Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc)
ABSTRACT
The study examined the effect of
accounting ratios on investment decision of quoted manufacturing firms in
Nigeria. However, the specific objectives pursued were; to ascertain the effect
of profit after/before tax on investment decision of quoted manufacturing firms
in Nigeria, to determine the effect of returns of assets on investment decision
of quoted manufacturing firms in Nigeria and lastly to examine the relationship
between turn over and investment decision of quoted manufacturing firms in
Nigeria. The study adopted ex-post facto research design. Data generated from
the annual reports and accounts of Nigerian Breweries PLC from 2014 — 2018 were
analysed using simple regression analysis and Pearson Product Moment
Correlation (PPMC). The statistical package for social science (SPSS) version
21 was used to execute the analysis. The result of the analysis provided the
findings that; profit before tax has significant effect on the investment
decision of quoted manufacturing firms in Nigeria, returns on assets has
significant effect on the investment decision of quoted manufacturing firms in
Nigeria, there is a significant relationship between turnover and investment
decision of quoted manufacturing firms in Nigeria. Based on the findings made
above, the study recommends that investors should thoroughly analyse the
various accounting ratios before delving into investment decision and that
investors who are not knowledgeable enough in financial analysis are advised to
seek the help and services of experts.
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OBASI, J (2021). Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-accounting-ratios-on-investment-decision-of-quoted-manufacturing-firms-in-nigeria-a-study-of-nigerian-breweries-plc-7-2
JONAH, OBASI. "Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-accounting-ratios-on-investment-decision-of-quoted-manufacturing-firms-in-nigeria-a-study-of-nigerian-breweries-plc-7-2. Accessed 26 Nov. 2024.
JONAH, OBASI. "Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 23 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-accounting-ratios-on-investment-decision-of-quoted-manufacturing-firms-in-nigeria-a-study-of-nigerian-breweries-plc-7-2 >.
JONAH, OBASI. "Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-accounting-ratios-on-investment-decision-of-quoted-manufacturing-firms-in-nigeria-a-study-of-nigerian-breweries-plc-7-2