scholarly journals Assets mix and financial performance of listed consumer goods firms in nigeria

2021 ◽  
Vol 11 (1) ◽  
pp. 38-45
Author(s):  
Nangih Efeeloo ◽  
Emeka Nwokeji N.A
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Intangible Assets ◽  
Critical Role ◽  
Annual Reports ◽  
Optimum Level ◽  
Analytical Technique ◽  
Ex Post ◽  
Ex Post Facto ◽  
Level Of Significance

This study assessed the effect of asset mix on financial performance of selected consumer goods firms in Nigeria. The specific objectives of the study were to determine the effects of tangible non-current assets, current and intangible assets structures and returns on asset. Ex post facto research design was adopted and data obtained from the annual reports of the companies for a seven-year period from 2013 to 2019. Multiple regression analytical technique was employed in analyzing the data. The findings of the study revealed that the independent variables employed in the study explained about 13.7% of the variations in returns on asset. Specifically, both current and intangible assets have positive and significant effect with ROA at 5% level of significance. Noncurrent asset has positive but insignificant effect on ROA. Thus, the assets composition of a firm plays a critical role in the financial performance of that firm, although it explains only about 14% of the performance of the firm. It was therefore recommended that firms should increase their current and intangible assets, but should keep it at an optimum level that will ensure that maturing short-term business obligations are met.

scholarly journals ENVIRONMENTAL COST AND FINANCIAL PERFORMANCE OF OIL AND GAS COMPANIES IN NIGERIA

2015 ◽  
pp. 1-24
Author(s):  
Chiamogu Anselm ◽  
Janefrances Okoye
Keyword(s):  
Community Development ◽  
Financial Performance ◽  
Environmental Remediation ◽  
Oil And Gas ◽  
Environmental Cost ◽  
Annual Reports ◽  
Development Cost ◽  
Ex Post ◽  
Ex Post Facto ◽  
Oil And Gas Companies

This study ascertained the extent environmental cost affects financial performance of oil and gas companies in Nigeria. The specific objectives were to determine the effect of: community development cost and environmental remediation cost on Tobin’s on oil and gas companies in Nigeria. Ex post facto research design was employed and data was obtained from annual reports and accounts for the periods 2011 to 2018. The hypotheses were tested using regression analysis with aid of e-view 9.0. The results of the empirical data analysis revealed that community development cost and environmental remediation cost has positive significant effect on Tobin’s. The study therefore recommended among others that government should give tax credit to organizations that participate and contribute towards community development in order to encourage community development and which would go a long way in enhancing firm performance.

scholarly journals An Empirical Analysis of Firm Growth and Financial Performance of Selected Firms in Nigeria

2021 ◽  
Vol 4 (3) ◽  
pp. 150-161
Author(s):  
Okechukwu Theresa Ijeoma
Keyword(s):  
Financial Performance ◽  
Firm Growth ◽  
Annual Reports ◽  
Return On Equity ◽  
Beverage Industry ◽  
Ex Post ◽  
Food And Beverage ◽  
Ex Post Facto ◽  
Turn Over ◽  
Retained Earnings

This study empirically investigated on firm indicators and financial performance of food and beverage industry in Nigeria covering the period 2010-2019. In the course of the study, four companies namely Nigeria Breweries Plc, Guinness Nigeria Plc, Cadbury Nigeria Plc and Nestle Nigeria Plc were selected for the study. Panel data regression method was used for the method of data analysis and ex-post facto research design was adopted. Data for the study were extracted from the annual reports of the selected companies. The major findings of the study were that turn-over, retained earnings and total assets has a positive and significant effect on financial performance of the food and beverage companies in Nigeria. It is therefore the recommendation of this study that the management of food and beverage companies in Nigeria should adopt appropriate measures to ensure their turnover is maintained above par since it has effect on return on equity as seen from the findings of the study.

scholarly journals EFFECT OF LIQUIDITY RISK MANAGEMENT ON BANK FINANCIAL PERFORMANCE IN NIGERIA

2021 ◽  
pp. 19-34
Author(s):  
Blessing Ndum ◽  
Keyword(s):  
Risk Management ◽  
Regression Analysis ◽  
Financial Performance ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Research Work ◽  
Liquidity Risk ◽  
Annual Reports ◽  
Ex Post ◽  
Ex Post Facto

This study ascertained the effect of annual inflation rate on bank financial performance in Nigeria. Ex-Post Facto research design was adopted. Data were extracted from annual reports and accounts of the selected banks in Nigeria. The population of the study comprises of all the twenty (20) deposit money banks operating in Nigeria as at the time of this research work. According to the Nigeria Stock Exchange (NSE), twenty (20) deposit money banks operate in Nigeria as at the end of year 2019. Regression analysis was employed to test the hypothesis with SPSS 20.0. The analysis shows that the annual inflation rate does not positively influence banks’ financial performance. Based on the result, the researcher recommended that banks should be able to anticipate inflation rate periodically to adjust their interest rate in order to make profit.

scholarly journals Capital Structure and Financial Performance of Quoted Manufacturing Companies in Nigeria

2020 ◽  
pp. 874-880
Author(s):  
Samuel Adebayo Olaoye ◽  
Abolade Francis Akintola ◽  
Timothy Adisa Soetan ◽  
Netufo Cornelius Olusola
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Stock Exchange ◽  
Annual Reports ◽  
Capital Investments ◽  
Manufacturing Companies ◽  
Equity Financing ◽  
Ex Post ◽  
Ex Post Facto ◽  
Retained Earnings

The capital structure involves the decision about the combination of the various sources of funds a firm uses to finance its operations and capital investments. These sources include the use of long-term debt finance called debt financing, as well as preferred stock and common stock also called equity financing. One of the most important goals of financial managers is to maximize shareholder’s wealth through the determination of the best combination of financial resources for a company and maximization of the company’s value by determining where to invest their resources. The study evaluated the effect of capital structure on the financial performance of listed manufacturing companies in Nigeria. The study employed the ex post facto research design. The population of the study consisted of the quoted manufacturing companies in Nigeria made up of 71 companies as of 31st December 2017 according to the Nigeria Stock Exchange (NSE), which formed the entire population of the study. The study employed convenience sampling in the selection of the sampled companies. Data from the research were obtained from the annual reports of the sampled companies. The study adopted descriptive and inferential statistics. The finding of the study indicated that capital structure influences the performance of the quoted manufacturing companies in Nigeria. The study concluded that capital structure has a significant relationship with the financial performance of listed manufacturing companies in Nigeria. The study recommended that management should ensure that proper capital structure is maintained to improve financial performance and to allow for an increase in dividend payment and retained earnings for expansion.

scholarly journals Optimizing Return on Assets through Investment in Property, Plant and Equipment: Evidence from Listed Nigerian Manufacturing Companies

2020 ◽  
Vol 4 (10) ◽  
pp. 50-57
Keyword(s):  
Portfolio Management ◽  
Stock Exchange ◽  
Secondary Data ◽  
Growth Options ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Correlational Research ◽  
Ex Post ◽  
Ex Post Facto ◽  
Level Of Significance

This study examined the extent to which investment in property, plant & equipment (PPE) made by listed manufacturing companies in Nigeria relate with the return on assets (ROA). The non-usage of composite appraisal techniques, other than traditional budgeting techniques was seen as a major problem of investment decisions on PPE. The study adopted the quantitative panel methodology of the ex post facto and correlational research design. Secondary data were extracted from the fact books of the Nigerian Stock Exchange for the period, 2013 – 2018. The number of manufacturing companies listed in the Stock Exchange during this period was 83, which was also taken as the population of the study. The sample used in the study was 69. Three hypotheses were tested at 0.05 level of significance. Multiple and simple regression analyses were used on the data collected, to find the relationship between the independent and dependent variables. The hypotheses tested indicated in the findings that property, plant and equipment had a significant relationship with return on assets of listed manufacturing firms in Nigeria when there is a joint relationship between variables of property, plant & equipment (PPE) and return on asset (ROA). Based on the findings and conclusion, it was recommended that management of manufacturing companies should ensure a holistic use of all techniques, exploring the real and growth options analyses as well as portfolio management techniques involving productive non-current assets, to earn the benefit of return on assets invested.

Effect of Director’s Tunneling on Assets Utilization: Evidence from Corporate Organizations in Nigeria

2019 ◽  
pp. 1-9
Author(s):  
Nwaorgu, Innocent Augustine ◽  
O. Odesa, Jeff ◽  
N. Nzoegbu, Jennifer
Keyword(s):  
Panel Data ◽  
Correlation Analysis ◽  
Multiple Regression ◽  
Research Design ◽  
Consumer Goods ◽  
Descriptive Statistics ◽  
Financial Report ◽  
Ex Post ◽  
Ex Post Facto ◽  
Equity Holding

This study evaluates the effect of director’s tunnelling on asset utilization of companies in consumer goods sector in Nigeria using a panel data collected from annual financial report of thirty listed consumer goods firm in Nigeria between 2011 and 2016. The study was based on ex-post-facto research design and the data collected were analysed using descriptive statistics, correlation analysis and multiple regression. The study finds that the director’s pay and equity holding varies widely among consumer goods firms. Chairman’s pay and director’s equity holding have a statistically significant effect on asset utilization at 5% level. While the director’s pay policy has no statistically significant effect on asset utilization. The finding shows pay, chairman’s pay and director’s equity holding are three major avenues used for tunnelling as they have a significant effect on tunnelling. The study recommends that policymaker should formulate a policy that will reduce the tunnelling tendency of directors and board chairman.

scholarly journals Gender and Entry Background Differences in Postgraduate Distance Learners’ Achievement in the Field of Educational Technology

2020 ◽  
Vol 8 (3) ◽  
pp. 98
Author(s):  
Adeyemi Adedapo
Keyword(s):  
Educational Technology ◽  
Learning Activities ◽  
Distance Learners ◽  
First Semester ◽  
Ex Post ◽  
Significant Difference ◽  
Ex Post Facto ◽  
The Mean ◽  
Level Of Significance ◽  
Master Of Education

Several factors have been attributed to learners’ underachievement in postgraduate programmes. Two of such factors are gender and entry background of postgraduate distance learners which previous studies have identified in isolation of one another. No previous studies have been reported to have investigated a combination of gender and entry background differences in educational technology. The present study, therefore, investigated the influence of gender and entry background of postgraduate distance learners’ achievement in educational technology. The ex-post facto research design was adopted. Three hundred and twenty-three postgraduate distance learners who registered and sat for examinations of Master of Education in Educational Technology of National Open University of Nigeria, during the first semester of 2019_1 of 2018/2019 academic session were purposively selected from 74 study centres. The participants were made up of 215 males and 108 females. Three null hypotheses were formulated to guide the study and tested at .05 level of significance. The results of participants in 2019_1 first semester were analysed using t-test and analysis of variance (ANOVA). There was a significant difference in the mean achievement scores of male and female postgraduate distance learners in educational technology in favour of male distance learners while no significant difference was established in respect of postgraduate distance learners’ entry background. The implications of this study are that gender difference is a factor of prediction to academic achievement in educational technology but entry background does not influence postgraduate distance learners’ achievement in courses. Recommendations were made among others that there is need to create co-operative learning activities sensitive to preferences of female distance learners.

scholarly journals Demographics Variables and Athletes’ Performance in Track Events in Calabar Metropolis, Cross River State

2021 ◽  
pp. 158-168
Author(s):  
Pauline E. Ekuri ◽  
Nsagha N. Osaji ◽  
Emmanuel Ahueansebhor
Keyword(s):  
Secondary Schools ◽  
Demographic Variables ◽  
Interactive Effects ◽  
Cross River State ◽  
Ex Post ◽  
Ex Post Facto ◽  
Improved Performance ◽  
Senior Secondary Schools ◽  
Level Of Significance ◽  
Senior Secondary

This research studied the performance of athletes in 100m, 200m, 400m, and 4 x 400m relay races in secondary schools based on two demographic variables (age and experience). The bivariate and interactive effects of these variables were assessed based on three null hypotheses formulated to guide the study. The research is quantitative and followed the ex-post facto design. The population comprised 1,180 junior and senior secondary schools students in 24 public secondary schools in Calabar Metropolis. A total of 863 students were selected based on their previous experiences in track events. Data were collected using a questionnaire tagged “Performance in Track Events Questionnaire (PTEQ). Collected data were analyzed using descriptive statistics; while inferential statistics such as one- and two-way ANOVA were used to test the null hypotheses at the .05 level of significance. No significant influence of age on athletes’ performance in all the track events was found. Athletes experience significantly influenced their performance in all the track events. There is a significant interaction of age and experience on athletes’ performance in all track events in secondary schools. It was concluded that some demographic variables affect student-athletes performance in track events, while others do not. Based on this conclusion, relevant practical and research implications were discussed for sustained or improved performance in track events.

scholarly journals PERBANDINGAN KINERJA KEUANGAN PERBANKAN SYARIAH DENGAN KONVENSIONAL DI BURSA EFEK INDONESIA

2019 ◽  
Vol 4 (1) ◽  
pp. 29-39
Author(s):  
Diah Nurdiwaty
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Sampling Technique ◽  
T Test ◽  
Islamic Banking ◽  
Purposive Sampling ◽  
Financial Condition ◽  
Ex Post ◽  
Ex Post Facto ◽  
Conventional Banks

Abstrak Penelitian ini dilatarbelakangi oleh fernomena semakin pesatnya pertumbuhan perbankan di Indonesia khususnya, baik perbankan syariah maupun konvensional. Dimana secara garis besar ada perbedaan pada payung hukum yang digunakan serta pada bentuk pengambalian keuntungannya. Salah satu faktor yang harus diperhatikan oleh bank untuk bisa terus bertahan hidup adalah kinerja (kondisi keuangan) bank. Tujuan penelitian ini adalah untuk menganalisis perbedaan yang signifikan antara kinerja keuangan perbankan syariah dengan perbankan konvensional berdasarkan rasio CAMEL Pendekatan kuantitatif dengan jenis penelitian ex-post-facto yang digunakan dalam penelitian ini. Populasinya perusahaan perbankan syariah sebanyak 12 dan perbankan konvensional sebanyak 42 yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2016-2017. Teknik pengambilan sampel menggunakan metode purposive sampling. Teknik analisis data dalam penelitian ini adalah uji t test (Independent sample t test). Hasil penelitian ini adalah tidak ada perbedaan kinerja keuangan perbankan syariah dengan perbankan konvensional berdasarkan rasio CAR, ROA. Tetapi berdasar rasio NPL, LDR dan BOPO terdapat perbedaan dari keduanya. Kata Kunci : CAMEL, Kinerja Keuangan Abstract This research is motivated by the phenomenon of the rapid growth of banking in Indonesia, especially in both Islamic and conventional banking. Where in general there is a difference in the legal umbrella that is used as well as in the form of extracting its profits. One of the factors that must be considered by banks to be able to continue living is the performance (financial condition) of the bank. The purpose of this study was to analyze the significant differences between Islamic banking financial performance and conventional banking based on CAMEL ratios. Quantitative approach with the type of ex-post-facto research used in this study. As for the population of as many as 12 Islamic banking companies and 42 conventional banks which are listed on the Indonesia Stock Exchange (IDX) in 2016-2017. The sampling technique uses purposive sampling method. The data analysis technique in this study was the t test (Independent sample t test). The results of this study are no differences in Islamic banking financial performance with conventional banking based on the CAR, ROA ratio. But based on the NPL, LDR and BOPO ratios there are differences between the two. Keywords: CAMEL, Financial Performance

scholarly journals Customers’ Patronage, Earnings of Deposit Money Banks and Nigeria’s Shrinking Economy

2021 ◽  
Vol 28 (42) ◽  
pp. 163-185
Author(s):  
Oliver Ikechukwu Inyiama ◽  
Ethel Chinakpude Inyiama ◽  
Mary Ifeoma Okwo ◽  
Ernest Chike Nwoha
Keyword(s):  
Granger Causality ◽  
Granger Causality Test ◽  
Strong Relationship ◽  
Annual Reports ◽  
Regression Result ◽  
Causality Test ◽  
Ex Post ◽  
Simple Regression Model ◽  
Ex Post Facto ◽  
Simple Regression

Abstract This study investigates the extent to which customers’ patronage has affected, caused and associated with the earnings of deposit money banks in Nigeria in the present Covid-19 era. An ex-post-facto design was adopted leading to data sourced from annual reports and accounts of Deposit Money Banks in Nigeria. A simple regression model was applied in gauging the effect of Customers’ patronage on Profit before Tax, Granger Causality Test determined whether Profit before Tax was caused by Customers’ Patronage while Correlational Analysis confirmed the relationship between the focal variables. Simple regression result reveals that an increase in Total Deposit will significantly increase Profit Before Tax (87%) in the banking industry. Correlation analysis, which is the anchor tool, shows that Total Deposit has a strong relationship with Profit Before Tax of Deposit Money Banks in Nigeria. Lastly, Granger Causality Test reveals that Total Deposit Granger Causes Profit Before Tax in Deposit Money Banks in Nigeria. The findings imply that Total Deposit is a strong determinant of movements in the level of earnings of Deposit Money Banks in Nigeria. It was observed that a greater percentage of customers, even as the economy shrinks into recession after recession, prefer keeping their money with the bank as deposits expecting to earn interest on the investment. The study recommends that banks should strive, through enhanced packages, to mobilize deposits in order to enhance their earnings.

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