Acquisition Cost and the Performance of Real Estate Investment 
in Nigeria: A Panel Data Approach

Okore Amah Okore; PhD

Acquisition Cost and the Performance of Real Estate Investment in Nigeria: A Panel Data Approach

Okore Amah Okore, PhD

Abstract

The study examined the impact of acquisition cost on the performance of real estate investments in Nigeria. The ex-post facto research design was adopted to enable the researcher make use of secondary data to determine the cause-effect relationship of the costs of acquisition of assets and performance of real estate investments in Nigeria. The dependent and independent variables were observed over the period, 2015 to 2020. The data collected from the annual financial reports of the various quoted real estate companies in Nigeria were analyzed and tested using econometric analytical technique to determine the impact of the independent variable, on the dependent variables. The hypotheses were tested using the E-view statistical software adopting the Panel Least Square (PLS) method on the regression models adopted. The signs and significance of the regression coefficients were relied upon in explaining the nature and influence of the independent variable on the dependent variable as to determine both magnitude and direction of impact. Findings from the study revealed that investment cost had positive and significant impact on the performance of real estate investments in Nigeria while management cost, and finance cost had negative but significant impact on the performance of real estate investments in Nigeria. The study therefore, recommended that the government should make policies that will encourage real estate investment development in Nigeria, as way of diversifying the economy.

Keywords

Acquisition CostReal EstateInvestmentNigeria

References

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Acquisition Cost and the Performance of Real Estate Investment in Nigeria: A Panel Data Approach

Abstract

Keywords

References

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