عنوان

An Analysis of Firm Specific Attributes and Financial Performance of Quoted Consumer Good Firms in Nigeria

Number

TLpq2385690792

.Language of Text, Soundtrack etc

انگلیسی

Title Proper

An Analysis of Firm Specific Attributes and Financial Performance of Quoted Consumer Good Firms in Nigeria

General Material Designation

[Thesis]

First Statement of Responsibility

Abidoye, Mobolaji Kafayat

Subsequent Statement of Responsibility

Osemene, Olubunmi F

Name of Publisher, Distributor, etc.

Kwara State University (Nigeria)

Date of Publication, Distribution, etc.

2019

Specific Material Designation and Extent of Item

120

Dissertation or thesis details and type of degree

M.S.

Body granting the degree

Kwara State University (Nigeria)

Text preceding or following the note

2019

Text of Note

Firm specific attributes are the factors that are mostly under the control of the management which influences the financial performance of an organization, but available literatures on the attributes that cover the aspect of management core competencies are few. Owing to these, the study analysed the impact of these firm specific attributes on the financial performance of quoted consumer goods firms in Nigeria. Financial performance measured by Return on Assets (ROA) is the dependent variable while management efficiency (MGEFF), liquidity (LQD) leverage(LVG) and asset tangibility (ATANG) are the independent variables .Ex-post facto research design was employed with the population of twenty-one quoted consumer good firms and the sample size comprised 17 of these quoted consumer good firms due to availability of data for a period of six years (2012-2017). Secondary data were sourced from the firms' annual reports. The data were analyzed using descriptive and inferential statistics (correlation analysis, panel data regression and Generalized Linear Model Regression) using E-Views statistical package to test the hypotheses. Using the GLM result the findings showed that a positive significant relationship exists between ROA and MGEFF at 5% level of significance (p-value<0.05), also ATANG had a positive significant relationship with ROA at 10% level of significance (p-value< 0.10), while ROA had a positive but insignificant relationship with LVG (p-value>0.05).The findings also revealed that ROA had a negative insignificant relationship with LQD (p-value>0.05). Hence, the Study concluded that MGEFF, ATANG and LVG had positive relationship with financial performance (ROA) while LQD had a negative relationship with financial performance (ROA) and therefore recommends that consumer goods firms should conduct careful assessment and take into consideration firm specific attributes (MGEFF and ATANG) that influence the financial performance of the firms before taking major business decision as this will go a long way in improving their financial performance.

Accounting

Abidoye, Mobolaji Kafayat

Osemene, Olubunmi F

Electronic name

p

[Thesis]

276903

a

Y