Corporate performance boosts stock prices in Nigeria, impacting market value.
The study looked at how well companies in Nigeria's stock market are doing and how that affects their stock prices. They focused on Nestle Food Nigerian Plc and found that stock prices, earnings per share, dividends per share, and profit margin all play a role in how much a company is worth on the stock market. They used data from Nestle's reports from 1991 to 2018 and found that there is a strong positive relationship between stock price and market value. Profit margin has a weak positive relationship with market value, while dividends per share have a positive effect and earnings per share have a negative effect on market value. The study concluded that a company's performance has a significant impact on its stock prices in Nigeria's stock market.