CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE: THE ROLE OF EXTERNAL FACTORS IN NIGERIAN LISTED AGRICULTURAL FIRMS

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Main Author: Tersugh, Emmanuel Aondover
Format: Recurso digital
Language:English
Published: Zenodo 2024
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author Tersugh, Emmanuel Aondover
author_facet Tersugh, Emmanuel Aondover
contents <p>This study examined the moderating effect of external factors on the relationship between capital structure and financial performance of listed agricultural companies in Nigeria. The study adopted ex-post factor research design with moderated regression model, used to analyze the data of dependent and independent variables used. The population comprised of all the agricultural companies listed on the Nigerian Exchange Group. There are five (5) agricultural companies quoted on the Nigerian Exchange Group as at December 31, 2024. Due to small nature of the population, all the five companies were used. Secondary data was extracted from the audited financial reports and accounts of the listed agricultural companies for the period of 2018 to 2022. With the aid of SPSS version 23 as technique for data analysis, the study concluded that external factors influence the relationship between capital structure and financial performance of agricultural companies in Nigeria. Therefore the study recommended amongst others that, agricultural businesses should use moderate debt levels in their capital structure to avoid paying a high cost of capital. High levels of interest payments reduce the availability of internal funds for investment</p>
format Recurso digital
id zenodo_https___doi_org_10_5281_zenodo_17193532
institution Zenodo
language eng
publishDate 2024
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spellingShingle CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE: THE ROLE OF EXTERNAL FACTORS IN NIGERIAN LISTED AGRICULTURAL FIRMS
Tersugh, Emmanuel Aondover
Interest Rate, Capital Structure, Financial Performance, Agricultural Companies
<p>This study examined the moderating effect of external factors on the relationship between capital structure and financial performance of listed agricultural companies in Nigeria. The study adopted ex-post factor research design with moderated regression model, used to analyze the data of dependent and independent variables used. The population comprised of all the agricultural companies listed on the Nigerian Exchange Group. There are five (5) agricultural companies quoted on the Nigerian Exchange Group as at December 31, 2024. Due to small nature of the population, all the five companies were used. Secondary data was extracted from the audited financial reports and accounts of the listed agricultural companies for the period of 2018 to 2022. With the aid of SPSS version 23 as technique for data analysis, the study concluded that external factors influence the relationship between capital structure and financial performance of agricultural companies in Nigeria. Therefore the study recommended amongst others that, agricultural businesses should use moderate debt levels in their capital structure to avoid paying a high cost of capital. High levels of interest payments reduce the availability of internal funds for investment</p>
title CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE: THE ROLE OF EXTERNAL FACTORS IN NIGERIAN LISTED AGRICULTURAL FIRMS
topic Interest Rate, Capital Structure, Financial Performance, Agricultural Companies
url https://doi.org/10.5281/zenodo.17193532