EFFECT OF FIRM SIZE ON RETAINED EARNINGS OF CONSUMER GOODS FIRM IN NIGERIA (2015 -2024)

Abstract

The study examined ‘the Effect Of Firm Size On Retained Earnings Of Consumer Goods manufacturing firm, Cadbury Nigerian Plc (2015 -2024)’ Total assets, total sales, total number of employees and profit after tax were considered as independent variables while retained earnings was use as the dependent variables to proxy all the independent variables. Conceptual, theoretical and empirical review were used in reviewing the related literature. The study adopted ex- post facto research design. The data were gotten from the audited financial report of Cadbury Nigeria plc. The collected data were analyzed using panel data regression analysis and t-statistics. The study revealed that total assets (TA), total sales (TS), total number of employees (TNN) and profit after tax for the years have a significant effects on the retained earnings (RE) of Cadbury Nigeria Plc. Based on the result of the data, panel data analysis and the findings, the study concludes that total assets, total sales and profit after tax of the consumer goods manufacturing firms positively and significantly affect retained earnings of the firms. the study recommends that Cadbury Nigeria Plc increase their total assets, total sales, total number of employees and Profit after tax in order to increase the retained earnings of the firm.