Kwara State University
Tajudeen Lawal
Designation: LECTURER II/Mr
Department: Accounting and Finance
| My Publications | ||||||||
|---|---|---|---|---|---|---|---|---|
| S/N | Title | Abstract | Authors | Volume Numbers | Publication Type | Publication Date | Link | |
| 1 | The impact of capital structure on the performance of listed conglomerates firms In Nigeria |
This study examines the impact of capital structure on the performance of quoted conglomerates firms in Nigeria by analysing the relationship between financial performance and measured by net margin with short term and long term debt. Two variables identified in literature to have influence on firm performance, namely size and efficiency are used as control variables. The study covers seven conglomerates firms in Nigeria for the year 2002 through to 2011. Panel data for the selected firms were generated and analysed using generalised least square with the application of random effect regression as a method of of estimation. The study reveals that short term debt has significant negative impact on net margin of the firms. However, the study reveals that long term debt has no significant impact on net margin of the firms. The study recommends that quoted conglomerates firms in Nigeria should reduce debt levels in their capital structure so as to enhance their financial performance. Keywords: Short term debt, Long term debt, Financial performance, STATA, NM, Conglomerates | Lawal, L. O. Lawal, T. and Mohammed, A | 1(1) | NSUK Journal of Banking and Finance Research | 2014-02-26 | ||