1.1INTRODUCTION Many people think of accounting as a highly technical field which can be understood only by professional accountants. Actually, nearly everyone practices accounting in one form or another on an almost daily basis We live in an era of accountability. Although, accounting has made sits most dramatic progress in the field of business, the accounting function is vital to every unit of our society. An individual must account for his or her income, and must supply personal accounting information in order to buy a car or home to qualify for a college scholarships to secure a credit card, or to obtain a bank loan. Large corporations are accountable to their stockholders, to government agencies, and to the public. The federal government, the states, the cities, the school district: all must use accounting as a basis for controlling their resources and measuring their accomplishments. Accounting is equally essential to the successful operation of a business, a university, a polytechnic and a social program. TABLE OF CONTENTTopics PagesChapter 1:Introduction1.1Background of the Problem1.2Statement of the Problem1.3Objectives of the Research1.4Research Questions1.5Statement of Hypothesis1.6Scope of the study and Its Delimitation1.7Organization of the ReportChapter 2:Literature Review2.1Evolution of the Nigeria Capital Market.2.2Major Participation’s in the Nigerian Capital Market2.2.1The Central Bank of Nigeria2.2.2Development Finance Institutions2.2.3Issuing Houses2.2.4Stockbroking firms2.2.5Securities and Exchange Commission2.2.6Stock Exchange2.2.7Share Registrars2.2.8Commercial Banks2.2.9Insurance companies and Pensims / Provident funds2.3Dividend2.3.1Forms of Dividend2.3.2Factors influencing Dividend Policy2.3.3Stability of Dividend2.3.4Relationship between Dividend and Share prices2.3.5Information content of Dividends2.3.6Random Walk Theory of Share Price Movements2.3.7Random Walk and an Efficient Stock Market2.3.8Varying Degrees Efficiency2.3.9Week form Tests or Weak form of Efficiency2.3.10Semi-strong form Tests and semi-strong Efficiency2.3.11Strong form Tests and Strong Form Efficiency2.3.12Implications of Efficient Market Hypothesis2.3.13Empirical Studies of Capital Market Efficiency in Nigeria2.3.14Dividend Announcement and Capital Market Efficiency.Chapter 3:Research Methodology3.1research Design3.2Sources of Primary & Secondary Data3.3Population & Sample3.4Data Collection Techniques3.5Data Analysis Technique3.6Hypothesis Test Statistic3.7Limitation of Research MethodologyChapter 4:Analysis and Presentation of Data.4.1Presentation of Primary Data4.2Analysis and Presentation of Data According to Research Questions4.3Analysis and Presentation of Data According to hypothesis.Chapter 55.1Summary of Findings5.2Conclusion5.3Recommendation5.4Suggested Research Work
