OWNERSHIP ATTRIBUTES AND FIRM VALUE: EVIDENCE FROM LISTED NON-FINANCIAL FIRMS IN NIGERIA

Simple item page
dc.contributor.authorYusuf Olamilekan Quadri, PhD
dc.contributor.authorLukman Adebayo-Oke Abdulrauf, PhD
dc.contributor.authorSheriff Akanji Ibrahim, PhD
dc.date.accessioned2025-07-21T13:22:24Z
dc.date.available2025-07-21T13:22:24Z
dc.date.issued2025-04-30
dc.description.abstractThe volatile macroeconomic environment in which listed non-financial firms operate in Nigeria has posed many challenges to firm value maximisation due to policy inconsistencies, governance imbalance from ownership configuration, investors’ confidence-related issues, regulatory barriers among others. Hence, this study investigates the impact of ownership attributes on firm value of listed non-financial firms in Nigeria. The study adopted a longitudinal research design and the data of 84 sampled listed non-financial companies were extracted from the annual reports and market data websites. Panel generalised least square regression was employed to analyse the data obtained and the results exhibited that foreign ownership (β=0.1183, p-value = 0.000), institutional ownership (β = 0.5511, p-value = 0.000), managerial ownership (β = 0.2206, p-value = 0.031) and ownership concentration (β = 0.1181, p-value = 0.007) are all significant at 5% significant level, The study concluded that ownership attributes enhance the firm value of listed non-financial firms in Nigeria; thus, it was recommended that sustainable value creation strategies should be adopted in balancing all forms of ownership attributes among listed non-financial firms in order to enhance firm value.
dc.identifier.citationS. A. Ibrahim, L. A. O., Abdulraif, Y. O. Quadri and A. J. Aina (2025), Role of Informal Finance i Promoting SMEs in Nigeria. IUP Journal of Business Strategy, 22(1), 5-20.
dc.identifier.issn2756-6897
dc.identifier.urihttps://kwasuspace.kwasu.edu.ng/handle/123456789/5758
dc.language.isoen
dc.publisherGusau Journal of Accounting and Finance
dc.relation.ispartofseries6; 1
dc.titleOWNERSHIP ATTRIBUTES AND FIRM VALUE: EVIDENCE FROM LISTED NON-FINANCIAL FIRMS IN NIGERIA
dc.typeArticle
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
376-Article Text-593-1-10-20250715.pdf
Size:
879.83 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed to upon submission
Description:
Download
Collections
Scholarly Publication