Firms’ Characteristics and Asset Growth of Quoted Companies in Nigeria: An Analytical Approach

IF 3 Q2 BUSINESS, FINANCE

Journal of Public Budgeting, Accounting and Financial Management Pub Date : 2023-09-14 DOI:10.56201/jafm.v9.no1.2023.pg16.22

Etim Osim Etim, John Dominic Ekpoese, Oleum Fidelis Akporien, Dorathy Christopher Akpan

{"title":"Firms’ Characteristics and Asset Growth of Quoted Companies in Nigeria: An Analytical Approach","authors":"Etim Osim Etim, John Dominic Ekpoese, Oleum Fidelis Akporien, Dorathy Christopher Akpan","doi":"10.56201/jafm.v9.no1.2023.pg16.22","DOIUrl":null,"url":null,"abstract":"Firm’s characteristics have not been a new spectacle in the business world. They have, of course, always been with us and no decent business entity entirely overlooks them. What is new is the preference of their ranking in different corporate agenda. Fascinatingly, this paper is an analytical examination of the influence of the firm’s characteristics on Asset Growth of Quoted companies in Nigeria: An Analytical Review. The central aim was to investigate how the profitability, leverage and revenue growth influence asset growth of the quoted companies on the Nigerian Stock Exchange. Whilst the firm’s characteristics were measured by profitability, leverage and revenue growth and asset growth was measured by the difference between prior year and current year of non-current asset. This study focused on Ex post facto sourcing of data from the annual financial reports of the relevant companies from 2008 to 2019 fiscal years. Besides, the generated data were analyzed using the descriptive and inferential statistics while the regression analysis model was adopted for estimating the test result. However, findings revealed an insignificant influence of firm characteristics (profitability, leverage and revenue growth) on asset growth quoted companies in Nigeria. The result, therefore, showed that firm’s characteristics insignificantly contribute to the asset growth of companies. It was recommended among others that companies should carefully monitor all elements that indicate assets growth and not merely focus on firm characteristics alone, since it does not completely isolate firms from the threats of asset growth issues. Nonetheless, Companies should compose their boards based on technical know-how, experience, and qualification rather than on gender categorization.","PeriodicalId":53178,"journal":{"name":"Journal of Public Budgeting, Accounting and Financial Management","volume":"26 1","pages":"0"},"PeriodicalIF":3.0000,"publicationDate":"2023-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Public Budgeting, Accounting and Financial Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.56201/jafm.v9.no1.2023.pg16.22","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

Abstract

Firm’s characteristics have not been a new spectacle in the business world. They have, of course, always been with us and no decent business entity entirely overlooks them. What is new is the preference of their ranking in different corporate agenda. Fascinatingly, this paper is an analytical examination of the influence of the firm’s characteristics on Asset Growth of Quoted companies in Nigeria: An Analytical Review. The central aim was to investigate how the profitability, leverage and revenue growth influence asset growth of the quoted companies on the Nigerian Stock Exchange. Whilst the firm’s characteristics were measured by profitability, leverage and revenue growth and asset growth was measured by the difference between prior year and current year of non-current asset. This study focused on Ex post facto sourcing of data from the annual financial reports of the relevant companies from 2008 to 2019 fiscal years. Besides, the generated data were analyzed using the descriptive and inferential statistics while the regression analysis model was adopted for estimating the test result. However, findings revealed an insignificant influence of firm characteristics (profitability, leverage and revenue growth) on asset growth quoted companies in Nigeria. The result, therefore, showed that firm’s characteristics insignificantly contribute to the asset growth of companies. It was recommended among others that companies should carefully monitor all elements that indicate assets growth and not merely focus on firm characteristics alone, since it does not completely isolate firms from the threats of asset growth issues. Nonetheless, Companies should compose their boards based on technical know-how, experience, and qualification rather than on gender categorization.

查看原文本刊更多论文

尼日利亚上市公司的企业特征与资产增长:一个分析方法

公司的特点在商业世界中并不新鲜。当然，它们一直伴随着我们，没有一个体面的商业实体完全忽视它们。不同的是，他们在不同企业议程中的排名偏好。令人着迷的是，本文分析考察了尼日利亚上市公司的公司特征对资产增长的影响:分析回顾。中心目标是调查盈利能力，杠杆和收入增长如何影响尼日利亚证券交易所上市公司的资产增长。虽然公司的特征是通过盈利能力来衡量的，但杠杆和收入增长以及资产增长是通过上年与本年度非流动资产之间的差异来衡量的。本研究的重点是从相关公司2008至2019财年的年度财务报告中事后获取数据。对生成的数据采用描述性统计和推理统计进行分析，并采用回归分析模型对试验结果进行估计。然而，研究结果显示，企业特征(盈利能力、杠杆率和收入增长)对尼日利亚上市公司资产增长的影响不显著。因此，结果表明，企业特征对公司资产增长的贡献不显著。除其他外，有人建议公司应仔细监测表明资产增长的所有因素，而不仅仅是关注公司特征，因为这并不能完全使公司免受资产增长问题的威胁。尽管如此，公司应该根据技术知识、经验和资格来组成董事会，而不是根据性别分类。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Public Budgeting, Accounting and Financial Management Social Sciences-Public Administration

CiteScore

7.80

自引率

19.40%

发文量

期刊介绍： Published four times a year, the Journal of Public Budgeting, Accounting & Financial Management (JPBAFM) is an international refereed journal which aims at advancement and dissemination of research in the field of public budgeting, accounting, auditing, financial and performance management. The journal is committed to be an outlet for rigorous conceptual and empirical works aimed at challenging and innovating the field of accounting, management and governance in entities operating in the public sphere or public-private sphere (territorial government entities, universities, schools, hospitals as well as state-owned enterprises, hybrid organizations, public and private partnerships, non-profit organizations, NGOs, etc.).