%0 Journal Article %1 HastieEtAl2008 %A Muojekwu, Gilbert Ogechukwu Nworie | Lucy Cecilia Mmadubuobi | Hilary Onyebuchi %D 2023 %J CENTRAL ASIAN JOURNAL OF INNOVATIONS ON TOURISM MANAGEMENT AND FINANCE %K Age Company Firm Investment, Leverage, Return Size, Traits, on %N 10 %P 69-85 %T Determining Return on Investment in Listed Nigerian Oil and Gas Firms: the Role of Company Traits %U https://cajitmf.centralasianstudies.org/index.php/CAJITMF/article/view/628/679 %V 4 %X The broad objective of the study was to examine the effect of company traits on the return on investment (ROI) of listed oil and gas firms in Nigeria. Specifically, the study assessed the effect of firm size, firm leverage and firm age on return on investment of listed oil and gas firms in Nigeria. Ex-post facto research design was deployed. Purposive sampling was applied in selecting the sample size of the study from a population frame of 10 listed Nigerian oil and gas firms. Secondary data for the study spanned from 2013 to 2022 accounting year-ends. Random effect estimation was run which found that: firm size has a positive and significant effect on return on investment; firm leverage has a negative and significant effect on return on investment; and firm age has a negative but insignificant effect on return on investment of listed oil and gas companies in Nigeria. We therefore recommend that managers of oil and gas firms should increase their size by diversifying operations, or scaling up their existing projects in order to access more resources, benefit from economies of scale, and enhance their bargaining power.

@article{HastieEtAl2008, abstract = {The broad objective of the study was to examine the effect of company traits on the return on investment (ROI) of listed oil and gas firms in Nigeria. Specifically, the study assessed the effect of firm size, firm leverage and firm age on return on investment of listed oil and gas firms in Nigeria. Ex-post facto research design was deployed. Purposive sampling was applied in selecting the sample size of the study from a population frame of 10 listed Nigerian oil and gas firms. Secondary data for the study spanned from 2013 to 2022 accounting year-ends. Random effect estimation was run which found that: firm size has a positive and significant effect on return on investment; firm leverage has a negative and significant effect on return on investment; and firm age has a negative but insignificant effect on return on investment of listed oil and gas companies in Nigeria. We therefore recommend that managers of oil and gas firms should increase their size by diversifying operations, or scaling up their existing projects in order to access more resources, benefit from economies of scale, and enhance their bargaining power.}, added-at = {2024-03-06T12:33:32.000+0100}, author = {Muojekwu, Gilbert Ogechukwu Nworie | Lucy Cecilia Mmadubuobi | Hilary Onyebuchi}, biburl = {https://www.bibsonomy.org/bibtex/23d321b806218edbd2f85fdbabbf56ec3/centralasian_20}, interhash = {389a0ab038edc9cb4c3eef3061db5195}, intrahash = {3d321b806218edbd2f85fdbabbf56ec3}, issn = {2660-454X}, journal = {CENTRAL ASIAN JOURNAL OF INNOVATIONS ON TOURISM MANAGEMENT AND FINANCE}, keywords = {Age Company Firm Investment, Leverage, Return Size, Traits, on}, language = {english}, month = oct, number = 10, pages = {69-85}, timestamp = {2024-03-06T12:33:32.000+0100}, title = {Determining Return on Investment in Listed Nigerian Oil and Gas Firms: the Role of Company Traits}, url = {https://cajitmf.centralasianstudies.org/index.php/CAJITMF/article/view/628/679}, volume = 4, year = 2023 }