Abstract
There exists divergence of opinion in literature on the relationship between capital structure and firms financial performance. This mix of opinions makes the direction of the relationship between debt holders and equity holders to be controversial. Therefore, this study investigated the impact of capital structure on financial performance of listed manufacturing firms in Nigeria. The study formulated four hypotheses and used generalized least square multiple regression to analyze the secondary data extracted from the annual reports and accounts of the 31 sampled firms for the period 2009 to 2014. The study found that total debt, long-term debt and short-term debt have significant impact on the financial performance of listed manufacturing firms in Nigeria. The study also found that total debt to total equity has no significant effect on the financial performance of the firms. In view of the findings, it is recommended among others that the management of listed manufacturing firms should work very hard to increase the short term debt to total assets component of their capital structure, since it has positive impact on their financial performance. Also, the firms should reduce the level of total debt to total assets and long term debt to total assets in their capital structure components, because they affect their financial performance negatively.
Abstract
In distributed systems it is often useful to ensure that messages sent between processes in a group are received by all group me...
ABSTRACT
This project titled the effects and consequences of social media on music artists, music consumption and its im...
Abstract
This research work investigated the role of field work in teaching and learning of geography in Niger Delta Col...
ABSTRACT
This study was carried out on the purchasing of banking and financial services in Nigeria, using Eco Bank as ca...
CHAPTER ONE
INTRODUCTION
Introduction
This chapter presents the in...
BACKGROUND OF THE STUDY
Infant mortality refers to the death of a child born alive before its first bir...
ABSTRACT
The researcher measured People’s Perception of Televangelism in Enugu Urban. To ensure t...
ABSTRACT
The main aim of this study is to examine the role of public relations in achieving organizational objective...
THE ROLE OF SALES LEADERSHIP IN DRIVING TEAM PERFORMANCE
This study investigates the r...
Abstract
Since 2005, Big Data analytics have been gaining traction and recognition as an essential and rewarding business resource to enh...