Capital Structure and Firm Performance: Evidence From 2021 Best-Performed Stocks in Nigeria

Shedrack Enyeribe Nwannunu
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Shedrack Enyeribe Nwannunu: Department of Accountancy, Abdu Gusau Polytechnic, Nigeria

International Journal of Research and Innovation in Applied Science, 2022, vol. 7, issue 9, 65-75

Abstract: The researcher used an eight-firm sample drawn randomly from a population of ten to study the relationship between capital structure and stock performance of the companies that traded the best-performing stocks on the Nigerian stock exchange in 2021. The study used a four-year panel data collection (2018–2021). For hypothesis testing, the study used EXCEL-generated research statistics and the least-squares dummy variables (LSDV) regression in SPSS. The findings show a statistically significant positive correlation between corporate capital structure and stock performance (ROA and R.O.E.). The study recommended employing larger samples of the best-performing equities over two or more years.

Date: 2022
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