Corporate Attributes and Financial Performance of Listed Industrial Goods Firms in Nigeria

Clement Ejiofor Okeke

MPRA Paper from University Library of Munich, Germany

Abstract: Studies on corporate attributes and the financial performance of firms are increasingly gaining momentum. However, most of the past studies in this area have concentrated on sectors such as banking, agriculture, oil and gas, and consumer goods with limited reviews on the relationship between corporate attributes and financial performance of the industrial goods sector. This study examined the effect of Corporate Attributes on Financial Performance of Listed Industrial Goods Firms in Nigeria. The study used an ex post facto research approach and secondary data were retrieved from the annual financial reports of selected industrial goods firms in Nigeria for eleven years from 2013-2023. E-views version 12 was used to carry out the regression analysis of the direct effect of relevant variables. The study found that corporate attributes do not have a significant effect on the financial performance of listed industrial goods firms in Nigeria.. The study recommends that managers and board members in the industrial goods sectors in Nigeria should consider moderating/reducing their size to control the negative effect such action holds for their financial performance. The study also recommended that the management of industrial goods firms in Nigeria should invest more in activities and programs that promote their management efficiency.

Keywords: Corporate Attributes; Earning Per Share; Financial Performance; Firm Size; Industrial Goods Firms (search for similar items in EconPapers)
JEL-codes: F0 F60 L0 M0 (search for similar items in EconPapers)
Date: 2024-09-01, Revised 2024-10-10
New Economics Papers: this item is included in nep-sbm
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