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All Journal International Journal of Financial, Accounting, and Management Annals of Management and Organization Research
Aminu Abdulrahim Olayinka
Accountancy Department, Mai Idris Alooma Polytechnic, Geidam, Yobe State, Nigeria
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Financial statement analysis as a tool for investment decisions and assessment of companies’ performance Aminu Abdulrahim Olayinka
International Journal of Financial, Accounting, and Management Vol. 4 No. 1 (2022): June
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ijfam.v4i1.852

Abstract

Purpose: Financial Statement Analysis (FSA) and Interpretation is a vital instruments for good management decision-making in business. The main objective of this study is therefore to determine how firms could use FSA and its interpretation to aid funding and investment decisions and to avert low profitability or low investment returns. Research methodology: Data from the annual report of Nestlé Nigeria Plc are utilized for the Analysis and Interpretation of the financial ratio using descriptive statistical analytical tools for presentations. Result: The study concludes that analysis of FSs is adequate for effective decision making and that firms should pay great attention to the use of FSA to properly equip themselves with this tool and also a combination of different ratios should be used in analyzing a firm's financial performance. Proper use of FSA should be made not only in investment but also in other areas of decision-making. Limitations: The study is limited to FSs published by Nestlé Nigeria plc between the years 2014 to 2019. Contribution: The paper serves as an aid to different categories of investors when making critical investment decisions.
Effect of Naira/Us Dollar exchange rate volatility on the performance of the stocks market in Nigeria Mustapha Shettima; Yusuf Abdussalam; Aminu Abdulrahim Olayinka
Annals of Management and Organization Research Vol. 4 No. 4 (2023): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v4i4.1695

Abstract

Purpose: This study investigates the influence of various macroeconomic factors, including the exchange rate, interest rate, inflation rate, and Gross Domestic Product, on the performance of the Nigerian Stock Exchange NSE 100 index. Utilizing a decade of annual data spanning from 2011 to 2021, this research employs the Augmented Dickey-Fuller test to explore the impact of these macroeconomic variables on stock market performance. Research methodology: Within this context, the time series Autoregressive Distributed Lag (ARDL) model is employed to discern the ramifications of naira/US dollar exchange rate volatility on Nigeria’s stock market performance. Results: Multiple regression analysis results indicate a significant negative effect of the exchange rate on share returns, revealing that a 10% increase in the real exchange rate correlates with a 0.15% decrease in the ASPI. Similarly, the inflation rate is associated with a negative coefficient, suggesting an adverse effect on stock prices. In contrast, interest rates and GDP exhibit positive coefficients, with 5% and 10% impacts on the ASPI, respectively. Limitation: All data used in this study were secondary. However, data from previous years were not readily available. This is the main limitation of this study. Contribution: Ultimately, this study underscores the importance of forecasting the exchange rate as a pivotal determinant of business success, offering recommendations for future endeavors.
Co-Authors Mustapha Shettima Yusuf Abdussalam