Record Details

Stock Market Liquidity and Investment Decisions of Non-Financial Quoted Companies in Nigeria

Journal of Economics and Business Research

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Field Value
 
Title Stock Market Liquidity and Investment Decisions of Non-Financial Quoted Companies in Nigeria
 
Creator Salawu, Rafiu Oyesola
Olayinka, Segun Wale
 
Subject Stock Market Liquidity, Investment Decisions, Firms Value
 
Description The study examined the impact of market liquidity on investment decision of 50 non-financial quoted companies in Nigeria between 2006 and 2012. The study employed secondary source of data collection. Data collected were analyzed using descriptive statistics and inferential statistics such as pool OLS and fixed effect model. The results showed that Size of the Firm (FS) and Firms’ Age (FAGE) were the only significant determinants of Return on Investment (ROI). The turnover ratio (TOR) which is a proxy for market liquidity had positive but insignificant effect on ROI. Based on the above findings, the study concluded that for most of the companies operating in the non-financial sector of the Nigerian economy, the influence of market liquidity on investment decision is positive, but not significant. The study recommended that management should place more emphasis on the firm age and in particular firm size as they can be employed to predict the return on investment.
 
Publisher Journal of Economics and Business Research
 
Contributor —
 
Date 2017-05-16
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.uav.ro/jour/index.php/jebr/article/view/817
 
Source Journal of Economics and Business Research; Vol 22, No 2 (2016): J of Economics and Business Research; 205 - 226
2069-9476
2068-3537
 
Language eng
 
Relation http://www.uav.ro/jour/index.php/jebr/article/view/817/pdf
 
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