International records / OpenAlex research

The Relationship between Stock Returns and Inflation in the Era of COVID-19 in Nigeria: A Test of Fisher’s Hypothesis

The study examined the relationship between stock returns and inflation in Nigeria. It also put to test, the applicability of Fisher’s hypothesis during COVID-19 pandemic. Weekly time series data that covered the period between 27th February, 2020 and 26th February, 2021 were used for the analyses. Unit root test was conducted and results revealed that the variables are of different orders of integration. This justified the use of ARDL estimation technique. The ARDL bound test confirmed the existence of a long run relationship among the variables. Findings revealed that despite COVID-19 pandem…