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.
Background of the Study
Regulatory bodies play a significant role in ensuring corporate governance compliance, particula...
Abstract: This study explores the role of artificial intelligence (AI) in vocational skill...
Background of the Study
Vector-borne diseases, such as malaria and dengue fever, remain significant public health threat...
Background of the Study
E-learning platforms have become an integral part of education, particularly in response to the increasing relian...
Background of the Study
Government contracts are an important part of public sector financial managemen...
ABSTRACT: This study examined the Impact of Early Childhood Education on Healthcare Access. The objectives of thi...
Background of the Study
Deforestation has been a growing environmental issue globally, and Katsina Local Government Area (LGA) in Katsina...
Background of the Study
Falls among the elderly are a significant public health concern, often leading to injuries, disability, and incre...
ABSTRACT
This study was carried out to examine the attitude of teenagers to English language in Ado loc...
BACKGROUND OF THE STUDY
Despite successive governments' efforts to alleviate poverty, Nigeria's condition is ra...