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Product Market Competition and Market-Based Performance Extremeness of Quoted Non-Financial Firms in Nigeria

Lawrence, U. Egbadju

Abstract

This study investigates the relationship between product market competition and performance extremeness of listed non-financial firms in Nigeria. Secondarily sourced panel data over the period from 2007 to 2022 of 30 of those firms on the floor of the Nigerian Exchange Group (NXG) was used. The estimated generalized least squares (EGLS) results reveal that two of the variables (HHIA and LI3) are positively and statistically significant with performance extremeness; three variables (LI1, LI2 and BI) are negatively and statistically significant with it while HHIS, CRS and CRA are insignificant.

Keywords

roduct market competition; performanceEGLSNXGNon-financial firms.

References

Alejo, J., Galvao, A., Montes-Rojas, G. M. & Sosa-Escudero, W. (2015). Tests for normality in linear panel-data models. The Stata Journal, 15 (3), 822–832 Becker, T. E. (2005). Potential problems in the statistical control of variables in organizational research: A qualitative analysis with recommendations. Organizational Research Methods, 8 (3), 274-289. Boone, J. (2004). A new way to measure competition. (CentER Discussion Paper; Vol. 2004-31). Macroeconomics, 1-36 Cinelli, C., Forney, A. & Pearl, J. (2022).A crash course in good and bad controls. Forthcoming, Journal Sociological Methods and Research, 1-30.

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