International Journal of Commerce and Management Research

International Journal of Commerce and Management Research


International Journal of Commerce and Management Research
International Journal of Commerce and Management Research
Vol. 3, Issue 11 (2017)

Relationship between profit after tax and investment decision in some selected oil and gas companies in Nigeria


Oboh JO, Ahakiri FI

The study seek to evaluate the relationship between profit after tax and investment decision in some selected oil and gas companies in Nigeria using quoted companies in the Nigeria stock exchange. The study adopted ex post facto research design and 15 oil and gas companies were used for the population of the study for the period of ten (10) years (2004-2013). Seven (7) companies were selected as the actual sample size using judgmental sampling techniques. Two null hypotheses were stated and analyzed using Ordinary Least Square statistical techniques. The result revealed that there is a positive relationship between profit after tax and investment decision but not significant. Based on this, it was recommended that the government should review tax incentives in order to encourage companies in the sector because presently the sector accounts for almost eighty percent of the government revenue.
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