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Zenodo
2026
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| Accesso online: | https://doi.org/10.5281/zenodo.20132959 |
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| _version_ | 1866901507754950656 |
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| author | Dr Adesola Olufunmilola Oluwatuyi Bamidele Olanubi Adetoro |
| author_facet | Dr Adesola Olufunmilola Oluwatuyi Bamidele Olanubi Adetoro |
| contents | <p><span>This study examines the effect of corporate attributes on market value of listed manufacturing firms in Nigeria.<span> </span>The corporate attributes such as profitability, sales growth and firm size were regressed on<span> </span>market value proxied by share price. The study population comprises 34 quoted manufacturing firms (consumer and industrial goods). Purposive sampling technique was used to select sample size of 23 listed companies). Secondary data was extracted from annual reports of sampled 23 firms from (2013 – 2023). <span>The study used </span>GMM methods to analyse the data. The results profitability and sales growth (t-val.= 63.352, P<0.05) and (t-val= 65.748, P<0.05) have a positive and significant influence on the share price. This implies, firms that demonstrate strong profitability are more likely to attract both domestic and foreign investment and rising sales growth often signals that a company is gaining market share or expanding its customer base. Furthermore, firm size revealed positive and significant influence on the share price (t-val= 191.332, P<0.05). This study concluded that corporate attributes serve as a catalyst to enhance the market value (share price) among listed manufacturing firms in Nigeria. This study recommended among others that manufacturing firms in Nigeria need to prioritize effective financial management and strategic sales growth initiatives to enhance their profitability, ultimately benefiting their stock performance. Listed manufacturing firms in Nigeria should manage firm size and their resources, stability, and competitive advantages allow them to maintain or boost share prices.</span></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_20132959 |
| institution | Zenodo |
| language | |
| publishDate | 2026 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Corporate Attributes and Market Value of Listed Manufacturing Firms in Nigeria Dr Adesola Olufunmilola Oluwatuyi Bamidele Olanubi Adetoro <p><span>This study examines the effect of corporate attributes on market value of listed manufacturing firms in Nigeria.<span> </span>The corporate attributes such as profitability, sales growth and firm size were regressed on<span> </span>market value proxied by share price. The study population comprises 34 quoted manufacturing firms (consumer and industrial goods). Purposive sampling technique was used to select sample size of 23 listed companies). Secondary data was extracted from annual reports of sampled 23 firms from (2013 – 2023). <span>The study used </span>GMM methods to analyse the data. The results profitability and sales growth (t-val.= 63.352, P<0.05) and (t-val= 65.748, P<0.05) have a positive and significant influence on the share price. This implies, firms that demonstrate strong profitability are more likely to attract both domestic and foreign investment and rising sales growth often signals that a company is gaining market share or expanding its customer base. Furthermore, firm size revealed positive and significant influence on the share price (t-val= 191.332, P<0.05). This study concluded that corporate attributes serve as a catalyst to enhance the market value (share price) among listed manufacturing firms in Nigeria. This study recommended among others that manufacturing firms in Nigeria need to prioritize effective financial management and strategic sales growth initiatives to enhance their profitability, ultimately benefiting their stock performance. Listed manufacturing firms in Nigeria should manage firm size and their resources, stability, and competitive advantages allow them to maintain or boost share prices.</span></p> |
| title | Corporate Attributes and Market Value of Listed Manufacturing Firms in Nigeria |
| url | https://doi.org/10.5281/zenodo.20132959 |