Title: Firm Traits And Stock Performance: A Study Of Industrial Goods Firms During And Post Covid-19 Pandemic
Authors: Samuel Ejiro UWHEJEVWE-TOGBOLO, Tedlyn Akpevwe ETU, N.A. EMEKA-NWOKEJI & J.K.J ONUORA
Volume: 9
Issue: 2
Pages: 99-110
Publication Date: 2025/02/28
Abstract:
The study investigated the effect of firm structural traits on stock performance during and post pandemic. Stock prices can be influenced by a firm's value, which is influenced by performance. A firm's stock performance is proportionate and a relative measure of a firm's value. The study made use of quantitative research by adopting the use of a pairwise comparison method. To achieve this, the study intends to adopt a longitudinal and ex post facto research design. The population of this study consists of the 13 industrial goods firms listed on the Nigerian Exchange Group (NGX). 11 industrial goods firms were sampled with available and accessible annual reports, thus the study acknowledged 2020-2021 as COVID year, while 2022-2023 as a post-COVID year. The result showed that ROA significantly improved stock performance during COVID-19, while post COVID-19, ROA's impact dropped to a statistically insignificant level, suggesting that investors were concentrating on more general recovery criteria. the study concluded that stock performance drivers in the industrial goods sector before and after COVID-19 revealed notable shifts in investor priorities and corporate dynamics. it was recommended that firms should think about diversifying their performance metrics after the pandemic.