BUSINESS VALUATION MODEL AND SHAREHOLDERS WEALTH OF LISTED MANUFACTURING COMPANIES IN NIGERIA

Authors

  • Paago, Ledibabari (Ph.D)
  • Essiet, Victor Eniema

Keywords:

business valuation, shareholders wealth, manufacturing firms.

Abstract

The purpose of this study is to examine the relationship between business valuation model and shareholders wealth of manufacturing companies in Rivers State. The study adopted cross sectional survey design; hence the study is a correlational study. The population of the study comprises of thirty (30) manufacturing companies in Rivers State. The study target respondents comprised of customers manufacturing companies in Rivers State which gave a total of three hundred and seventeen (317) respondents. Because of the target study respondents was finite in number, the entire respondents were studied using census. The data collection for the study was done through the use of structured closed ended questionnaire. The collected data was analyzed using Pearson Product Moment Correlation Coefficient Statistics (PPMCC) and data presented through Statistical Package for Social Sciences (SPSS) version 20.0. The study findings showed all the dimensions of the predictor variable (business valuation models) of asset based valuation, income based valuation, and dividend and the measures of criterion variable (listed price) of stock price showing positive significant relationship. Also, the study finding showed business valuation models were an indispensable tool for listed price in manufacturing companies in Nigeria, relying on the study findings, we concluded that, there is a significant positive relationship between asset valuation model and stock price. We therefore, recommended that the management of manufacturing companies should pays attention to various business valuation models outcomes and strategically integrates them to the operational activities of the employees; this will invariably enhance the job performance and creativity level in term of idea generation to make effective talent decisions

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Published

2024-05-01

How to Cite

Ledibabari (Ph.D), P., & Victor Eniema, E. (2024). BUSINESS VALUATION MODEL AND SHAREHOLDERS WEALTH OF LISTED MANUFACTURING COMPANIES IN NIGERIA. BW Academic Journal. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/1878