Title: Hedge Accounting And Firm Value Of Listed Firms In Nigeria
Authors: Izukwe Raymond
Volume: 9
Issue: 3
Pages: 360-369
Publication Date: 2025/03/28
Abstract:
This study examined the relationship between hedge accounting and firm value of listed firms in Nigeria for the periods of 2015-2024. The study made used of secondary sourced from the annual reports and accounts of fifteen (15) firms listed in Nigeria Exchange Group for the measures of hedge accounting proxied with Cash Flow Hedging (CFH) and Investment Hedging (IH) was examined in relation to firm value as measured by Market Capitalization (MKTC). The study conducted descriptive statistics and correlation analysis, followed by the panel unit root test, and the Pedroni panel cointegration test. The nature of the link between the independent variables and the dependent variables were investigated using descriptive statistics, correlation analysis, the panel unit root test, and the Pedroni panel cointegration test while fixed effect multiple regression analysis that was carried out with the use of the computer programme E-VIEW 9.0. The findings revealed that CFH and IH have significant effect on MKTC of listed firms in Nigeria. From the above this study concluded that there is significant relationship between hedge accounting and firm value of listed firms in Nigeria. The study therefore recommended that hedge accounting should be integrated to the operational objectives of listed firms.