ABSTRACT
This study examines the impact of firm size on the
corporate profitability of quoted firms on the Nigerian Stock Exchange. The
study aims to examine the relationship between firm size and corporate profitability
of Nigerian quoted firms and to find out if firm size have impacts on corporate
profitability of Nigerian quoted firms. The study used analytical software
called Statistical Package for the Social Sciences (SPSS version 20) to carry
out correlation and regression analysis on the data obtained from secondary
sources which are Nigerian Stock Exchange factsbook and organisations annual
reports, sourced from 2011-2015. The variables considered for the study are
total assets for firm size and return on assets for corporate profitability.
The study found that firm size has no significant impact on the corporate
profitability of Nigerian firms quoted on NSE. The study therefore recommends
that Nigerian firms should invest in other lines of business for example
product diversification and investments to supplement their income from core
business. This will boost their stability and contribute to profitability.
Also, corporate firms should make maximum use of their available resources for
example assets to boost their profitability and effectively execute their core
functions. It is worth noting that good performance of corporate firms have
positive impact on the economy.
This study examines the impact of firm size on the
corporate profitability of quoted firms on the Nigerian Stock Exchange. The
study aims to examine the relationship between firm size and corporate profitability
of Nigerian quoted firms and to find out if firm size have impacts on corporate
profitability of Nigerian quoted firms. The study used analytical software
called Statistical Package for the Social Sciences (SPSS version 20) to carry
out correlation and regression analysis on the data obtained from secondary
sources which are Nigerian Stock Exchange factsbook and organisations annual
reports, sourced from 2011-2015. The variables considered for the study are
total assets for firm size and return on assets for corporate profitability.
The study found that firm size has no significant impact on the corporate
profitability of Nigerian firms quoted on NSE. The study therefore recommends
that Nigerian firms should invest in other lines of business for example
product diversification and investments to supplement their income from core
business. This will boost their stability and contribute to profitability.
Also, corporate firms should make maximum use of their available resources for
example assets to boost their profitability and effectively execute their core
functions. It is worth noting that good performance of corporate firms have
positive impact on the economy.