-share index. The study is anchored on social disorganization theory which states that behaviour is influenced primarily by one’s environment and that corruption and other deviant and criminal behaviour are a result of the weakened mechanism of social control. The study used descriptive statistics in the analysis and E-view 10 was used. The findings show that there is a significant effect of the Nigeria corruption perception index and Nigeria transparency index on all share index of the Nigerian capital market. This has a wide implication for the capital market in Nigeria as a continued increase in corruption index would adversely affect the all share index. The work recommended that capital market regulators should speedily adopt and enact policies that proactively address fraudulent practices in the Nigerian capital market

Date: 2021
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