Sources of finance and organizational performance in the downstream petroleum industry in Nigeria.
xii,90p
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| Κύριος συγγραφέας: | |
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| Μορφή: | Thesis |
| Γλώσσα: | Αγγλικά |
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Obafemi Awolowo University
2019
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| Διαθέσιμο Online: | https://ir.oauife.edu.ng/handle/123456789/3852 |
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| _version_ | 1810764569967067136 |
|---|---|
| author | Animasaun, Rasheed Olatunji |
| author_facet | Animasaun, Rasheed Olatunji |
| author_sort | Animasaun, Rasheed Olatunji |
| collection | DSpace |
| description | xii,90p |
| format | Thesis |
| id | oai:ir.oauife.edu.ng:123456789-3852 |
| institution | My University |
| language | English |
| publishDate | 2019 |
| publisher | Obafemi Awolowo University |
| record_format | dspace |
| spelling | oai:ir.oauife.edu.ng:123456789-38522023-05-13T11:29:06Z Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. Animasaun, Rasheed Olatunji Petroleum Petroleum industry Finance Nigeria Downstream petroleum Downstream petroleum industry Downstream finance source Downstream finance xii,90p This study examined the various sources of finance employed by the downstream petroleum firms in Nigeria. It also determined the effect of long-term finance on profitability. Furthermore, it ascertained the impact of short-term finance on profitability and found out the relationship between the medium-term finance and profitability in view of providing information of the significant effect of long-term and short-term finance on organizational performance. The study employed secondary source of data. The technique of analysis was fixed-effect model through the panel data collected. The research design is quantitative. The targeted population consisted of 25 downstream petroleum firms in Nigeria from which a sample of 20 was selected using a purposive sampling technique. Data were sourced on variables such as profit after tax; long-term source of finance, short-term source of finance and medium-term source of finance from the audited financial statements of downstream petroleum firms. The data collected from the audited financial statements of the 20 firms covered 5 years between the periods of 2010-2014. The results of the study revealed that sources of finance as a whole significantly affected organizational performance in the downstream petroleum industry in Nigeria as F-statistic = 249.1042 with Prob. value = 0.0000. Also, it was found that the results of the study were in consonance with the theoretical apriori expectations. Moreso, the study revealed that long-term finance significantly affected profitability as the t-value of long-term finance was -5.644289 with its attendant Prob. value = 0.0000. Furthermore, it was found that short-term finance significantly impacted on profitability as the t-value of short-term finance was 9.881206 with its attendant Prob. value = 0.0000. Moreover, the study showed that there was direct relationship between the medium-term finance and profitability as the slope of coefficient was 0.178386. This indicated that 1% increase in medium-term finance would make the profitability to increase by 17.8%. The study concluded that in as much as sources of finance affected performance in the downstream petroleum industry, the management and board of directors should pay attention to the utilization of these sources particularly short-term finance so as to avoid mismatch. 2019-02-05T10:53:41Z 2019-02-05T10:53:41Z 2016 Thesis Animasaun, R.O. (2016). Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. https://ir.oauife.edu.ng/handle/123456789/3852 en application/pdf Obafemi Awolowo University |
| spellingShingle | Petroleum Petroleum industry Finance Nigeria Downstream petroleum Downstream petroleum industry Downstream finance source Downstream finance Animasaun, Rasheed Olatunji Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. |
| title | Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. |
| title_full | Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. |
| title_fullStr | Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. |
| title_full_unstemmed | Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. |
| title_short | Sources of finance and organizational performance in the downstream petroleum industry in Nigeria. |
| title_sort | sources of finance and organizational performance in the downstream petroleum industry in nigeria |
| topic | Petroleum Petroleum industry Finance Nigeria Downstream petroleum Downstream petroleum industry Downstream finance source Downstream finance |
| url | https://ir.oauife.edu.ng/handle/123456789/3852 |
| work_keys_str_mv | AT animasaunrasheedolatunji sourcesoffinanceandorganizationalperformanceinthedownstreampetroleumindustryinnigeria |