Owuru, Joel Ede; Oladele, Olumuyiwa Samuel - In: Future Business Journal 9 (2023), pp. 1-14
This study examines the response of foreign direct investment (FDI) to asymmetric changes in stock returns in Nigeria. We employed disaggregated monthly data for Nigeria (1985M01–2017M12) to test the magnitude of stock returns’ elasticity of FDI using a nonlinear ARDL modelling framework. By...