Development of Equity Investment Financing Model For Achieving Sustainable Business Productivity in Nigeria

Adeleke Ezekiel Olukayode, Efanga Udeme Okon, Yamta H. A., Okafor M. C. and Ihemeje J. C.
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Adeleke Ezekiel Olukayode: Department of Accounting, Adeleke University, Osun State, Nigeria
Efanga Udeme Okon: Department of Banking and Finance, Faculty of Management Sciences, University of Calabar, Nigeria
Yamta H. A.: Department of Banking and Finance, University of Maiduguri, Nigeria
Okafor M. C.: Department of Accounting, Michael Okpara University, Nigeria
Ihemeje J. C.: College of Management Sciences, Michael Okpara University, Umudike, Nigeria

International Journal of Economics and Financial Research, 2020, vol. 6, issue 11, 236-242

Abstract: Equity investment financing is an innovative way of financing the real sector which has considerable developmental potential. The study empirically determined the effect of Equity investment financing on sustainable increase in productivity among agro-allied small businesses in South-South Nigeria. The instrument of data collection is the research questions structured in a five-point likert scale. The evaluation of the relationship between the dependent and independent variables was performed using the Ordinary Least Square regression technique. The study revealed that equity investment financing has a positive and significant effect on the sustainable productivity of businesses in Nigeria. The study recommended educating small business entrepreneurs on the benefits of equity financing as a viable option towards business growth and expansion and that the government through the various intervention agencies should restructure the long-term loan policies to give access to more growth-oriented agro-allied businesses, to increase their presently low capacity to procure heavy-duty technology to increase productivity and achieve food security in Nigeria. Small business owners should take advantage of the membership of cooperative societies and as well maintain good business relationships with suppliers; this will guarantee a continuous supply of needed materials and uninterrupted operations of the business.

Keywords: Equity investment; Financing; Sustainability; Business productivity (search for similar items in EconPapers)
Date: 2020
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