An Empirical Examination of the Effect of Shareholder Value on Firm Performance in Nigeria

Egiyi, Modesta Amaka and Okafor, Victor I. (2022) An Empirical Examination of the Effect of Shareholder Value on Firm Performance in Nigeria. Global Journal of Auditing and Finance, 4 (1). pp. 23-33. ISSN 1694-4445

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Abstract

This research work examined empirically the effect of shareholder value on firm performance. The first bank of Nigeria is used as a case study where data was obtained and subjected under empirical tests using the Ordinary Least Squares (OLS) regression method. Findings show that shareholder value has a significant effect on firm profitability and that shareholder value has no significant influence on financial efficiency. The study recommends that firms hire managers with not only a great marketing strategy, but one that also has good knowledge of the stock market and its operations, this is the only way to ensure a win-win situation between shareholders and other stakeholders.

Item Type: Article
Subjects: H Social Sciences > HG Finance
Depositing User: mrs chioma hannah
Date Deposited: 18 Aug 2022 09:03
Last Modified: 18 Aug 2022 09:03
URI: http://eprints.gouni.edu.ng/id/eprint/3576

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