INFLUENCE OF FRAUD AND CORRUPTION ON STOCK VALUE TRADED IN THE CAPITAL MARKET: NIGERIA EXPERIENCE

Nonso John Okoye, Onyekachi Chibueze Onuoha, Frank Chika Udemadu

Abstract


The study examined the influence of fraud and corruption on stock value traded in the Nigeria capital market. The social learning theory forms the basis of this research. The fundamental assumption of the theory is that deviance and conformity can result from the same learning process. Definitions, differential association, modelling, and reinforcement are the four factors that affect social behaviour. One is predisposed to either conforming or deviant behaviour depending on how these elements interact. The Nigerian Stock Exchange served as the source of secondary data. Descriptive and inferential statistics were applied for the analysis in this study. The results demonstrate that stock value traded on Nigeria's capital market is not significantly impacted by fraud or corruption. The study recommended that more room should be given to stock value trade as one of the capital market performance indicators in the market which will help investors to explore.

JEL: D40; D53; D63

 

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capital market, stock value, corruption, fraud

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References


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DOI: http://dx.doi.org/10.46827/ejefr.v6i4.1390

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