http://publications.oasisinternationaljournal.org/index.php/Ijnhssm <p> IJNHSSM publishes original research papers from all disciplines in Business, Humanities, Business and Social Science such as accounting, Anthropology, Ancient and Modern languages, Area studies, Business Administration, Business Education, Business management, Banking and Finance, communication studies, cooperate governance, criminology, cross cultural studies, demography, developmental studies, Economics, Education, Geography, Guidance and Counselling, History, International Relations, Information science, Industrial relations, law, linguistics, library science, literature, management science, media studies, methodology, measurement and evaluation, philosophy, political science, population studies, psychology, public administration, para-legal, performance arts (Music and Theatre), Religious studies, social study, sociology, theology, visual arts, women studies and so on.</p> Oasis International Research Institute en-US International Journal of Novel Research in Humanities, Social Science and Management http://publications.oasisinternationaljournal.org/index.php/Ijnhssm/article/view/74 <p>The study examined Firm attributes and systematic risk in industrial goods firm in Nigeria. Six specific objectives and hypotheses were formulated. The study adopted ex-post facto research design. Cross sectional panel data secondarily sourced from the annual financial reports and accounts of ten (10) listed industrial goods firm in Nigeria, Central Bank of Nigeria Statistical Bulletin and Central Security Clearing System (CSCS) from 2012 to 2020 were analyzed using descriptive statistics, hausman specification test and ordinary least square regression analyses with the aid of E-view at 5% level of significance. The study proxy firm attributes using profitability, liquidity, financial leverage, firm size, operating efficiency and firm growth as explanatory variables while systematic risk proxy using firm beta as response variable. The study found that profitability, liquidity and financial leverage have negative coefficient and are insignificant firm attributes of systematic risk in industrial goods firm in Nigeria. Firm size maintains positive coefficient and is a significant attribute of systematic risk in industrial goods firm in Nigeria, while operating efficiency and firm growth maintain positive coefficient and significantly, non-attributes of systematic risk in industrial goods firm in Nigeria. The paper recommends that managers of Industrial goods firm in Nigeria should lookout for those operating, investing and financing policies that will improve and sustain the profitability (ROA), liquidity and financial leverage opportunity of the firm to contend with the systematic risk exposure that threatens the positive growth of industrial goods firm’ stock prices performance in Nigeria.</p> Chimaobi Desmond Obani Chidinma Nwamaka Ozuomba Copyright (c) 2024 Chidinma Nwamaka Ozuomba, Dr. Chimaobi Desmond Obani https://creativecommons.org/licenses/by-nc-sa/4.0 2024-04-13 2024-04-13 6 1 http://publications.oasisinternationaljournal.org/index.php/Ijnhssm/article/view/72 <p>Prices of oil and gas are generally known to be highly volatile and the recent price changes have caused several concerns for consumers, corporations and countries alike as they experience high dependency on oil and gas for transportation, electricity generation and industrial production. The specific objective of the study was to investigate interest rate change effect on financial performance of the oil and gas sector. The study also evaluated Firm size and firm age as a control variable. In so doing, data was sourced from active oil and gas firms quoted in the African Stock market. Panel data regression using Hausman’s fixed effect and random effect models was adopted. However, the study also conducted other diagnostic tests like multicollinearity test using Variance inflation factor, Heteroscedasticity test, correlation analysis. Findings showed that interest rate changes has positive and no significant effect on the performance of oil and gas firms listed on African stock market. Firm size does not have significant effect on interest rate and financial performance of oil and gas firms on the African stock market. And recommend that, Oil and gas companies increase the price of their commodity in order to overcome the rise in interest rate, as such increase their profit. However, management can ignore interest rate fluctuations since it’s not significant in determining the profitability of their firms. And that Government should find a way of stabilizing interest rate using its monetary policies to cub the fluctuations in oil price.</p> Magnus Nkemjika Ogujiofor Chidinma Nwamaka Chidinma Nwamaka Copyright (c) 2024 Ogujiofor, Magnus Nkemjika, Ozuomba Chidinma Nwamaka https://creativecommons.org/licenses/by-nc-sa/4.0 2024-04-13 2024-04-13 6 1