Effects of Firms Characteristics on Financial Performance of listed Insurance Companies in Nigeria

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Abstract

This study examines the Effect of Firms Characteristics and Financial Performance of Listed Insurance Companies in Nigeria. The data for the study were collected from the annual reports and accounts of Insurance companies quoted in the Nigeria Stock Exchange (NSE) within the period of 2007 and 2016. Robust regression analysis was used to test the hypothesis in addition to some diagnostic tests conducted on the data. The results of the study revealed that liquidity and Age have significant negative impact on financial performance of insurance companies in Nigeria. The study recommends that companies are to convert significant part of their cash and cash equivalent into productive assets that can improve their financial performance

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