AN ANALYSIS OF THE EFFECT OF COMPANY ASSETS ON MARKET VALUE OF OIL AND GAS FIRMS IN NIGERIA (A STUDY OF CONOIL PLC, 2014-2023)
Abstract
The research is on “An Analysis of the Effect of Company Assets on Market Value of
Oil and Gas Firms in Nigeria (A Study Of Conoil Plc, 2014-2023)”. The specific
objectives of the study include the following: examine the effect of current assets on
share price, determine the effect of non-current assets on share price and evaluate the
effect of intangible assets on share price. Ex-post factor research design was adopted
for the study. Conoil Plc Company was chosen among the oil and gas firms
covering a period of 2014-2023. Secondary data was used for the study while
hypotheses formulated were tested using e-view 10 which resulted in the findings
that: current assets, non-current assets, intangible assets have no significant effect on
share price of Conoil Plc. The study recommended that the Conoil Plc should boost
their current assets, but should keep it at an optimum level that will ensure that
maturing short-term business obligations are met and at the same time avoid keeping
excess idle funds.
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