THE EFFECT OF FIRMS CHARACTERISTICS ON FINANCIAL PERFORMANCE OF LISTED INSURANCES FIRMS IN NIGERIA

https://doi.org/10.70382/mejfrbd.v6i7.013

Authors

  • SAKANAU SHAFIE Department of Business Administration, College of Business Administration and Management
  • BELLO USMAN Department of Business Administration, College of Business Administration and Management.
  • ALTO GARBA GWARMAI Department of Banking and Finance, College of Business and Management.

Abstract

The study tried to investigate the effect of firms characteristics on financial Performance of listed insurance firms in Nigeria.The study adopted an ex-post facto research design, the population consisted of 18 insurance Companies listed on the Nigeria stock exchange as at 31st December, 2023. A sample size of eight (8) insurance firms was used in the course of the study. The sample size was selected using purposive sampling technique.  Based on the findings of the study, it implies that sales growth has no significant effect on the ROA of listed insurance companies in Nigeria this findings is contrary to that of Dalton (2019) which found that board size has effect on ROA. Consequent upon the findings of this study, the following recommendations were made that  listed insurance firms should trade cautiously in managing equilibrium between their liabilities and assets.  

 

Keywords:

Performance, Firms, Characteristics, Insurance Firms, Effect

Published

31-10-2024

How to Cite

SAKANAU SHAFIE, BELLO USMAN, & ALTO GARBA GWARMAI. (2024). THE EFFECT OF FIRMS CHARACTERISTICS ON FINANCIAL PERFORMANCE OF LISTED INSURANCES FIRMS IN NIGERIA. International Journal of Financial Research and Business Development, 6(7). https://doi.org/10.70382/mejfrbd.v6i7.013

Issue

VOL. 6 2024

Licensing

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.