THE IMPACT OF CAPITAL ALLOWANCE ON INVESTMENT DECISION OF SELECTED OIL AND GAS COMPANIES IN NIGERIA

F. I. Ahakiri, J. O. Oboh

Abstract


The study focused on the impact of capital allowance on investment decision of selected oil and gas companies in Nigerian. Expo-facto research design was adopted. Two hypotheses were formulated to guide the study and were tested at 95 percent confidence level. The population consists of fifteen (15) oil and gas companies listed on the Nigerian Stock Exchange, the sample size used was seven oil and gas companies and judgmental sampling technique was adopted for the study. Data for the study were collected through secondary source. This was analyzed with Ordinary Least Square (OLS) regression technique. And the result of the hypotheses tested revealed that there is a positive and significant relationship between capital allowance and investment decision. Based on the findings, it was recommended that government should set up a body that will ensure regular review of capital allowance provided to investors and ensure that gray areas are addressed in order to enhance and attract more investors. 

 

JEL: D24, E22, G11

 

Article visualizations:

Hit counter

DOI

Keywords


capital allowance, investment decision, oil and gas companies, Nigeria

References


Adegboyega, J. A. (1998). Analysis of Taxation Principles for Nigerian Students. Lagos: Martin Adejuwon Nigeria Enterprise.

Anan (2014).Finance and Financial Management. Abuja: Charvid Digital Press.

Anyakwu, E. (2010) theory of investment. International Journal of Research in Commerce and management, 4(10).

Bassey, O. U. (2013). Companies Taxation in Nigeria. Lagos: CBN Press LTD.

Central Bank of Nigeria (2014). Statistical Bulletin. Abuja: Central Bank of Nigeria.

Nigeria Stock Exchange (2014). Stock exchange fact book, Abuja: Nigeria stock exchange.




DOI: http://dx.doi.org/10.46827/ejmms.v0i0.243

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 F. I. Ahakiri, J. O. Oboh

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2015-2018. European Journal of Management and Marketing Studies (ISSN 2501 - 9988) is a registered trademark of Open Access Publishing GroupAll rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.