Cross-listing And Firm´s Performance: Evidence from Nigeria

Jayeola Olabisi (), Oluyombo Onabanjio Onadowokan () and Dada John Olusola ()
Additional contact information
Oluyombo Onabanjio Onadowokan: School of Management and Social Sciences, Pan Atlantic University, Lagos
Dada John Olusola: Department of Accounting and Finance, McPherson University, Seriki Sotayo, Ogun State

Acta Economica Et Turistica, 2019, vol. 5, issue 2, 103-121

Abstract: The study assessed the relationship between cross-listing and financial performance of six Nigerian firms that have cross listed in other countries stock exchange as at 2017. Data were collected from the audited financial statements of those firms over a period of ten years (2008- 2017). Performance was measured with return on equity while cross-listing was measured with investors’ protection and market liquidity. Multiple regression analysis and Pearson’s correlation co-efficient were used to analyse the data collected. The results of the study showed that investors’ protection had a significant and positive relationship with return on equity (P 0.05). The study concluded that performance of cross-listed firms is a function of investors’ protection. Therefore, it is recommended that Nigerian firm with required capacity should cross-list to improve performance.

Keywords: investors’ protection; cross-listing; market liquidity; performance (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hrcak.srce.hr/file/337341 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:awd:acectu:v:5:y:2019:i:2:p:103-121

Access Statistics for this article

Acta Economica Et Turistica is currently edited by Ante Samodol

More articles in Acta Economica Et Turistica from Libertas International University
Bibliographic data for series maintained by Mario Pallua ().