Capital Structure and Value of a Firm in Nigeria
Author(s)
Dr. Abolade Francis AKINTOLA , Dr. Samuel Adebayo OLAOYE , Adeyemi Samson OGUNDIPE ,
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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.
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