Acceso al sitio web del Consejo de Políticas de Infraestructura

   
ARTÍCULO
TITULO

Firm Performance and Capital Structure Choice of Firms: Evidence from Nigeria

     

Resumen

This paper investigates the relationship between firm performance and capital structure of firms in Nigeria. Using panel data consisting of 115 firms over the period 1998-2012, the generalized method of moments results indicate that firm performance is statistically significant negatively related to capital structure of firms thereby supporting the franchise-value hypothesis. The paper therefore concludes that past performance of firm impact on their capital structure. Based on this, the study recommends that firms in emerging markets may need to improve on their financial performances so that they can optimize their capital structure decisions.Keywords: capital structure, generalized method of moments, firm performance, agency cost.

PÁGINAS
pp. 1 - 16
REVISTAS SIMILARES
Computation
Algorithms
Water

 Artículos similares

       
 
Jozsef Pap, Csaba Mako, Miklos Illessy, Norbert Kis and Amir Mosavi    
Identifying the performance factors of organizations is of utmost importance for labor studies for both empirical and theoretical research. The present study investigates the essential intra- and extra-organizational factors in determining the performanc... ver más

 
Tran Hung Nguyen, Xuan Cu Le and Thi Hai Ly Vu    
Digital transformation has profoundly influenced various socio-economic fields and induced retailing firms to utilize digital innovations to maximize business effectiveness in the digital era. The study aims to pinpoint the motivations for online retaili... ver más

 
Minjoon Kim, Hyunyeong Kim, Kwangsoo Shin and Changhyeon Song    
Due to the increased need for the efficient use of public funds and the importance of private investment, there have been many studies on the effects of these factors on corporate performance. However, few studies have been conducted based on an integrat... ver más

 
Mucahit Atalan, Luke J. Prendergast, Athina Grizi and Nick Thom    
Higher train speeds and heavier axle loads trigger elevated stresses and vibrations in the track, potentially increasing track deterioration rates and maintenance costs. Alternative track forms made of combinations of reinforced concrete and asphalt laye... ver más
Revista: Infrastructures

 
Atefeh Mousavi, Mehdi Mohammadzadeh and Hossein Zare    
This is an analytical, descriptive, and cross-sectional case study to identify a pharmaceutical company?s organizational life cycle (OLC) situation using clustering methods. Data came from Iran?s pharmaceutical firms in 2001?2018. We used sales growth, d... ver más