Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 9 NO. 9 2023
DOI: https://doi.org/10.56201/jafm.v9.no9.2023.pg200.211


Financial Leverage and Corporate Performance of Listed Industrial Good Firms in Nigeria

NWANYANWU, Kingdom Uchenna PhD, TASIE, Jonathan Chinumezi, JONAH, Ngbomowa Mose PhD


Abstract


This study evaluated the effect of financial leverage on the corporate performance of industrial goods firms listed on the Nigerian Stock Exchange. The study reviewed the extant literature on capital structure and corporate performance to ascertain research gaps from past studies. In line with the purpose of the study, two (2) specific objectives, research questions, and hypotheses were formulated to guide the study. The population of the study was all the industrial goods firms in Nigeria. Hence, two (2) industrial goods firms operating in Nigeria were selected such as Nestle


keywords:

Financial Leverage, Corporate Performance, Equity Financing, Debt Financing


References:


Adera, W. O., Anyango, W. & Rotich, G. (2015). Capital structure and corporate performance of
manufacturing companies listed in Nairobi Securities Exchange. International Academic
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Bassey, B.E., Godwin, O.E. & Aganyi, A. (2016). Assessing the impact of retained profit on
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Chadha, S., & Sharma, A. K. (2015). Capital Structure and Firm Performance: Empirical Evidence
from India. Vision: The Journal of Business Perspective, 19(4), 295–302.
https://doi.org/10.1177/0972262915610852


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