The aim of this paper is to examine the impact of a firm’s investment decisions on its market value in Nigeria. The data consist of 10 publicly quoted companies selected from three different sectors; consumer goods, oil and gas and construction. The study covers a period of seven years from 2009 to 2015. Comparing the estimated pooled OLS model with the fixed effects model shows that although, the coefficient of non-current asset is positive and highly significant for both models, the fixed effects model however, outperforms the pooled OLS model. The implication of the result is that industry-company specific effects are significantly related with the firm’s market value. However, when t
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