Potential implication of firm specific factors on insurance

ISBN-13: 9786205516348 / Angielski / Miękka / 52 str.

Ugwu Ikechukwu Virginus; Ekwochi Adaeze Eucharia

Opis

This work determined the potential implication of firm specific factors on profitability of listed Insurance companies in Nigeria, 2015 to 2019. Firm specific factors are Firm Size, FSSIZE; Firm Age FSAGE; Firm Leverage FSLE; and Firm Liquidity FSLQ and the dependent variable is Profitability-Return on Asset ROA. This study applied ex-post facto research design and the population comprised all the quoted insurance companies from Nigerian Stock Exchange NSE, 2014-2019. A purposive sampling technique selected 10 listed insurance firms with the required annual reports made available to the public in, 2020 NSE. The statistical techniques employed: Descriptive statistics; Pearson Correlation Matrix and Robust Least Square (RLS) Regression. The results show that the R-squared value is 0.0342, which implies that all the independent variables jointly explain only about 3.42% of the systematic variations in the (ROA). The final findings indicated that: FSSIZE and FSLEV have negative and insignificant implication on ROA; FSAGE and FSLIQ have positive and insignificant implication on ROA of pooled insurance firms for the period in Nigeria.

O autorze

Ugwu Ikechukwu Virginus has a PhD and is currently a lecturer in Accountancy Department in the Faculty of Management Sciences, Chukwuemeka Odumegwu Ojukwu University, COOU, Igbariam Anambra State, Nigeria.