Influence of Productivity on Firm Value of Oil and Gas Firms in Nigeria
- Post by: eraf
- November 20, 2022
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ABSTRACT
This study examined the influence of productivity on the firm value of oil and gas firms in Nigeria. The specific objectives were to: Ascertain the influence of sales growth, analyze the influence of sales per employee on the net assets and appraise the influence of assets turnover on the net assets of listed oil and gas firms in Nigeria. the study adopted an ex-post facto research design. The source of data for the study was secondary. Multiple Regression Analysis and t-Statistics were used to analyze the data collected and to test the null hypothesis formulated for the study. The result revealed that Sales Growth (LogSLG) is significant at a 0.05 level of significance (0.05>0.0000), the value of Sales Per Employee (LogSPE) is significant at a 0.05 level of significance (0.05>0.0098), and value of Assets Turnover (AST) is not significant at a 0.05 level of significance (0.05<0.2417). We conclude that the independent variables (sales growth, sales per employee, and assets turnover) of the study adequately explained the dependent variable (net assets value). we recommend that oil and gas firm managers in Nigeria should improve their firm value by growing the sales of the firms. In light of the current excess crude oil production and the crash in the international oil price, oil and gas sales can only be increased through high-quality products and cordial business relationships with customers.
Keywords: Oil & Gas Firms; Productivity; Sales Growth; Sales per Employee
Authorship
1Okoye, Stephen Ifeanyi, 2Prof Okwo, Mary Ifeoma and 3Ugwu, Kevin Okoh
FULL PDF | DOI: https://doi.org/10.5281/zenodo.7334133