FIRM ATTRIBUTES AND FIRM PERFORMANCE OF QUOTED HEALTH COMPANIES IN NIGERIA
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Akhor, S. O.
Onyemali, O. F.
Keywords: Firm Size; Leverage; Age; Ownership Structure; Firm Performance
Abstract
The study examined the effect of firm attributes and firm performance of quoted healthcare companies in Nigeria. This study used a sample of 6 healthcare and pharmaceuticals companies in the Nigerian Exchange Group that have consistently published their annual audited financial report for the period of 2012 to 2021. The data collected were analyzed using descriptive statistics, correlation analysis and multiple regression technique. The results shows that firm size had a significant positive effect on firm performance, ownership structure had no significant negative effect on firm performance, firm leverage had no significant negative effect on firm performance and firm age had no significant positive effect on firm performance. The study therefore recommends that management and shareholders should consider the size of the firm as a major firm attributes that strongly brings about improve firm performance.
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Published: 2024
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