THE IMPACT OF DEBT FINANCING ON FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract :
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Debt financing decision is among the key financial decisions that are taken by firms since debt financing has an impact on the financial performance. Leverage financing provides the borrower with an opportunity to finance an investment on a short term source at the same time spreading the cost of capital over time so as to meet the affordability and budgetary constraints. This study set out to determine impact of debt financing on the financial performance of manufacturing firms in Western Nigeria. The study applied a descriptive research design and carried out a census of the 61 manufacturing firms in Western Nigeria. The study used secondary data which was collected using a data collection form. The data collection form obtained data for a period of three years from 2014 to 2016. Multiple linear regression was employed to ascertain the association linking dependent variables and independent variables. The results found that the relationship between debt financing and financial performance of manufacturing firms in was positive and insignificant and that the relationship between revenue growth and financial performance of manufacturing firms in Western Nigeria was positive and insignificant. The study also found that the relationship between administrative efficiency and financial performance of manufacturing firms in Western Nigeria was negative and significant while the relationship between operational efficiency and financial performance of manufacturing firms in Western Nigeria was negative and significant. The study concluded that debt financing does not affect the financial performance of manufacturing firms in Western Nigeria. The study also concluded that administrative efficiency and operational efficiency significantly affect the financial performance of manufacturing firms in Western Nigeria.
Related Project Materials
EVALUATION OF THE ROLE OF CENTRAL BANK OF NIGERIA IN ENSURING EFFICIENT AND EFFECTIVE BANKING OPERATION IN NIGERIA
BACKGROUND OF THE STUDY
The need for supervision and control of commercial banks activities is to ensur...
THE IMPACT OF TELEVISION ON THE LEARNING HABITS OF PRIMARY SCHOOL CHILDREN
ABSTRACT
Television has been an instrument of learning. Its roles cannot be underestimated for children, who are...
CRITICAL ANALYSIS OF IMPROVING THE DELIVERY ACCURACY IN CARGO HANDING
Abstract
This is study on critical analysis of improving the delivery accuracy in cargo handling with Arik Airline cargo...
THE IMPACT OF HUMAN RESOURCES MANAGEMENT ON PRODUCTIVITY OF AN ORGANIZATION
ABSTRACT
This study examines The Impact of Human Resources Management on Productivity of an Organization (A case study N...
AN INVESTIGATION OF STUDENTS AWARENESS IN THE 18+ WARNING SIGN ON ALCOHOL ADVERTISEMENTS IN NIGERIA TERTIARY INSTITUTION
Background to the Study
It is possible that alcohol is the substance that is used the most often by teenagers. It is a p...
ASSESSING POST ENDSARS PROTEST EFFECT ON LIVES AND PROPERTIES IN NIGERIA.
ABSTRACT
The EndSars protest left memories not just on the Nigerian people but on her econo...
THE IMPACT OF E-NAIRA ON DEPOSIT MONEY BANK
Background of the study
Banks are a vital part of every economy. It is the driving force behind society...
AN APPRAISAL OF THE PRINCIPLES OF GIFT (HIBAH) IN ISLAMIC LAW AND ITS APPLICATION IN KADUNA, KANO AND KEBBI STATES
ABSTRACT
Gift is a concept which every individual is engaged in willingly or unwillingly, either as a donor or recipient which has become...
MICROBIOLOGICAL ASSESSMENT OF INDOOR AND OUTDOOR AIR
ABSTRACT
This study was aimed at investigating the microbial load and the quality of indoor air Faith M...
TYPOLOGY, CAUSATIVE FACTORS AND PREVENTIVE STRATEGIES OF ACCIDENT IN TECHNICAL COLLEGE WORKSHOPS IN KWARA AND KOGI STATES
Background to the Study
The fundamental emphasis of technical and vocational education programme is skills development. Technical educati...
