期刊名称：International Journal of Academic Research in Business and Social Sciences
电子版ISSN：2222-6990
出版年度：2018
卷号：8
期号：12
页码：1073-1090
DOI：10.6007/IJARBSS/v8-i12/5154
语种：English
出版社：Human Resource Management Academic Research Society
摘要：The main aim of this study is to find out the effect of exchange rate fluctuation on the firm profitability of selected quoted conglomerates in Nigeria. Specifically, it investigated the extent to which exchange rate fluctuation affect return on capital employed. In pursuit of the objectives of this study, two hypotheses were formulated and tested using secondary data obtained from the firms’ annual report and CBN annual statistical bulletin. Data were analyzed using multiple regression analytical estimation technique with the aid of SPSSv21 which was used in determining the effect of exchange rate fluctuation on firm profitability. The findings confirmed that the two hypothesis tested were insignificant. Therefore, the researcher recommends that Government should uphold the restriction policy on the importation of similar products manufactured in Nigeria. If this is religiously pursued, it will create and open more markets for the locally manufactured goods to thrive. Also Government should make policy that aims at naira appreciation against foreign exchange which will greatly help reduce the cost of production in the manufacturing sector.
