Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria:- Ikechukwu Ruth T
ABSTRACT
The study sets to examine the effect
offinancial statement contents on investment decision making ofoil and gas
companies in Nigeria. The study employed Ex postfacto research design as the
research design and adopted the use ofa multiple linear regressionfor analysis
ofdata and test ofhypotheses. The results revealed that; liquidity ratio has a
positive significant effect on return on assets oflisted oil and gasfirms in
Nigeria. The second hypothesis tested revealed that market value ofshares has a
negative insignificant effect on return on assets oflisted oil and gasfirms in
Nigeria while the third hypothesis tested revealed that turnover ratio has a
negative significant effect on return on assets oflisted oil and gasfirms in
Nigeria. The final hypothesis tested revealed that leverage ratio has a
positive insignificant effect on return on assets oflisted oil and gasfirms in
Nigeria. Thus, the study recommended that; Oil and gasfirms should give
adequate care and due diligence in preparing the financial statements to
avoidfaulty content which could lead to loss offunds andpossible litigations by
stakeholders. Also, Oil & gasfirms and professional bodies should instigate
policies that will increase the knowledge of stakeholders on publishedfinancial
statement especially the market value ofshares such that it will attract
investors that will enhance more funds for investment purposes and subsequent
returns.
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IKECHUKWU, T (2024). Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria:- Ikechukwu Ruth T. Repository.mouau.edu.ng: Retrieved Nov 22, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-financial-statement-contents-on-investment-decision-making-of-oil-and-gas-companies-in-nigeria-ikechukwu-ruth-t-7-2
TOBECHUKWU, IKECHUKWU. "Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria:- Ikechukwu Ruth T" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-financial-statement-contents-on-investment-decision-making-of-oil-and-gas-companies-in-nigeria-ikechukwu-ruth-t-7-2. Accessed 22 Nov. 2024.
TOBECHUKWU, IKECHUKWU. "Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria:- Ikechukwu Ruth T". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Aug. 2024. Web. 22 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-financial-statement-contents-on-investment-decision-making-of-oil-and-gas-companies-in-nigeria-ikechukwu-ruth-t-7-2 >.
TOBECHUKWU, IKECHUKWU. "Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria:- Ikechukwu Ruth T" Repository.mouau.edu.ng (2024). Accessed 22 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-financial-statement-contents-on-investment-decision-making-of-oil-and-gas-companies-in-nigeria-ikechukwu-ruth-t-7-2