Strategic Financial Management Practices and Return on Asset of Quoted Oil and Gas Firms in Nigeria
Owolabi Sunday,
Fijabi Lateef
Abstract:This paper evaluated the influence of strategic financial management practices (SFMP) on the return on assets (ROA) of quoted oil and gas firms in Nigeria. A simple random sampling was adopted for the sample with data generated from annual reports and accounts of sampled oil and gas firms in Nigeria for fifteen years (2006-2020) for the study. The findings showed that SFMP had significant influence on the ROA of quoted Oil and Gas firms in Nigeria (p-value =0.0003; <0.05). The result revealed that debt fina… Show more
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