Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Impact of boko haram-led conflict on capital flows in Nigeria: Evidence from time series data

Author(s): Erkan Demirbas, Nurettin Can, Ahmet Arabaci

This paper demystifies empirical evidence on the relationship between Boko Haram-led insurgency and capital importation in Nigeria for the period of 2010-2016. This study focuses on capital inflows since it indicates the confidence of international investors in a particular state of the Federal Republic of Nigeria in cases of insecurity caused by Boko Haram. The findings of the study show that there is an adverse relationship between the statistics of fatalities carried out by Boko Haram and FDI in Nigeria between 2010-2016, whereas this relation is not found for portfolio investment and total capital importation.

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