ABSTRACT
The
study sets to examine the effect of financial statement contents on investment
decision making of oil and gas companies in Nigeria. The study employed Ex post
facto research design as the research design and adopted the use of a multiple
linear regression for analysis of data and test of hypotheses. The results
revealed that; liquidity ratio has a positive significant effect on return on
assets of listed oil and gas firms in Nigeria. The second hypothesis tested
revealed that market value of shares has a negative insignificant effect on
return on assets of listed oil and gas firms in Nigeria while the third
hypothesis tested revealed that turnover ratio has a negative significant
effect on return on assets of listed oil and gas firms in Nigeria. The final
hypothesis tested revealed that leverage ratio has a positive insignificant
effect on return on assets of listed oil and gas firms in Nigeria. Thus, the
study recommended that; Oil and gas firms should give adequate care and due
diligence in preparing the financial statements to avoid faulty content which
could lead to loss of funds and possible litigations by stakeholders. Also, Oil
& gas firms and professional bodies should instigate policies that will
increase the knowledge of stakeholders on published financial statement
especially the market value of shares such that it will attract investors that
will enhance more funds for investment purposes and subsequent returns.
IKECHUKWU, T (2021). Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria. Mouau.afribary.org: Retrieved Nov 01, 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-7-2
TOBECHUKWU, IKECHUKWU. "Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 17 Aug. 2021, https://repository.mouau.edu.ng/work/view/effect-of-financial-statement-contents-on-investment-decision-making-of-oil-and-gas-companies-in-nigeria-7-2. Accessed 01 Nov. 2024.
TOBECHUKWU, IKECHUKWU. "Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 17 Aug. 2021. Web. 01 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-7-2 >.
TOBECHUKWU, IKECHUKWU. "Effect Of Financial Statement Contents On Investment Decision Making Of Oil And Gas Companies In Nigeria" Mouau.afribary.org (2021). Accessed 01 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-7-2