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Corporate growth strategies and financial performance of quoted manufacturing firms in Nigeria: The mediating role of global economic crises

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  • Samson Ige Abolarinwa
  • Cosmas Ikechukwu Asogwa
  • Charity A. Ezenwakwelu
  • Timinepere O. Court
  • Samuel Adedoyin
  • Tor Eriksson

Abstract

This study examines the mediating role of global economic crises (GECs) in the effect of growth strategies on Nigerian manufacturing firms’ performance. The study used secondary data for the period between 2000 and 2017 in its analysis. Therefore, an expost facto research design was used in the analysis of 120 firms listed on the Nigerian Stock Exchange, which were selected out of 190 listed firms using a judgmental sampling technique. The researchers follow data cluster analysis approach to analyze the data for the time around a GEC, including pre-and post-crisis periods. The analysis reveals positive and statistically significant effects of internal growth strategies on return on assets and return on equity (coefficient = 9.474 and 6.277; P

Suggested Citation

  • Samson Ige Abolarinwa & Cosmas Ikechukwu Asogwa & Charity A. Ezenwakwelu & Timinepere O. Court & Samuel Adedoyin & Tor Eriksson, 2020. "Corporate growth strategies and financial performance of quoted manufacturing firms in Nigeria: The mediating role of global economic crises," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1750259-175, January.
    • Handle: RePEc:taf:oaefxx:v:8:y:2020:i:1:p:1750259
    DOI: 10.1080/23322039.2020.1750259
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