Macroeconomic factors, firm characteristics and financial performance
Chinedu Francis Egbunike; Chinedu U. Okerekeoti · 2018 · Asian Journal of Accounting Research
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Abstract
Purpose The purpose of this paper is to explore the interrelationship between macroeconomic factors, firm characteristics and financial performance of quoted manufacturing firms in Nigeria. Specifically, the study investigates the effect of interest rate, inflation rate, exchange rate and the gross domestic product (GDP) growth rate, while the firm characteristics were size, leverage and liquidity. The dependent variable financial performance is measured as return on assets (ROA). Design/methodology/approach The study used the ex post facto research design. The population comprised all quoted
Abstract by Chinedu Francis Egbunike; Chinedu U. Okerekeoti, Asian Journal of Accounting Research (2018) — licensed CC BY 4.0.
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Metadata source: OpenAlex · DOI 10.1108/ajar-09-2018-0029