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Capital Structure and Firm Performance in the Nigerian Cement Industry

Archives of Business Research

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Field Value
 
Title Capital Structure and Firm Performance in the Nigerian Cement Industry
 
Creator Gambo, EL-Maude Jibreel
Abdul-Rahman, Ahmad
Ahmad, Mohammed Musa
 
Description The study examines the impact of capital structure on financial performance of firms in Nigerian cement industry. The population of the study 7 companies, a sample of 4 listed companies were selected. The research design is ex-post factor using two models to analyse the impacts of long term and short term debts on Return on Assets (ROA) and Return on Equity (ROE). The study uses balanced panel data of 20 observations from the 4 listed companies for the periods ranging from 2010-2014. Descriptive statistics, correlation and regression are used as tools of analysis. The study reveals that, there is statistically significant effect between long and short term liability on Return on Assets (ROA) and Return on Equity (ROE). The study however, concluded that the performance of companies in the cement industry is not optimized as a result of their inability to utilized debts in their capital structures. Finally, the paper recommends that, cement companies should encourage the use of long term debt in there capital structure since it has positive impact on their financial performance.
 
Publisher Archives of Business Research
 
Contributor —
 
Date 2016-11-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scholarpublishing.org/index.php/ABR/article/view/2367
10.14738/abr.46.2367
 
Source Archives of Business Research; Vol 4, No 6 (2016): Archives of Business Research
2054-7404
10.14738/abr.46.2016
 
Language eng
 
Relation http://www.scholarpublishing.org/index.php/ABR/article/view/2367/1361
 
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