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Adamu Adamu Idris
Federal University Dutsin-Ma, Katsina Nigeria
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Firm attributes and share price fluctuation of deposit money banks listed in Nigeria Adamu Adamu Idris; Oyindamola Olusegun Ekundayo; Abdulateef Yunusa
Jurnal Ekonomi Modernisasi Vol. 15 No. 2 (2019): Juni
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (235.427 KB) | DOI: 10.21067/jem.v15i2.3780

Abstract

This paper examined firms’ attributes impact on the fluctuation of share prices of listed deposit money banks in Nigeria. Ex-post facto research design was employed, and 13 deposit money banks firms were selected out of 15 from 2006-2016. Descriptive statistics were presented, and correlation analysis was conducted to understand the degree of relationship among the variables. Ordinary least Squares regression was used to ascertain the combined impact of the explanatory variables on the share prices. The study finds four firms’ attributes (dividend ratios, book value, growth and liquidity) to have statistically significant effect on share prices. Companies with high dividends and asset growth as well as low liquidity and book values are more likely to experience higher share prices; hence, the need for investors to be aware of these attributes in making investment decisions. The findings contribute to the existing literature by extending the study to the banking industry.
Co-Authors Abdulateef Yunusa Oyindamola Olusegun Ekundayo