In light of the empirical review and other discussions, a number of questions arose as to whether there is a significant relationship between size of a bank, Affordable prices. The Determinants of Capital Structure of Nigerian Quoted ... (2011). +1 (877) 638-3233. PDF Determinants of Capital Structure in Nigerian Banking Sector 341-368. What are the key determinants of capital structure in the Nigerian Banking industry? Capital structure means the addition of long-term debt and shareholders' fund. The objective of this is to determine the determinants of Capital Structure with a focus on quoted electrical and electronic technology firms in Nigeria. In the light of this, the paper attempts to investigate the practices and determinants of the capital structure of the Nigerian listed banks. Chadha & Sharma (2015) carried out a study on the determinants of capital structure: an empirical evaluation from India. Keywords: key words, capital structure, determinants, related literature, Ghana, Nigeria, WAMZ 1. Statistical tests are performed for the period 1990-2004. knowledge of their capital structure becomes indispensable and warrants this study. THE DETERMINANTS OF CAPITAL STRUCTURE IN THE BREWERY INDUSTRY IN NIGERIA BY Ahamefula, A. Nzenwata Graduate Student: Finance and Banking Michael Okpara University of Agriculture Umudike, Abia State aham.nzenwata@yahoo.co.uk +234-803-544-6622 ABSTRACT The study investigated the determinants capital structure among brewery companies in Nigeria. References. Determinants of Capital Structure in Nigerian Quoted Composite insurance Companies. M a) Chandrasekharan (2012) analyzed the determinants of capital structure in the Nigerian firms for the period 2007 to 2011. 1. One of the most strategic decisions being faced by the The study used profit before tax as a dependent variable and two capital structure variables (equity . In light of the empirical review and other discussions, a number of questions arose as to whether there is a significant relationship between size of a bank, profitability, Akinlo, O (2011) "Determinants of Capital Structure: Evidence from Nigeria Panel Data" African Economic and Business Review Vol. The study is conducted in the context of the Nigeria. The objectives of this study is to ascertain the determinants of firm capital structure of quoted firms in Nigeria and how these determinants influence the capital structures of these firms. The research seek to investigate the Determinants of leverage in listed service companies in Nigeria (using 8 determinants, ten Banks, for 6 years - that translates to 60 samples). The independent variables of the study are . contribute to the research by studying the capital structure determinants in Nigerian companies during the year 2012. Therefore, this study examines the determinants of the capital structure of the Nigerian non-financial listed firms. The questionnaire is developed based on the existing measurement scales from the literature, interviews and focus groups discussions with the SMEs' owners from the East-Coast region of Malaysia. The firm-specific factors that determine the capital structure of thirty five (35) non-financial firms quoted on the stock exchange in This study aims to determine the impact of post-consolidation capital structure on the financial performance of Nigeria quoted banks. Journal of Business Research, 5(8), 421-432. He showed that profitability, growth rate, firm age, firm size and tangibility are the main determinants of capital structure of sample firms. Effect of Capital Structure on Firm Performance: Evidence from Nigeria Manufacturing . How these determinants may affect the Capital Structure (Debts and Equity weights or proportions) Optimal Capital Structure (that maximize the value of firms.) The focus of this study is to discuss these factors influencing the capital structure of quoted companies. Unlike prior work, the study investigates capital structure determinants along five dimensions namely: firm-specific and industry factors; taxes; non-financial stakeholders; supply-side factors; and the maturity structure of corporate liabilities. This paper presents the assessment of reliability and validity of a proposed questionnaire of the capital structure determinants. This study also provides as avenue to access the private sector in Nigeria, identify its constraints and proffer solutions. THE DETERMINANTS OF CAPITAL STRUCTURE OF LARGE NON-FINANCIAL LISTED FIRMS IN NIGERIA Rafiu Oyesola Salawu, Obafemi Awolowo University Akinlolu Ayodeji Agboola, Obafemi Awolowo University ABSTRACT This paper examines capital structure determinants of non-financial firms in Nigeria using a panel of 33 large firms. The study was based on a panel data set from 1996 to 2010 comprising sixty non - financial companies. Many studies including Pandey (2001) have identified various determinants of capital structure, which generally include tangibility of assets, Size, growth, profitability, and age of firms. It absorbs costs and losses, multiplies fixed assets and in all, enhances growth through mergers and acquisitions. High quality. The results reveal that profitability, tangibility and company size are positively related to total debt and long-term debt, and growth opportunities are negatively . capital structure's determinants, assessment of empirical studies, and a comprehensive over view of such type of research in Pakistan. The variables of interest (capital structure, size, growth, profitability, tangibility, and age) are defined as follows. Planning capital structure involves, to a great extent, the considerationof shareholders interest and other groups. Sequel to mixed results from previous Nigerian studies on determinants of capital structure and the paucity of such studies conducted so far, there existed a knowledge gap, hence the need for this study. We may now briefly discuss the key factors governing a firm's capital structure decisions. Organized by the Institute for Business and Finance Research Between 31 May and 3 June, at Costa Rica, pp: 74-77. Ex-post facto research design was adopted . Keywords: determinants, financial structure, capital structure, Nigerian firms, pecking order and static trade - off theories. Both theoretical and empirical literature is reviewed. This study made use of secondary data obtained fact books, annual reports and account of the firms under study. Statistical tests are performed for the period 1990-2004. research related to determinants of capital structure of listed insurance companies in Nigeria, most of the studies have provided contradictory findings; Shehu (2011) concludes that like other developing economies, the area of research for capital structure is still unexplored in Nigeria. determinants of capital structure in Nigerian context. DETERMINANTS OF CAPITAL STRUCTURE IN ECO BANK OF NIGERIA PLC ABSTRACT This study is motivated by a desire to examine the determinants of capital structure of Fidelity Bank Plc. The current study contributes to the literature as it analyses a wide range of capital structure determinants and is based on 20 observations. In capital structure determinants inflation and cash flow we explained that businesses with large or increasing cash flows. Determinants of the capital structure of TSL (Transport, Spedition, Logistics) sector enterprises The capital structure has been of interest for researchers in the field of financial theory for over 60 years. Abstract. Conclusions are drawn based on the findings. Determinants of Capital Structure of a Firm: There are numerous factors, both qualitative and quantitative, including the subjec­tive judgment, of financial managers which conjointly determine a firm's capital structure. As Salawu and Agboola (2008) 1. Capital is considered as the cornerstone of a bank's financial strength since it supports bank operations by providing a buffer to absorb unanticipated losses from its activities and, in the event of problems, enabling the bank to continue to operate in a sound and viable manner while the problems are addressed or resolved. factors which influence the capital structure of Nigerian firms. Abor, J. (2009). African Economic and Business Review, 9(1), 1-16. The study aims to examine the capital structure determinants and SOA of all listed, non-financial firms in Nigeria. Design/methodology/approach - The paper adopts three methods: difference GMM, system GMM and stochastic frontier analysis (SFA). The result identifies credit rating, volatility of earning cash flow, financial distress, transaction costs, and financial flexibility as the important factor in choosing appropriate amount of debt for bank. Introduction The capital of any business firm is the foundation upon which the business operates. We keep our prices affordable to maintain a perfect balance between amazing quality and low price. (2011). More so, some of these works mainly focused on banking . The objective of this is to determine the determinants of Capital Structure with a focus on quoted electrical and electronic technology firms in Nigeria. It absorbs costs and losses, multiplies fixed assets and in all, enhances growth through mergers and acquisitions. Chadha & Sharma (2015) studied the key determinants of capital structure for Indian manufacturing firms and existing theoretical . Global Journal of Social Sciences, 8(1), 61-76. Equally, there is evidence that indicate that there is reverse causality from performance to capital structure of firms. Arizona State University. The analyses are performed using time series data pertaining four listed cement firms. International Journal of Academic Research in Economics and Management Sciences July 2013, Vol. Against this backdrop, the study examines the determinants of capital structure of agro listed firms in Nigeria. Impact of capital structure on firm value: Evidence from Indian hospitality industry. 5 No. for $3.40 Free. (2013). However, literature surveys show that relatively few studies on the structure of capital and the factors shaping it can be applied to the TSL industry. This study focused on determinants of capital structure in Nigeria with the aim of examining whether the identified determinants (profitability, liquidity, size, tangibility and growth) exert . This study investigates the determinants of capital structure in Nigeria. 2 Theoretical framework and review of literature 2.1 Theoretical framework: The capital structure a firm opts for is only a choice between debt and (2008). The objectives of this study is to ascertain the determinants of firm capital structure of quoted firms in Nigeria and how these determinants influence the capital structures of these firms. developed the testable hypotheses to examine the impact of capital structure determinants on the decomposed leverage level. This study made use of secondary data obtained fact books, annual reports and account of the firms under study. Al bulena, Skender, Vlora and Edona (2014), analyzed the determinants of capital structure among insurance companies in Kosovo, based on a data . To conduct this thesis, I have used the deductive approach, which is a similar approach suggested by the key reference of this study, Michaels et al (1999). ABSTRACT. (2014), "The determinants of capital structure: A comparison of financial and non-financial firms in a regulated developing country - Nigeria", African Journal of Economic and Management Studies, Vol. International Journal of Innovation and Applied Studies, 3(4), 999-1005. Determinants of financial structure 1. Determinants of capital structure: A case study of automobile sector of Pakistan, Inter disciplinary Journal of Contemporary Research in Business 2 (10), 219 - 230. The paper investigates the determinants of capital structure and the speed of adjustment of capital structure decisions of Nigerian firms.,The paper adopts three methods: difference GMM, system GMM and stochastic frontier analysis (SFA).,The empirical results show that firms' efficiency affects the capital structure decisions of Nigerian firms. Isaiah Oino, Ben Ukaegbu. The determinants of capital structure among listed firms in Nigeria are tangibility, firm size, profitability, firm growth and firm's age. The objective of this is to determine the determinants of Capital Structure with a focus on quoted electrical and electronic technology firms in Nigeria. The results of the System GMM estimation and quadratic methods supports the predictions of the trade-off theory and the pecking order theory. Ukaegbu, B. and Oino, I. Downloadable! The study is designed to examine the determinants of capital structure of listed construction companies in Nigeria. (2017). Iwarere and Akinleye (2010) used descriptive survey to investigate capital structure determinants in the Nigerian banking industry. The objectives are; to investigate the relationship between firms' characteristics and the capital structure choice among non-financial firms listed in the Nigerian Stock exchange, to examine whether the financial crisis affected capital structure determinants. companies. This study investigates the determinants of capital structure in Nigeria. The capital structure is all about the mixture of debt and equity. The determinants of capital structure: A comparison of financial and non-financial firms in a regulated developing country-Nigeria. This paper investigates the determinants of capital structure in the context of the Gulf Cooperation Council (GCC) and United Kingdom (UK) real estate sectors. The study assessed the determinants of capital structure in Nigerian Chemical and Paints companies listed in Nigeria, for a period of five years from 2005 to 2009. Iwarere and Akinleye (2010) used descriptive survey to investigate capital structure determinants in the Nigerian banking industry. relate to determinants of Capital Structure in Nigeria and their findings did not agree on the common attributes in the capital structure of Nigerian firms. determinants of capital structure of firms in Nigeria and that capital structure choice of firms influence their performance. This paper examines capital structure determinants of non-financial firms in Nigeria using a panel of 33 large firms. Statistical tests are performed for the period 1990-2004. 2, No. Capital regulation; Capital structure determinants; Financial and non-financial firms; Citation. Using panel data least squares regression, modified to weighted This study made use of secondary data obtained fact books, annual reports and account of the firms under study. Determinants Of Capital Structure Of Listed Deposit Money Banks In Nigeria Inim, Victor E. Department of Accounting, Faculty of Management Sciences, Nile University of Nigeria, Abuja, Nigeria Njogo, Bibiana O. Ibikun, Fayemi Department of Economics, Accounting and Finance, Downloadable! Testing static trade-off theory against pecking order models of capital structure in Nigerian quoted firms. The study measured capital structure determinants by using the variables of capital intensity, tangibility, profitability, firm size and non-debt tax shield. The determinants of the capital structure of financial firms in nigeria the financial managers perspectives. The study aims to examine the capital structure determinants and SOA of all listed, non-financial firms in Nigeria. This paper examines capital structure determinants of non-financial firms in Nigeria using a panel of 33 large firms. The result identifies credit rating, volatility of earning cash flow, financial distress, transaction costs, and financial flexibility as the important factor in choosing appropriate amount of debt for bank. This article examines an empirical analysis of determinant of capital structure in Nigerian Cement Industry for the period of 2000-2009. The Determinants of Capital Structure of FTSE 100 Firms in the UK: A Fixed Effect Panel Data Approach Lucky Izobo ENAKIRERHI Department of Accounting, Faculty of Management Sciences Delta State University, Nigeria Michael Ify CHIJUKA Department of Banking and Finance, Faculty of Management Sciences University of Benin, Nigeria CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): Capital is considered as the cornerstone of a bank's financial strength since it supports bank operations by providing a buffer to absorb unanticipated losses from its activities and, in the event of problems, enabling the bank to continue to operate in a sound and viable manner while the problems are addressed or . MAINTENANCE OF THE WORK UNTIL THE ULTIMATE DEADLINE. non-debt tax shields and dividend as possible determinants of the capital structure choice. Introduction The results of a bivariate analysis indicate that leverage in the UK is much higher than in GCC countries. This study examines the determinants of bank profitability in Nigeria. The result showed that the banks exhibit 75.2% short-term financing. The study aims to augment the literature by looking at allocational expenditure priorities in Nigeria, with a specific focus on capital and recurrent expenditure. The regression analyses are estimated using OLS. THEORETICAL FRAMEWORK Among the competing theories in explaining a firm's capital structure choices are; The static trade off theory The study chooses the construction firms as its domain because it covers the larger proportion of industry in Nigeria. Aliakbar, R., Seyed, H. S. N., & Pejman, M. (2013). The study is conducted in the context of the Nigeria. 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