Since 2014
Capital structure and the value of the firm: evidence from the Nigeria banking industry
The Journal of Accounting and Management
View Archive Info| Field | Value | |
| Title |
Capital structure and the value of the firm: evidence from the Nigeria banking industry
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| Creator |
LAWAL, adedoyin isola; Department of Accounting and Finance, Landmark University, Omu Aran
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| Subject |
Debt; Equity; Value of a Firm; Capital Structure; Banks.
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| Description |
Using data sourced from Nigerian commercial banks between the periods 2007 to 2012; this study examined the factor that magnifies the value of a firm. We used OLS technique and White-HAC heteroskedastcity test to infer the relationship between capital structure and the value of a firm in Nigeria. It was observed that debt instrument play significant role in magnifying the value of Nigerian banking firms, while equity role is partially significant. We suggest that bank managers as well as regulators adopt measures that will promote leverage usage so as to maximise the overall value of the firm.
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| Publisher |
The Journal of Accounting and Management
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| Contributor |
—
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| Date |
2014-06-30
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| Type |
Peer-reviewed Article
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| Format |
application/pdf
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| Identifier |
http://journals.univ-danubius.ro/index.php/jam/article/view/2261
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| Source |
The Journal of Accounting and Management; Vol 4, No 1 (2014): JAM
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| Language |
en
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| Relation |
http://journals.univ-danubius.ro/index.php/jam/article/download/2261/8193
http://journals.univ-danubius.ro/index.php/jam/article/download/2261/8194 |
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| Rights |
The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.
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