Matches in SemOpenAlex for { <https://semopenalex.org/work/W3169365712> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W3169365712 abstract "This study examines the relationship between firm characteristics and the stock returns selected banks and manufacturing companies quoted on the Nigerian Stock Exchange on a two-sector basis. The study employs pooled/panel data analytical techniques to analyze the financial data of 15 banks and 15 manufacturing companies quoted on the Nigerian Stock Exchange as of December 31st, 2018. The study finds the effect of firm characteristics on the stock return of financial sector firms is sharply different from that of the manufacturing sector firms. Through the fixed effect model result it was found that in the financial sector, earnings per share and liquidity have a positive and statistically significant relationship with a stock return while return on assets has a negative and statistically significant effect on stock return. Other variables (leverage, market capitalization and sales growth rate) effects on stock return are not statistically significant. On the other hand, in the manufacturing sector, out of the six firm characteristic variables, only market capitalization has a positive and statistically significant effect on stock return. The effects of the other five were not significant. Furthermore, the test of causality shows that in the financial sector, earnings per share, return on assets and liquidity ratio have causal links with stock return. However, in the manufacturing sector, market capitalization and earnings per share have a causal link with stock return. The study recommends that firm managers should develop strategies that will consistently improve stock price, which determines market capitalization and, to some extent, stock returns. Also, financial firms should be wary of overinvestment in assets and/or its underutilization. The need to acquire is desirable. But this can also cause problems when such assets idle away or the cost of maintaining them eats so much into the revenue of the firm. Finally, management should maintain a healthy balance between liquidity and investments; and, policy makers to design and execute policies that are sector sensitive rather than generic in nature." @default.
- W3169365712 created "2021-06-22" @default.
- W3169365712 creator A5024922651 @default.
- W3169365712 creator A5065459030 @default.
- W3169365712 creator A5067007167 @default.
- W3169365712 date "2020-02-25" @default.
- W3169365712 modified "2023-09-23" @default.
- W3169365712 title "Firm Characteristics and Stock Returns of Nigerian Quoted Firms: A Two-Sector Comparative Analysis" @default.
- W3169365712 hasPublicationYear "2020" @default.
- W3169365712 type Work @default.
- W3169365712 sameAs 3169365712 @default.
- W3169365712 citedByCount "0" @default.
- W3169365712 crossrefType "posted-content" @default.
- W3169365712 hasAuthorship W3169365712A5024922651 @default.
- W3169365712 hasAuthorship W3169365712A5065459030 @default.
- W3169365712 hasAuthorship W3169365712A5067007167 @default.
- W3169365712 hasConcept C10138342 @default.
- W3169365712 hasConcept C106159729 @default.
- W3169365712 hasConcept C144133560 @default.
- W3169365712 hasConcept C151730666 @default.
- W3169365712 hasConcept C155530773 @default.
- W3169365712 hasConcept C162324750 @default.
- W3169365712 hasConcept C183582576 @default.
- W3169365712 hasConcept C185669311 @default.
- W3169365712 hasConcept C18991353 @default.
- W3169365712 hasConcept C193445137 @default.
- W3169365712 hasConcept C200870193 @default.
- W3169365712 hasConcept C206217203 @default.
- W3169365712 hasConcept C2780299701 @default.
- W3169365712 hasConcept C2780762169 @default.
- W3169365712 hasConcept C556758197 @default.
- W3169365712 hasConcept C73283319 @default.
- W3169365712 hasConcept C86803240 @default.
- W3169365712 hasConceptScore W3169365712C10138342 @default.
- W3169365712 hasConceptScore W3169365712C106159729 @default.
- W3169365712 hasConceptScore W3169365712C144133560 @default.
- W3169365712 hasConceptScore W3169365712C151730666 @default.
- W3169365712 hasConceptScore W3169365712C155530773 @default.
- W3169365712 hasConceptScore W3169365712C162324750 @default.
- W3169365712 hasConceptScore W3169365712C183582576 @default.
- W3169365712 hasConceptScore W3169365712C185669311 @default.
- W3169365712 hasConceptScore W3169365712C18991353 @default.
- W3169365712 hasConceptScore W3169365712C193445137 @default.
- W3169365712 hasConceptScore W3169365712C200870193 @default.
- W3169365712 hasConceptScore W3169365712C206217203 @default.
- W3169365712 hasConceptScore W3169365712C2780299701 @default.
- W3169365712 hasConceptScore W3169365712C2780762169 @default.
- W3169365712 hasConceptScore W3169365712C556758197 @default.
- W3169365712 hasConceptScore W3169365712C73283319 @default.
- W3169365712 hasConceptScore W3169365712C86803240 @default.
- W3169365712 hasLocation W31693657121 @default.
- W3169365712 hasOpenAccess W3169365712 @default.
- W3169365712 hasPrimaryLocation W31693657121 @default.
- W3169365712 hasRelatedWork W1531444373 @default.
- W3169365712 hasRelatedWork W1611867911 @default.
- W3169365712 hasRelatedWork W1905162512 @default.
- W3169365712 hasRelatedWork W1953838996 @default.
- W3169365712 hasRelatedWork W1976996986 @default.
- W3169365712 hasRelatedWork W2016832588 @default.
- W3169365712 hasRelatedWork W2058267860 @default.
- W3169365712 hasRelatedWork W2125536127 @default.
- W3169365712 hasRelatedWork W2166045823 @default.
- W3169365712 hasRelatedWork W2254931907 @default.
- W3169365712 hasRelatedWork W2610108708 @default.
- W3169365712 hasRelatedWork W2624472181 @default.
- W3169365712 hasRelatedWork W2787083007 @default.
- W3169365712 hasRelatedWork W2916395018 @default.
- W3169365712 hasRelatedWork W2940151624 @default.
- W3169365712 hasRelatedWork W2972563846 @default.
- W3169365712 hasRelatedWork W3004497254 @default.
- W3169365712 hasRelatedWork W3009954000 @default.
- W3169365712 hasRelatedWork W3199390417 @default.
- W3169365712 hasRelatedWork W2187089116 @default.
- W3169365712 isParatext "false" @default.
- W3169365712 isRetracted "false" @default.
- W3169365712 magId "3169365712" @default.
- W3169365712 workType "article" @default.