Browsing by Author "Nde, Nuhu Shakes"

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    CORPORATE CHARACTERISTICS AND FINANCIAL PERFORMANCE OF QUOTED INDUSTRIAL GOODS IN NIGERIA
    (Department of Public Administration, Nasarawa State University Keffi, 2020-03-01) Uwaleke, Uchenna; Nde, Nuhu Shakes
    This study examined the effects of the determinants of profitability in terms of firm size, firm age and liquidity of quoted industrial goods in Nigeria. The study adopted ex-post facto design, and the population of the study is the 18 industrial goods quoted on the floor of the Nigerian stock exchange as at 2018. The study used secondary data collected from the annual reports and accounts of the sampled listed industrial goods for a period of ten (10) years spanning 2009 through 2018. Panel regression technique was used and found out that, firm size is positively related to profitability of industrial goods in Nigeria with statistical significance. However, significant negative effects of both firm age and liquidity on profitability were found. It was concluded amongst others that, the companies were not making use of their liquid cash for other investment purposes. Therefore, it is recommended among others that, industrial goods in Nigeria should invest their liquid cash in profitable ventures for better profitability.