The Nigerian Stock Exchange

This paper assesses the level of corporate sustainability disclosures in an environmentally-sensitive industry in Nigeria - the oil and gas industry. The paper aims to evaluate the extent of sustainability disclosure in the annual report’s oil and gas industries. The study retrieves secondary data on sustainability disclosure for 10 years (2010 - 2019) from eight oil and gas industries listed in the Nigerian stock exchange through a desktop approach and content analysis methodology.

10p mynguyenha 21-07-2021 12 2   Download

The study investigated stock market reactions to oil price fluctuations in Nigeria. A longitudinal design consisting of data on the Nigerian Stock market index, crude oil prices, exchange rate, interest rate, inflation rate and GDP for the period 1984-2019 was employed. The data were subjected to stationarity and cointegration tests using ADF and Johansen’s techniques. Based on the results of the stationarity and cointegration tests, Vector error correction model was used to analyse the research data.

8p kethamoi7 15-08-2020 26 2   Download

This study investigated the economic impact of gender diversity on Board composition of companies listed on the Nigerian Stock Exchange (NSE).

6p lucastanguyen 01-06-2020 8 2   Download

This study examines the influence of board nationality on the return on equity of money deposits banks in Nigeria. This study makes use of econometric procedure and data was collected through a secondary source of information. The population of interest for the study comprised the twenty-two deposit money banks listed on the Nigerian Stock Exchange (NSE) and the sample size consists of nine selected money deposit banks which were purposively chosen based on the consistency in their publication of their financial account up to 2016; and as well based on their equity.

7p cleopatrahuynh 01-06-2020 14 0   Download

This study examined the adequacy of financial reports with the objective of determining if there exist significant differences in four proxies of financial reporting quality: earnings, conservatism; accruals and average financial reporting quality before and after the adoption of IFRS in Nigeria. Data were sourced from the published audited financial statements and accounts of firms quoted on the Nigeria Stock Exchange (NSE).

20p cleopatrahuynh 01-06-2020 17 1   Download

The study examined the empirical relationship between firm size, financial leverage and level of cash and cash equivalents of selected quoted manufacturing firms in the Nigerian Stock Exchange. Ex-post-facto research approach via panel least squares was employed to assess the nature and extent of association between these variables. Data were collated from the audited annual reports of thirty-seven (37) manufacturing firms for the thirteen year period: 2006-2018.

10p tociitocii 24-04-2020 12 0   Download

All over the world, banks have been undergoing crisis, but the Nigerian experience has been hazardous to the country’s financial sector stability. Against this scenery, this paper investigates some cost efficiency correlates of a set of fifteen deposit money banks in Nigeria over the period 2001-2008. Random effects Tobit regression was applied for estimating the correlates of cost efficiency obtained from Data Envelopment Analysis. The findings revealed net assets as a better index for measuring bank size-efficiency nexus other than total assets.

11p nguyenminhlong19 21-04-2020 15 1   Download

This study examines whether Audit Quality has any impact or relationship with earnings response coefficients of companies in Nigeria. Pursuant to this objective, archival data were extracted from annual reports of 57 companies quoted on the Nigerian Stock Exchange (NSE) between 2006 and 2011.

23p cothumenhmong4 24-03-2020 10 1   Download

This study examines the significance of the risk factors in the CAPM with higher order co-moments using a two-pass methodological technique of Fama and Macbeth. Stock prices of 53 companies out of the 207 listed in Nigerian Stock Exchange (NSE) for a sample period January 2003 to December 2011 are analyzed. The study particularly augments the model using unconditional and conditional information.

12p trinhthamhodang2 21-01-2020 31 2   Download

The study seeks to investigate empirically the relationship between the monetary policy instruments used by the Central Bank of Nigeria and stock market performance measured by the growth of market capitalization in the Nigerian Stock Exchange Market. We employed time series data that spanned from 1980-2013. This period was considered due to the liberalization of the financial sector.

23p trinhthamhodang2 21-01-2020 28 4   Download

The objective of the study is to establish whether quoted manufacturing companies in Nigeria are operating on the production possibility frontier, that is, if they are technically and scale efficient. In pursuance of this, the study adopted the output orientated DEA with input variables as total asset, shareholder’s equity, cost of goods sold and operating expenses, while the output variables are sales/turnover, net profit, return on asset, and return on equity. Output orientated DEAP Version 2.1 package with variable return to scale assumption using multi-stage DEA is employed.

12p trinhthamhodang2 21-01-2020 19 2   Download