Capital structure and the value of the firm: evidence from the Nigeria banking industry

Adedoyin Isola Lawal ()
Additional contact information
Adedoyin Isola Lawal: Landmark University, Department of Accounting and Finance

The Journal of Accounting and Management, 2014, issue 1, 31-41

Abstract: Using data sourced from Nigerian commercial banks between the periods 2007 to 2012; this study examined the factor that magnifies the value of a firm. We used OLS technique and White-HAC heteroskedastcity test to infer the relationship between capital structure and the value of a firm in Nigeria. It was observed that debt instrument play significant role in magnifying the value of Nigerian banking firms, while equity role is partially significant. We suggest that bank managers as well as regulators adopt measures that will promote leverage usage so as to maximise the overall value of the firm.

Keywords: Debt; Equity; Value of a Firm; Capital Structure; Banks (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/jam/article/view/2261/2106 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:jaccma:y:2014:i:1:p:31-41

Access Statistics for this article

More articles in The Journal of Accounting and Management from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Florian Nuta ().