Effect of Firm Size and Asset Tangibility on Capital Structure of Listed Manufacturing Firms in Nigeria

Adeyemo, Kabiru Aderemi () and Bamidele, Matthew Mayor ()
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Adeyemo, Kabiru Aderemi: Department of Management and Accounting, Postal: Lead City, University, Ibadan, Oyo State, Nigeria., https://www.afarng.org/jfafi/
Bamidele, Matthew Mayor: Department of Management and Accounting, Postal: Lead City, University, Ibadan, Oyo State, Nigeria., https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2021, vol. 6, issue 2, 192-207

Abstract: This study examined the influence of firm size and assets tangibility on capital structure of listed manufacturing companies in Nigeria from 2010 to2019.To make the study robust, control variables of firm age and macroeconomic factors were added. Longitudinal panel research design was used judgmental sampling technique was used to determine sample size of 34 manufacturing firm out of 56 study's population determined. Secondary data were obtained from annual published account from sampled listed manufacturing companies. Data were analysed through descriptive, correlation and panel Fixed Generalized Least regression technique and diagnostics tests such as heteroskedelaticity and multicollinearity were conducted. The results show that firm size had a significant influence on leverage structure as indicated (t-val = 0.375175. =p-val

Keywords: Assets tangibility; Capital structure; Firm age; Firm size (search for similar items in EconPapers)
Date: 2021
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