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Operating leverage and firm value of manufacturing firms in Nigeria

International journal of commerce and finance, 2021-05, Vol.7 (1), p.77-91 [Peer Reviewed Journal]

2021. This work is published under http://creativecommons.org/licenses/by-nc/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;EISSN: 2149-9608

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  • Title:
    Operating leverage and firm value of manufacturing firms in Nigeria
  • Author: Olumuyiwa Ganiyu Yinusa ; Mayowa Ebenezer Ariyibi ; Lateef Adewale Yunusa ; Olaiya, Kehinde Isiaq
  • Civelek,Mustafa Emre
  • Subjects: İktisat & İşletme & Finans ; Manufacturing ; Operating leverage ; Pazarlama
  • Is Part Of: International journal of commerce and finance, 2021-05, Vol.7 (1), p.77-91
  • Description: The study examined the impact of Operating leverage on firm value of quoted manufacturing firms in Nigeria. The study selected twentytwo (22) listed (Consumer goods sector) manufacturing firms listed on Nigeria Stock Exchange from 2013-2019.The data used for this study are panel data. The result of this study revealed that DVAS (Variability in sales) has negative insignificant effect on firm value at (β=-1.04, P>0.05). DVPBIT (Variability in profit before interest and tax) has positive insignificant effect on firm value at (β=12.6, P>0.05). OPLE (Operating leverage in asset) has negative significant effect on firm value at (β=-18.95, P<0.05). Based on the findings of the study, it were therefore recommended that; firms would benefit from the quick variability in fixed asset to current asset. (Changes in fixed cost into variable cost influences sales and long-run profit).
  • Publisher: Istanbul: İstanbul Ticaret Üniversitesi
  • Language: English
  • Identifier: EISSN: 2149-9608
  • Source: ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central

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