Market Risk and Corporate Financial Performance of Manufacturing Firms in Nigeria

Dibua; Ekene C; Okonkwo; Mary Theresa

doi:10.56201/jafm.vol.11.no9.2025.pg43.52

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Market Risk and Corporate Financial Performance of Manufacturing Firms in Nigeria

Dibua, Ekene C, and Okonkwo, Mary Theresa

Abstract

The study examined the impact of market risk on corporate financial performance of manufacturing firms in Nigeria. Descriptive research design was adopted for this study. Data on corporate financial performance of the firms in manufacturing sector were extracted from annual report and accounts of eight (8) firms individually in manufacturing sector in Nigeria. ata were analyzed using multiple regressions with the aid of (SPPSS version 20) to examine the impact market risk has on corporate financial performance. Findings indicate that there was evidence that market risk has no significant impact on corporate financial performance of firms in manufacturing sector. The implication of the findings is that the higher the market risk taken, the higher the corporate financial performance and reverse is the case. We therefore, recommend that management must at all times identify the level of interest rate risk and ensure that strategies, policies and processes are implemented effectively and fully integrated into the firm’s corporate financial performance in the manufacturing sector. Monetary policy committee should work tireless to ensure that the naira foreign exchange rate to other currency are stable despite a sharp fall of the currency on the parallel market due to shortage of other currencies.

Keywords

Market riskCorporation financial performanceExtreme value theory

References

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Market Risk and Corporate Financial Performance of Manufacturing Firms in Nigeria

Abstract

Keywords

References

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