What question did this study set out to answer?

The study aims to determine how asset efficiency metrics affect the financial performance of bottling firms in Nigeria.

April 21, 2026Open Access

Asset Efficiency and Financial Performance of Selected Bottling Firms in Nigeria: Evidence from Panel Data Analysis

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Authors

AAA. O. Adeniyi AAA. M. Adisa DAD. A. Alabi

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Implication

This analysis investigates asset efficiency's impact on financial performance in Nigerian bottling firms, suggesting implications for broader economic factors.

Key Points

The study aims to determine how asset efficiency metrics affect the financial performance of bottling firms in Nigeria.
Employs an ex-post facto design using balanced panel data from 2010-2019.
Utilizes pooled ordinary least squares (OLS), fixed effects (FE), and random effects (RE) models for estimation.
Conducts the Hausman specification test for model selection and performs diagnostic tests for multicollinearity and heteroskedasticity.
Asset efficiency proxies show positive coefficients but lack statistical significance.
Findings suggest that broader structural and macroeconomic factors influence financial performance beyond internal efficiency metrics.

Cite This Study

Adeniyi et al. (2026) studied this question.

synapsesocial.com/papers/69e713fdcb99343efc98d6c1 https://doi.org/10.5281/zenodo.19648530

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Implication

This analysis investigates asset efficiency's impact on financial performance in Nigerian bottling firms, suggesting implications for broader economic factors.

Asset Efficiency and Financial Performance of Selected Bottling Firms in Nigeria: Evidence from Panel Data Analysis

Discussion

Member takes

Implication

Key Points

Cite This Study

Asset Efficiency and Financial Performance of Selected Bottling Firms in Nigeria: Evidence from Panel Data Analysis

Discussion

Member takes

Implication

Key Points

Cite This Study

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