ASSET MANAGEMENT AND FIRM VALUE OF LISTED OIL AND GAS FIRMS IN NIGERIA

The study determined the effect of asset management on the firm value of listed oil and gas firms in Nigeria, using fixed asset turnover ratio and total asset turnover ratio affect the Tobin’s Q of listed oil and gas firms in Nigeria. Ex-post facto design was adopted in the study. The sample for this study was determined through purposive sampling, selecting five out of the population of nine (9) listed oil and gas firms in Nigeria. The secondary data for the study were collected from the annual reports of the firms over a ten year period from 2014 to 2023. Data were analyzed using descriptive statistics and tested the hypotheses with ordinary least squares (OLS) regression. The study found that Fixed Asset Turnover Ratio has a positive but non-significant effect on Tobin's Q of listed oil and gas firms in Nigeria, while Total Asset Turnover Ratio has a negative but non-significant effect on Tobin's Q of listed oil and gas firms in Nigeria. The study recommends that the boards of directors of listed oil and gas firms should prioritize investments in training and development for operational staff to ensure optimal utilization of fixed assets. This training can enhance asset productivity and support sustainable growth in firm value.