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
EARLY CHILDHOOD EDUCATION'S IMPACT ON COGNITIVE FLEXIBILITY
ABSTRACT: Early childhood education's impact on cognitive flexibility...
THE IMPACT OF AGRICULTURAL DEVELOPMENT PROGRAMMES ON THE ECONOMY
Background of the Study
Agriculture is the foundation and bedrock upon which the development of stable...
STOCK MARKET AND ECONOMIC GROWTH IN WEST AFRICA: A COMPARATIVE STUDY OF COTE D’IVOIRE, GHANA AND NIGERIA
Background to the Study
All nations of the world strive to achieve sustainable economic growth on a long term basis. Thi...
ASSESSING THE USAGE OF SPACES IN ACADEMIC LIBRARIES INTRANSITION FROM TRADITIONAL TO DIGITAL LIBRARIES
Abstract
For over two decades technology has been affecting the way libraries operate. Academic libraries have witnessed various changes...
THE IMPACT OF PROMOTIONAL STRATAEGY ON THE DEVELOPMENT OF INSURANCE IN NIGERIA
-
-
BACKGROUND OF THE STUDY
-
...
INFLUENCE OF ONLINE NEWS ON THE TRADITIONAL NEWSPAPER PATRONAGE AMONG UNIVERSITY COMMUNITY
Abstract
The core objective of this research was to examine the influence of online news on the traditional newspa...
MANAGING WASTE IN MANUFACTURING FIRMS FOR EFFECTIVE PRODUCTION
ABSTRACT
Waste management practices have emerged due to environment degradation and are adopted mainly to reduce negative impacts on envi...
EVALUATION ON THE USE OF MOBILE PHONES FOR DELIVERING EXAMINATION RESULTS VIA SHORT MESSAGING SERVICE (SMS)
BACKGROUND OF THE STUDY
Computers with Internet access have succeeded in facilitating human communication. The te...
ASSESSMENT OF DIETARY PATTERN AND NUTRITIONAL STATUS OF PEOPLE LIVING WITH HIV/AIDS ATTENDING SOME VOLUNTARY AND COUNSELLING TEST (VCT) UNITS
ABSTRACT
This study assessed the dietary pattern and nutritional status of People Living with HIV/AIDS (PLWHA) attending...
AN EVALUATION OF EXTRACTION, CHARACTERIZATION AND ANTI-MICROBIAL SCREENING OF WHITE STAR APPLE CRYSOPHYLLUM ALBIDUM SEED OIL
Introduction
The body of lipids, of which oil is a part, is a wide-ranging group of naturally occurring hydrophobic mole...
