文章基本信息

标题：Capital Structure and Firm Performance in Nigerian-Listed Companies
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作者：Matthew Adeolu Abata ; Stephen Oseko Migiro
期刊名称：Journal of Economics and Behavioral Studies
电子版ISSN：2220-6140
出版年度：2016
卷号：8
期号：3
页码：54-74
DOI：10.22610/jebs.v8i3(J).1289
语种：English
出版社：International Foundation for Research and Development (IFRD)
摘要：A number of business failures have not been reported in Nigeria arising from inability to payback nor does service debts .This paper empirically investigate the relationship between capital structure and firm performance in the Nigerian listed firms. A sample of 30listed firms out of a population of 173 were examined from 2005 to 2014 using multiple regression tools. Two hypotheses were formulated and tested using descriptive statistics and an econometric panel data technique to analyze the gathered data. An insignificantly negative correlation was found between financial leverage and ROA on one hand and a significantly negative relationship between debt/equity mix and ROE on the other hand. It is therefore recommended that firms should use long term liabilities to finance firmâ€™s activities and mix debt/equity appropriately by ensuring that debt financing ratio is lower to enhance corporate performance and survival.