Impact of research and development cost on shareholders value of listed oil and gas firms in Nigeria Department:Accountancy By: SIRJOSEPH Project ID: 8554 Rating: (5.0) votes: 1 Price:₦4000 Get the Complete MaterialAbstractThis project work examines the effect of research and development costs on the shareholders’ value of listed oil and gas firms in Nigeria. This study examined whether research and development expenditure has any significant effect on firm profitability in the Nigerian oil and Gas industry. This research adopts the ex-post factor research design. The study draws its population from thirteen (13) quoted oil and Gas firms listed on the floor of the Nigerian Stock Exchange as at 31st December 2023. Data were gotten from published annual financial statements of quoted oil and gas firms. A sample of seven oil and gas firms was drawn from the population using a purposive sampling technique. The descriptive and inferential statistics were used in analysing the data. Regression analyses were used to analyse the collected data. Evidence from the regression results reveals that shareholders’ value has a significant and positive effect on firm profitability. In line with the findings, the study concludes that R&D expenditures do not significantly improve firm value. The implication of this study is that pursuing shareholder value maximization can only result in an immediate and temporary increase in profit margins, leaving the company in a very low financial state. Based on the findings and the conclusion drawn above, the study recommends that the board of directors of oil and Gas firms should increase, maintain and sustain R&D expenditures, especially in high-tech sectors like industrial sector goods....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )