{"id":3549,"date":"2022-12-20T11:04:02","date_gmt":"2022-12-20T11:04:02","guid":{"rendered":"https:\/\/eraf.deqepub.org\/?post_type=journal_article&p=3549"},"modified":"2022-12-20T11:04:02","modified_gmt":"2022-12-20T11:04:02","slug":"effect-of-corporate-assets-on-market-value-of-oil-and-gas-firms-in-nigeria","status":"publish","type":"journal_article","link":"https:\/\/deqepub.org\/eraf\/journal_article\/effect-of-corporate-assets-on-market-value-of-oil-and-gas-firms-in-nigeria\/","title":{"rendered":"Effect of Corporate Assets on Market Value of Oil and Gas Firms in Nigeria"},"content":{"rendered":"

ABSTRACT<\/strong><\/p>\n

The study examined the effect of corporate assets on market value of oil and gas firms in Nigeria. The study specifically examined the effect of current assets, non-current assets and intangible assets on share price of oil and gas firms in Nigeria. The study used ex-post facto research design. Data for the study were sourced from annual reports and accounts of sampled oil and gas firms. Data collected were analysed using multiple regression analysis. Result of the analysis shows that the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Intangible assets have positive and significant effect on share price of oil and gas firms in Nigeria. Based on the findings, the study recommends that oil and gas firms in Nigeria should effectively utilize current assets in funding day-to-day operations and paying ongoing expenses as the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil and gas firms in Nigeria should use non-current assets for long term investments as the study found out that non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil firms in Nigeria should invest more in intangible assets to further improve on their market value as the study found out that intangible asset has significant effect on the net share price of oil firms in Nigeria.<\/em><\/p>\n

Keywords:<\/strong> Corporate Assets; Market Value; Oil and Gas Firms<\/em><\/p>\n

Authorship<\/strong>
\nMadukwe, Chimezie James1<\/sup>, Prof. Nwoha Chike2<\/sup>, and Nwabuisi Anthony Okorie3<\/sup><\/p>\n

DOI: <\/em>https:\/\/doi.org\/10.5281\/zenodo.7512287<\/em><\/a> | FULL PDF<\/a><\/p>\n","protected":false},"author":1,"template":"","journal_article_cats":[148],"class_list":["post-3549","journal_article","type-journal_article","status-publish","hentry","journal_article_cat-vol-6-no-2"],"yoast_head":"\nEffect of Corporate Assets on Market Value of Oil and Gas Firms in Nigeria - European Review in Accounting and Finance<\/title>\n<meta name=\"description\" content=\"The study examined the effect of corporate assets on market value of oil and gas firms in Nigeria. The study specifically examined the effect of current assets, non-current assets and intangible assets on share price of oil and gas firms in Nigeria. The study used ex-post facto research design. Data for the study were sourced from annual reports and accounts of sampled oil and gas firms. Data collected were analysed using multiple regression analysis. Result of the analysis shows that the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Intangible assets have positive and significant effect on share price of oil and gas firms in Nigeria. Based on the findings, the study recommends that oil and gas firms in Nigeria should effectively utilize current assets in funding day-to-day operations and paying ongoing expenses as the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil and gas firms in Nigeria should use non-current assets for long term investments as the study found out that non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil firms in Nigeria should invest more in intangible assets to further improve on their market value as the study found out that intangible asset has significant effect on the net share price of oil firms in Nigeria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deqepub.org\/eraf\/journal_article\/effect-of-corporate-assets-on-market-value-of-oil-and-gas-firms-in-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effect of Corporate Assets on Market Value of Oil and Gas Firms in Nigeria\" \/>\n<meta property=\"og:description\" content=\"The study examined the effect of corporate assets on market value of oil and gas firms in Nigeria. The study specifically examined the effect of current assets, non-current assets and intangible assets on share price of oil and gas firms in Nigeria. The study used ex-post facto research design. Data for the study were sourced from annual reports and accounts of sampled oil and gas firms. Data collected were analysed using multiple regression analysis. Result of the analysis shows that the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Intangible assets have positive and significant effect on share price of oil and gas firms in Nigeria. Based on the findings, the study recommends that oil and gas firms in Nigeria should effectively utilize current assets in funding day-to-day operations and paying ongoing expenses as the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil and gas firms in Nigeria should use non-current assets for long term investments as the study found out that non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil firms in Nigeria should invest more in intangible assets to further improve on their market value as the study found out that intangible asset has significant effect on the net share price of oil firms in Nigeria.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/deqepub.org\/eraf\/journal_article\/effect-of-corporate-assets-on-market-value-of-oil-and-gas-firms-in-nigeria\/\" \/>\n<meta property=\"og:site_name\" content=\"European Review in Accounting and Finance\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/deqepub.org\/eraf\/journal_article\/effect-of-corporate-assets-on-market-value-of-oil-and-gas-firms-in-nigeria\/\",\"url\":\"https:\/\/deqepub.org\/eraf\/journal_article\/effect-of-corporate-assets-on-market-value-of-oil-and-gas-firms-in-nigeria\/\",\"name\":\"Effect of Corporate Assets on Market Value of Oil and Gas Firms in Nigeria - European Review in Accounting and Finance\",\"isPartOf\":{\"@id\":\"https:\/\/deqepub.org\/eraf\/#website\"},\"datePublished\":\"2022-12-20T11:04:02+00:00\",\"description\":\"The study examined the effect of corporate assets on market value of oil and gas firms in Nigeria. The study specifically examined the effect of current assets, non-current assets and intangible assets on share price of oil and gas firms in Nigeria. The study used ex-post facto research design. Data for the study were sourced from annual reports and accounts of sampled oil and gas firms. Data collected were analysed using multiple regression analysis. Result of the analysis shows that the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Intangible assets have positive and significant effect on share price of oil and gas firms in Nigeria. Based on the findings, the study recommends that oil and gas firms in Nigeria should effectively utilize current assets in funding day-to-day operations and paying ongoing expenses as the study found out that current assets have positive and significant effect on share price of oil and gas firms in Nigeria. Oil and gas firms in Nigeria should use non-current assets for long term investments as the study found out that non-current assets have positive and significant effect on share price of oil and gas firms in Nigeria. 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