DETERMINANTS OF MANUFACTURING FIRMS’ FINANCIAL PERFORMANCE IN NIGERIA

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1  Background to the Study                                                                                                 

1.2  Statement of the Problem                                                                                                 

1.3  Objective of the Study                                                                                                     

1.4  Research  Questions                                                                                                         

1.5  Hypotheses                                                                                                                       

1.6   Scope of the Study                                                                                                          

1.7  Significance of the Study                                                                                                

1.8   Justification for the Study                                                                                                                                                                            

1.9  Operational Definition of Terms                                                                                       

CHAPTER TWO: REVIEWOF LITERATURE                                            

2.1 Conceptual Review                                                                                                           

Content                                                                                                                                     

2.1.1 Financial Performance                                                                                                   

2.1.2 Measures of Financial Performance                                                                               

2.1.3 Overview of Manufacturing Firms’ Financial Performance in Nigeria                         

2.1.4 Financial Performance Analysis                                                                         

2.1.5 Working Capital Analysis                                                                                              

2.1.6 Financial Structure Analysis                                                                                                

2.1.7 Concept of Activity Analysis                                                                                       

2.1.8 Concept of Profitability                                                                                                        

2.1.9 Techniques of Financial Performance Analysis                                                       

2.2 Theoretical Review                                                                                                           

2.2.1 Theory of Production                                                                                                    

2.2.2 Walker’s Theory of Profit                                                                                                     

2.2.3 Clark’s Dynamic Theory                                                                                                               

2.2.4 Hawley’s Risk Theory of Profit                                                                                    

2.2.5 Knights Theory of Profit                                                                                              

2.2.6   The Modigliani- Miller Theorem                                                                                  

2.2.7    Tobin Q Theory of Investment                                                                                 

2.3 Empirical Review of Literature                                                                                       

2.3.1 Review of Studies for Developed Countries                                                                 

2.3.2 Review of Studies for Developing and Emerging Countries                                        

2.3.3 Review of Studies for Nigeria                                                                                     

2.4 Summary and Gap in Literature                                                                                      

CHAPTER THREE: METHODOLOGY

3.0 Introduction                                                                                                                    

3.1 Research Design                                                                                                             

3.2 Population                                                                                                                         

3.3 Sources and types of data                                                                                                

3.4 Model Specification                                                                                                          

3.5 Model Estimation Techniques                                                                                                

3.7 Ethical Issue                                                                                                                      

CHAPTER FOUR: DATA ANALYSIS, RESULTS

 AND DISCUSSION OF FINDINGS

4.1 Data presentation                                                                                                              

4.2 Data Analysis                                                                                                                                                                                  

4.2.1 Estimated results                                                                                                            

4.2.2 Return on Asset                                                                                                             

4.2.3 Profit after Tax                                                                                                              

4.2.4 Robust Checks                                                                                                               

4.2.5 Net worth                                                                                                                       

4.2.6 Return on Asset                                                                                                            

4.3 Discussion of Findings                                                                                                    

CHAPTER FIVE: SUMMARY, CONCLUSION AND

RECOMMENDATIONS

5.1 Summary                                                                                                                          

5.2 Conclusion                                                                                                                       

5.3 Recommendations                                                                                                           

5.4 Contribution to Knowledge                                                                                             

5.5 Suggestion for Further Studies                                                                                         

References                                                                                                                              

Appendices                                                                                                                             

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