International records / OpenAlex research

Effect of Short-Term Financial Obligations on Profitability of Oil and Gas Firms in Nigeria

This study investigates the effect of short-term financial obligations on the profitability of oil and gas firms in Nigeria. It specifically looks at how short-term loans and accounts payable affect profit for the year (PFY). The study uses panel data from the annual reports of selected oil and gas companies and employs an ex post facto design. The hypotheses were evaluated using multiple regression analysis, which relied on t-statistics and p-values to determine the significance of the effects and coefficient signs to understand the direction of the association. The results show that accounts…