ASSETS COMPOSITION AND MARKET VALUE OF INDUSTRIAL GOODS FIRMS IN NIGERIA
Keywords:
Assets composition, Current assets turnover, Financial performance, Non-current assets.Abstract
This study determined the effect of assets composition on financial performance of industrial goods in Nigeria. Specific objectives are to: determine the effect of Non-current assets on financial performance of listed industrial goods firms in Nigeria and ascertain the extent current assets turnover on financial performance of listed industrial goods firms in Nigeria. This study was adopted Ex Post Fact research design. The population of the study consists of twelve (12) listed industrial goods firms in Nigeria. Since the population size is not large, the researcher used a consensus sampling to adopt all the population for the study. Data were extracted from the annual reports and accounts of industrial goods firms in Nigeria 2013 to 2022. Data were analyzed with descriptive statistics, and the hypotheses were tested with Pearson correlation, and multiple regression analysis. The result revealed that P-value of the test was 0.000 less than 0.05 (5%), this study upholds that non-current assets has significantly affect financial performance of listed industrial goods firms in Nigeria. also, the second result revealed that P-value of the test was 0.000 less than 0.05 (5%), this study upholds that current assets turnover has significantly affect financial performance of listed industrial goods firms in Nigeria. the study recommended that the management of industrial goods firms should carefully consider the levels of their non-current assets investments, as they may not make any meaningful contribution to financial performance.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
