CORPORATE ATTRIBUTES AND FINANCIAL PERFORMANCE OF LISTED AGRICULTURAL AND AGRO-ALLIED COMPANIES IN NIGERIA
Keywords:
Corporate attributes, Financial performance, Leverage, Liquidity, Return on assetsAbstract
This paper empirically examined the influence of corporate attributes on the financial performance of listed agricultural and agro-allied companies in Nigeria. The objectives were to explore the effects of firm age, size, liquidity, and leverage on the economic success of these firms. The study was established on stewardship and signalling theories. This study utilized panel data. The population in this research work constituted the five agricultural firms listed in the Nigerian Exchange Group as of 31 December 2021. The sample size was the total population for 2015-2021. This article obtained the variable data from the companies' annual reports between 2015 and 2021. The panel regression analysis examined the relationship between the independent and dependent variables. According to the findings, corporate attributes often have no appreciable influence on Nigeria's financial performance of listed agricultural and agro-allied enterprises. However, this research inferred that all factors about corporate characteristics positively influenced the financial performance of agricultural and agro-allied firms in the Nigerian financial market. It indicates a chance that these factors will play a significant role as the companies expand their operations in the future. The study recommended, among others, that agricultural and agro-allied firms should formulate new strategies for gaining higher market share by differentiating into the new geographical market and developing more products and services.
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