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Most previous studies which have examined the equity
investment and share valuation process have been
undertaken for the large and sophisticated capital
markets of developed countries. Very little
attention has been paid to this process in emerging
stock markets; research on the Nigerian stock market
has remained especially limited. The limited
research that has been undertaken for the Nigerian
stock market has focused on small samples of data,
studied a short time horizon and analysed relatively
few equities. This book should help shed some lights
on the information efficiency of...