Abstract
This study assesses the investment value of Telecommunication firm so as to determine whether it is comparable with commercial banks in Nigeria, using performance variables; profitability ratios, dividend coverage ratios, debt-equity ratios and Efficiency ratios. Ipso- facto and time series research design were adopted. Data were collected from seven years annual reports and accounts of the Telecommunication firms and commercial banks to compute the ratios on Profitability; Dividend cover; long-Term solvency and operating Efficiency. The data collected were analyzed with financial ratios and t-test statistic was used to determine whether there were significant differences in mean of Telecommunication firms as against their commercial banks counterpart. Findings show that there is a significant difference between the profitability of telecommunication firms with that of commercial banks in Nigeria; that there is a significant difference between the coverage ratio of telecommunication firms with that of commercial banks in Nigeria; that there is a significant difference between the debt ratio of telecommunication firms with that of commercial banks in Nigeria and also that there is a significant difference in the efficiency ratios of telecommunication firms with that of commercial banks. The implication of this finding is that telecommunication firms have high investment value than commercial banks and as such telecommunication firms do not maintain high liquidity value when compare with commercial banks.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
