FIRM AGE AND PROFITABILITY: EVIDENCE FROM NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This study sought to investigate firm Age and Profitability: Evidence from Nigeria. The main objective of this study is to determine if firm age affect the profitability of non-financial companies in Nigeria and also to know if older firms out performs younger firms. Age can have adverse effects on performance also because of the organizational rigidities and inertia it brings about and because it impairs the ability affirm to perceive valuable signals. Descriptive statistic and correlation analysis which tests for normality and association among the data in the variables in the model specified and a cross sectional analysis was carried out by way of panel data regression technique. This study examines the determinants of firm profitability for 114 firms listed on the Nigerian Stock Exchange (NSE) from 1998 to 2012, using the system Generalized Method of Moments (GMM). The results show that lagged profitability exerts significant positive effect on contemporaneous firm profitability. However, short-term leverage, inflation rate, interest rate and financial risk have significant negative effects on firm profitability. The study concluded that young firms are better but the higher the age, the more profit the firm is expected to generate. The study recommends that firms whether old or young should better align their business activities to be able to withstand both internal and external factors that could hinder performance in future.
Related Project Materials
IMPACT OF POVERTY REDUCTION ON SUSTAINABLE DEVELOPMENT IN NIGERIA
ABSTRACT
Extreme poverty is a global challenge facing all regions of the world including developed economies of Europe a...
THE PARENTAL MONITORING AND RELIGIOUS ACTIVITIES ON SEXUAL ABSTINENCE
Abstract
The study was carried out on the parental monitoring and religious activities on sexual abstinence. The process...
CONFLICT AND EMPOWERMENT IN SELECTED PROSE OF WOLE SOYINKA AND SEMBENE OUSMANE
Abstract
Political conflict and empowerment are crucial issues that have not been studied in a comparative manner in Wole Soyinka and Sem...
THE IMPACT OF MOTIVATION AND INCENTIVES ON EMPLOYEES JOB PERFORMANCE AND PRODUCTIVITY
ABSTRACT
This study had assessed the impact of motivation and incentives on employees’ job perfor...
INFLUENCE OF NIGERIAN TELEVISION AUTHORITY (N.T.A.) ENUGU IN IMPROVING RURAL HEALTH CARE SERVICES: A STUDY OF UGWUAJI COMMUNITY OF ENUGU SOUTH LOCAL GOVERNMENT AREA, ENUGU STATE
Abstract
This study examines the influence of N.T.A Enugu in improving rural health care services in Ugwuaji community in carrying out th...
AN ASSESSMENT OF BANK INSPECTION AND ENFORCMENT OF BANKING REGULATION IN ZENITH BANK, UBA OR FBN ETC
Background of the study
In a banking environment that is becoming increasingly competitive, which is characterized by fr...
THE ROLE OF EFFECTIVE ADMINISTRATION IN THE RAPID SOCIAL-ECONOMIC TRANSFORMATION OF NIGERIA
ABSTRACT
This study was carried out to examine the role of effective administration in the rapid social-eco...
IMPACT OF RURAL MIGRATION ON COMMUNITY DEVELOPMENT
ABSTRACT
The world is now a global village with the invention of new technologies. However, the...
Toward Knowledge-Centric Natural Language Processing: Acquisition, Representation, Transfer, and Reasoning
Abstract
Past decades have witnessed the great success of modern Artificial Intelligence (AI) via learning incredible statistical correla...
EARLY CHILDHOOD EDUCATION AND TECHNOLOGY INTEGRATION
ABSTRACT: Early childhood education plays a vital role in technology integ...
