Firm attributes and share price fluctuation of deposit money banks listed in Nigeria
This paper examined firms’ attributes impact on the fluctuation of share prices of listed deposit money banks in Nigeria. Ex-post facto research design was employed, and 13 deposit money banks firms were selected out of 15 from 2006-2016. Descriptive statistics were presented, and correlation analys...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Kanjuruhan Malang
2019-12-01
|
| Series: | Jurnal Ekonomi Modernisasi |
| Subjects: | |
| Online Access: | http://ejournal.unikama.ac.id/index.php/JEKO/article/view/3780 |
| _version_ | 1819024728630755328 |
|---|---|
| author | Adamu Adamu Idris Oyindamola Olusegun Ekundayo Abdulateef Yunusa |
| author_facet | Adamu Adamu Idris Oyindamola Olusegun Ekundayo Abdulateef Yunusa |
| author_sort | Adamu Adamu Idris |
| collection | DOAJ |
| description | This paper examined firms’ attributes impact on the fluctuation of share prices of listed deposit money banks in Nigeria. Ex-post facto research design was employed, and 13 deposit money banks firms were selected out of 15 from 2006-2016. Descriptive statistics were presented, and correlation analysis was conducted to understand the degree of relationship among the variables. Ordinary least Squares regression was used to ascertain the combined impact of the explanatory variables on the share prices. The study finds four firms’ attributes (dividend ratios, book value, growth and liquidity) to have statistically significant effect on share prices. Companies with high dividends and asset growth as well as low liquidity and book values are more likely to experience higher share prices; hence, the need for investors to be aware of these attributes in making investment decisions. The findings contribute to the existing literature by extending the study to the banking industry. |
| first_indexed | 2024-12-21T04:59:24Z |
| format | Article |
| id | doaj.art-95a65380a9e74c8bab9ee3a9b0db8086 |
| institution | Directory Open Access Journal |
| issn | 0216-373X 2502-4078 |
| language | English |
| last_indexed | 2024-12-21T04:59:24Z |
| publishDate | 2019-12-01 |
| publisher | Universitas Kanjuruhan Malang |
| record_format | Article |
| series | Jurnal Ekonomi Modernisasi |
| spelling | doaj.art-95a65380a9e74c8bab9ee3a9b0db80862022-12-21T19:15:16ZengUniversitas Kanjuruhan MalangJurnal Ekonomi Modernisasi0216-373X2502-40782019-12-01152779210.21067/jem.v15i2.37803780Firm attributes and share price fluctuation of deposit money banks listed in NigeriaAdamu Adamu Idris0Oyindamola Olusegun Ekundayo1Abdulateef Yunusa2Federal University Dutsin-Ma, Katsina NigeriaDepartment of Accounting and Finance, Federal University, Dutsin-ma, NigeriaDepartment of Accounting and Finance, Federal University, Dutsin-ma, NigeriaThis paper examined firms’ attributes impact on the fluctuation of share prices of listed deposit money banks in Nigeria. Ex-post facto research design was employed, and 13 deposit money banks firms were selected out of 15 from 2006-2016. Descriptive statistics were presented, and correlation analysis was conducted to understand the degree of relationship among the variables. Ordinary least Squares regression was used to ascertain the combined impact of the explanatory variables on the share prices. The study finds four firms’ attributes (dividend ratios, book value, growth and liquidity) to have statistically significant effect on share prices. Companies with high dividends and asset growth as well as low liquidity and book values are more likely to experience higher share prices; hence, the need for investors to be aware of these attributes in making investment decisions. The findings contribute to the existing literature by extending the study to the banking industry.http://ejournal.unikama.ac.id/index.php/JEKO/article/view/3780deposit money banksfirm attributefirmnigeria |
| spellingShingle | Adamu Adamu Idris Oyindamola Olusegun Ekundayo Abdulateef Yunusa Firm attributes and share price fluctuation of deposit money banks listed in Nigeria Jurnal Ekonomi Modernisasi deposit money banks firm attribute firm nigeria |
| title | Firm attributes and share price fluctuation of deposit money banks listed in Nigeria |
| title_full | Firm attributes and share price fluctuation of deposit money banks listed in Nigeria |
| title_fullStr | Firm attributes and share price fluctuation of deposit money banks listed in Nigeria |
| title_full_unstemmed | Firm attributes and share price fluctuation of deposit money banks listed in Nigeria |
| title_short | Firm attributes and share price fluctuation of deposit money banks listed in Nigeria |
| title_sort | firm attributes and share price fluctuation of deposit money banks listed in nigeria |
| topic | deposit money banks firm attribute firm nigeria |
| url | http://ejournal.unikama.ac.id/index.php/JEKO/article/view/3780 |
| work_keys_str_mv | AT adamuadamuidris firmattributesandsharepricefluctuationofdepositmoneybankslistedinnigeria AT oyindamolaolusegunekundayo firmattributesandsharepricefluctuationofdepositmoneybankslistedinnigeria AT abdulateefyunusa firmattributesandsharepricefluctuationofdepositmoneybankslistedinnigeria |