Firm structural traits and stock performance of agricultural sectors quoted in the Nigerian Exchange Group
DOI:
https://doi.org/10.62486/agma2025231Keywords:
Firm Structural Traits, Stock Performance, Agricultural Sector, FirmsAbstract
The study investigated firm structural traits and stock performance of agricultural sectors quoted in the Nigerian Exchange Group. The firm structural traits in this study are return on assets, firm size, firm leverage, business risk, asset structure and firm age and market capitalization. The quantitative research utilized in the study aims to employ the pairwise comparison technique so as to analyze how firm structural characteristics influence stock performance. Pairwise comparison is the technique of contrasting the performance output of one individual firm against the output of the rest of the firms in the sample. In realising this, the study will aim at utilising a longitudinal and ex post facto research design. The study is done on NGX firms as of 31st December 2023. The NGX has 5 agricultural quoted firms. The sampling method that was used in this research study was purposive sampling. In order to carry out this study the 5 firms, where the available and accessible annual reports are available, covering the period of the study, 2020-2023, were utilized hence 2020-2021 was considered the COVID year and the other period, 2022-2023, was considered the post-COVID year. The finding reveals that ROA had an almost significant negative relationship with the stock performance during COVID-19 and an insignificant relationship with the stock performance post COVID, indicating that profitability did not play a significant role in the recovery period. The study concluded that the agriculture sector displays a strong predictability of SP during and after COVID-19. It was recommended in the study, firms ought to engage in growth strategies to enjoy economies of scale.
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Copyright (c) 2025 Samuel Ejiro Uwhejevwe-Togbolo, Augustine Akpojevwa Okwoma, Sunny Oteteya Temile, Martins Otuedon Ajueyitse (Author)
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