文章基本信息

标题：Operating Leverage and Firm Value of Manufacturing Firms in Nigeria
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作者：Olumuyiwa Ganiyu Yinusa ; Mayowa Ebenezer Ariyibi ; Lateef Adewale Yunusa 等
期刊名称：International Journal of Commerce and Finance
电子版ISSN：2149-9608
出版年度：2021
卷号：7
期号：1
页码：77-91
语种：English
出版社：Istanbul Commerce University
摘要：The study examined the impact of Operating leverage on firm value of quoted manufacturing firms in Nigeria. The study selected twenty-two (22) listed (Consumer goods sector) manufacturing firms listed on Nigeria Stock Exchange from 2013-2019.The data used for this study are panel data. The result of this study revealed that DVAS (Variability in sales) has negative insignificant effect on firm value at (β=-1.04, P0.05). DVPBIT (Variability in profit before interest and tax) has positive insignificant effect on firm value at (β=12.6, P0.05). OPLE (Operating leverage in asset) has negative significant effect on firm value at (β=-18.95, P0.05). Based on the findings of the study, it were therefore recommended that; firms would benefit from the quick variability in fixed asset to current asset. (Changes in fixed cost into variable cost influences sales and long-run profit).