Description
Abstract
This research is on Capital structure and corporate performance of listed manufacturing firms in Nigeria. This study examined the impact of capital structure on the corporate performance of listed manufacturing firms in Nigeria. The main objective of this study is to determine the effect of total debt to total equity, the ratio on the corporate performance of manufacturing firms in Nigeria. The data used were mainly from secondary sources extracted from the annual reports and accounts of the 31 sampled firms for the period 2015-2020. The data were analyzed using least square multiple regression. The study found that total debt, long-term debt and short-term debt have a significant impact on the corporate performance of listed manufacturing firms in Nigeria. In view of the findings, it is recommended among others that the management of listed manufacturing firms should work very hard to increase the short-term debt to the component of the total assets of their capital structure.
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