Capital Structure and Value of a Firm in Nigeria

Francis , Dr. Abolade Akintola; OLAOYE, Dr. Samuel Adebayo; OGUNDIPE, Adeyemi Samson

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Capital Structure and Value of a Firm in Nigeria

American Based Research Journal, Vol. 8 Issue 11, November 2019

8 Pages Posted: 22 May 2020

See all articles by Dr. Abolade Akintola Francis

Adeyemi Samson OGUNDIPE

affiliation not provided to SSRN

Date Written: November 01, 2019

Abstract

This study investigates the capital structure and value of quoted manufacturing firms in Nigeria. Secondary data was obtained from Factbook published by the Nigerian Stock Exchange (NSE) and financial statements of the investigated companies from 2008-2014. A panel regression model was employed to analyze the data. The results showed a significant and positive relationship between capital structure and market price per share of Nigerian quoted manufacturing firms.

Keywords: Capital structure, financial leverage, operating leverage, optimal capital structure, market price per share, market value

Suggested Citation: Suggested Citation

Francis, Abolade AKINTOLA and OLAOYE, Dr. Samuel Adebayo and OGUNDIPE, Adeyemi Samson, Capital Structure and Value of a Firm in Nigeria (November 01, 2019). American Based Research Journal, Vol. 8 Issue 11, November 2019, Available at SSRN: https://ssrn.com/abstract=3585702