Title: Empirical Analysis of Firm Characteristics on Asset Tangibility of Consumer Goods Firms (CGF) in Nigeria
Authors: Emmanuel Omeresa and Henry Oghenero Evesi
Volume: 8
Issue: 11
Pages: 134-140
Publication Date: 2024/11/28
Abstract:
The study examined the effecf of firm characteristics on asset tangibility with evidence fromconsumer goods firms in Nigeria from 2014 to 2023.The independent variable employed in study are; financial leverage, profitability, firm age and firm size against asset tangibility as dependent variable. Data was collected from the firm's annual reports for 2014-2023. Data set was described using descriptive statistics, correlation analysis panel data tests with the help of E-Views version 9.0. The findings showed that firm age had a positive and significant effect on asset tangibility. In contrast, profitability was found to have a negative and significant effect on asset tangibility. On the other hand, it was found that FSIZ has a significant positive effect on asset tangibility of consumer goods firms in Nigeria, and lastly result shows that financial leverage has a significant positive effect on asset tangibility of consumer goods firms in Nigeria.The study thereby recommends Firstly, consumer goods firms should take firm size as important since it had significant effect on Asset tangibility.