Capital intensity indicates how much money is invested to produce one rupee of sales revenue. Business tangible properties or tangible assets are real things that a company has such as buildings or equipment. Capital intensity and tangibility has the vital role in the firms' financial...

This paper examined the application of nonlinear Smooth Transition-Generalized Autoregressive Conditional Heteroscedasticity (ST-GARCH) model of Hagerud on prices of banks’ shares in Nigeria. The methodology is informed by the failure of the conventional GARCH model to capture the asymmetric...