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result(s) for
"Ajayi Ayodele John"
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Efficient Capital Markets: A Review of Specialized Literature and Methodology on Nigerian Stock Market
2022
The efficiency of securities market has generated a lot of controversy over four decades in finance and economic discussions leading to some people accepting or rejecting the efficient market hypothesis. Hence this paper examines the growing body of empirical research on efficient market hypothesis on the Nigerian capital market for the past twelve years (2010-2021). The paper particularly surveys empirical research and specialized literature as it relates to the Nigerian capital market. The paper is purely empirical research that have been published in various academic journals on the Nigerian capital market. Findings from the empirical research show that there has been no consensus on the efficiency of the Nigerian capital market. However, the market seems to be efficient in the weak-form. The conclusion of this paper is that there are inherent difficulties in testing for market efficiency in developing countries capital market due to certain market imperfections that could affect the informational efficiency of the market.
Journal Article
Impact of Globalization on Financial Development in Nigeria
by
Ajayi, John Ayodele
,
Musyimi, Kyalo Stephen
in
Economic development
,
Foreign exchange rates
,
Foreign investment
2022
This study examines the impact of globalization on Nigerian financial development with particular reference to foreign direct investment, trade openness, exchange rate, government expenditure, interest rate and inflation. The statistical data used for the study were obtained from Central Bank of Nigeria publications and [Statistical Bulletin 2020] and [World Development Indicators 2020]. The study employed the autoregressive distributed lag (ARDL) model. Major findings from the study show that foreign direct investment, trade openness and government expenditure have a positive and significant impact on financial development in Nigeria while exchange rate, interest rate and inflation rate have a negative significant impact on Nigerian financial development. It is recommended that Nigeria must face the challenges of globalization. For a country to belong to the race, major changes and restructuring are imperative, hence, Nigeria must develop the internal structure and the will to adopt those policies that brought about the benefits from globalization.
Journal Article
LogicHouse-v1: a digital game-based learning tool for enhanced teaching of digital electronics in higher education institutions
2024
A drastic decline in the number of students that are enrolled for Engineering is now being experienced in developed as well as developing countries. Learning is becoming boring as a generation brought up on technology is losing the ability to pay attention in traditional classes for a long stretch of time. This has led to the idea that other teaching methods do exist and can be applied in teaching/learning. This work leveraged the use of Digital Game-Based Learning (DGBL) in Engineering classrooms to develop a serious game named LogicHouse Version 1 (LogicHouse-V1 or LogicHouse for short). The game, is a web-based serious game prototype that targets selected topics in Digital Electronics course. This course is a core component of undergraduate curriculum in Electrical & Electronics Engineering, Computer Engineering, Information Technology, Communication Engineering, Computer Science and other related Science Technology Engineering and Mathematics (STEM) courses. LogicHouse involves a virtual broken house where the player has to play the various levels to fix the house and gain points along the way. This game was designed based on the Learning Mechanics-Game Mechanics (LM-GM) model and the Unified Modeling Language (UML). Furthermore, the design was implemented using Adobe Illustrator, Procreate, Unity Engine, C#, Microsoft Azure Playfab and deployed on itch.io. Preliminary evaluation results indicate that students are interested in the game and its application. Based on this, there is a prospect of improved performance in any course in which the game is implemented.
Journal Article