Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc):-Obasi Jonah
ABSTRACT
The study examined the effect of
accounting ratios on investment decision of quoted manufacturingfirms in
Nigeria. However, the specific objectivespursued were: to ascertain the effect
ofprofit after/before tax on investment decision of quoted manufacturingfirms
in Nigeria, to determine the effect ofreturns ofassets on investment decision
of quoted manufacturing firms in Nigeria and lastly to examine the relationship
between turn over and investment decision of quoted manufacturingfirms in
Nigeria. The study adopted ex-postfacto research design. Data generatedfrom the
annualreports andaccounts ofNigerian Breweries PLC from 2014 - 2018 were
analysed using simple regression analysis and Pearson Product Moment
Correlation (PPMC). The statisticalpackageforsocial science (SPSS) version 21
was used to execute the analysis. The result ofthe analysis provided the
findings that; profit before tax has significant effect on the investment
decision ofquoted manufacturingfirms in Nigeria, returns on assets has
significant effect on the investment decision ofquoted manufacturingfirms in
Nigeria, there is a significant relationship between turnover and investment
decision ofquoted manufacturingfirms 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 infinancial analysis are advised to
seek the help and services ofexperts.
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MICHAEL, U (2026). Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc):-Obasi Jonah. Mouau.afribary.org: Retrieved Apr 28, 2026, 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-obasi-jonah-7-2
UNIVERSITY, MICHAEL. "Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc):-Obasi Jonah" Mouau.afribary.org. Mouau.afribary.org, 28 Apr. 2026, 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-obasi-jonah-7-2. Accessed 28 Apr. 2026.
UNIVERSITY, MICHAEL. "Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc):-Obasi Jonah". Mouau.afribary.org, Mouau.afribary.org, 28 Apr. 2026. Web. 28 Apr. 2026. < 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-obasi-jonah-7-2 >.
UNIVERSITY, MICHAEL. "Effect Of Accounting Ratios On Investment Decision Of Quoted Manufacturing Firms In Nigeria (A Study Of Nigerian Breweries Plc):-Obasi Jonah" Mouau.afribary.org (2026). Accessed 28 Apr. 2026. 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-obasi-jonah-7-2