Performance Analysis of Nigerian Brewery Industry
This research attempted to assess the financial performance of the firms in the brewery industry using financial ratios. It adopted a descriptive ex-post facto research design by using brewery firms of the Nigeria Stock Exchange (NSE) from 2011-2015. The result suggests that the brewery industry is...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Bina Nusantara University
2018-03-01
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| Series: | Binus Business Review |
| Subjects: | |
| Online Access: | https://journal.binus.ac.id/index.php/BBR/article/view/4047 |
| _version_ | 1797726856888188928 |
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| author | Lucas O. Elumah Peter Shobayo |
| author_facet | Lucas O. Elumah Peter Shobayo |
| author_sort | Lucas O. Elumah |
| collection | DOAJ |
| description | This research attempted to assess the financial performance of the firms in the brewery industry using financial ratios. It adopted a descriptive ex-post facto research design by using brewery firms of the Nigeria Stock Exchange (NSE) from 2011-2015. The result suggests that the brewery industry is profitable and efficient in using its asset to generate profit and return it to its shareholders. Similarly, the industry financial risk is relatively low, and manager in the industry manage their stocks efficiently. This suggests that managers of firms should endeavor to reduce the amount of debt in their capital structure and manage a reasonable amount of debt in its capital structure since a high debt implies a high financial risk. |
| first_indexed | 2024-03-12T10:52:33Z |
| format | Article |
| id | doaj.art-6f99bf001c0f4ebba61ff8ad623cbd30 |
| institution | Directory Open Access Journal |
| issn | 2087-1228 2476-9053 |
| language | English |
| last_indexed | 2024-03-12T10:52:33Z |
| publishDate | 2018-03-01 |
| publisher | Bina Nusantara University |
| record_format | Article |
| series | Binus Business Review |
| spelling | doaj.art-6f99bf001c0f4ebba61ff8ad623cbd302023-09-02T06:52:26ZengBina Nusantara UniversityBinus Business Review2087-12282476-90532018-03-0191475310.21512/bbr.v9i1.40473259Performance Analysis of Nigerian Brewery IndustryLucas O. Elumah0Peter Shobayo1Olabisi Onabanjo UniversityOlabisi Onabanjo UniversityThis research attempted to assess the financial performance of the firms in the brewery industry using financial ratios. It adopted a descriptive ex-post facto research design by using brewery firms of the Nigeria Stock Exchange (NSE) from 2011-2015. The result suggests that the brewery industry is profitable and efficient in using its asset to generate profit and return it to its shareholders. Similarly, the industry financial risk is relatively low, and manager in the industry manage their stocks efficiently. This suggests that managers of firms should endeavor to reduce the amount of debt in their capital structure and manage a reasonable amount of debt in its capital structure since a high debt implies a high financial risk.https://journal.binus.ac.id/index.php/BBR/article/view/4047financial performance, brewery industry, Nigeria Stock Exchange (NSE) |
| spellingShingle | Lucas O. Elumah Peter Shobayo Performance Analysis of Nigerian Brewery Industry Binus Business Review financial performance, brewery industry, Nigeria Stock Exchange (NSE) |
| title | Performance Analysis of Nigerian Brewery Industry |
| title_full | Performance Analysis of Nigerian Brewery Industry |
| title_fullStr | Performance Analysis of Nigerian Brewery Industry |
| title_full_unstemmed | Performance Analysis of Nigerian Brewery Industry |
| title_short | Performance Analysis of Nigerian Brewery Industry |
| title_sort | performance analysis of nigerian brewery industry |
| topic | financial performance, brewery industry, Nigeria Stock Exchange (NSE) |
| url | https://journal.binus.ac.id/index.php/BBR/article/view/4047 |
| work_keys_str_mv | AT lucasoelumah performanceanalysisofnigerianbreweryindustry AT petershobayo performanceanalysisofnigerianbreweryindustry |