The Impact of Interest Rate Liberalization on the Corporate Financing Strategies of Quoted Companies in Nigeria

D.A. Omole and G.O. Falokun

Working Papers from African Economic Research Consortium

Abstract: This paper analysed empirically the linkages among interest rates and the leverage ratios (debt-to equity ratio and debt-to-capital ratio) of selected firms, their investment, turnover and profits. The study used a survey of business as well as the quoted companies' final accounts and balance sheets, both before and after liberalization.

Keywords: INTEREST RATE; INVESTMENTS; BUSINESS FINANCING (search for similar items in EconPapers)
JEL-codes: D20 G30 E31 (search for similar items in EconPapers)
Date: 1999

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