CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA
This study seeks to examine the effect of capital structure on financial performance of the listed information and communications technology firms in Nigeria. This study adopted correlation and ex-post facto research design. The population of this study consists of all listed information and commun...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2024-09-01
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| Series: | Gusau Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/284 |
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| _version_ | 1823857058808594432 |
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| author | Nasiru Adamu Kanoma Nurudeen Usman Miko Augustine Ayuba Idris Mohammed Idris Mohammed Mark G Tagwai |
| author_facet | Nasiru Adamu Kanoma Nurudeen Usman Miko Augustine Ayuba Idris Mohammed Idris Mohammed Mark G Tagwai |
| author_sort | Nasiru Adamu Kanoma |
| collection | DOAJ |
| description |
This study seeks to examine the effect of capital structure on financial performance of the listed information and communications technology firms in Nigeria. This study adopted correlation and ex-post facto research design. The population of this study consists of all listed information and communications technology firms in Nigeria. Census sampling technique was employed. Multiple regression model based on pooled ordinary lease square, robust test was adopted in analyzing the panel data obtained from audited financial statement of the listed sampled information and communications technology firms for the periods of 10 years between (2013- 2022). The study reveals that both long term debt financing ratio short term debt financing, and debt to equity financing ratio have positive and significant influence on return on assets of the listed information and communications technology firms in Nigeria. On the other hand, equity financing ratio has a positive but insignificant effect on performance of listed information and communications technology companies in Nigeria. Therefore, it is recommended that the management of the listed information and communications technology firms in Nigeria should initiate coherent and integrated financial policies towards encouraging long-and short-term debt financing and debt to equity financing to ultimately improve the financial performance of the list information and communications technology firms in Nigeria.
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| format | Article |
| id | doaj-art-57a9a788dcb14e498ec642fe25be916f |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-57a9a788dcb14e498ec642fe25be916f2025-02-12T01:06:44ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-09-015110.57233/gujaf.v5i1.09CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIANasiru Adamu Kanoma0Nurudeen Usman Miko1Augustine Ayuba2Idris Mohammed3Idris Mohammed4Mark G Tagwai5Kaduna State University, KadunaKaduna State University, KadunaKaduna State University, KadunaKaduna State University, KadunaKaduna State University, KadunaKaduna State University, Kaduna This study seeks to examine the effect of capital structure on financial performance of the listed information and communications technology firms in Nigeria. This study adopted correlation and ex-post facto research design. The population of this study consists of all listed information and communications technology firms in Nigeria. Census sampling technique was employed. Multiple regression model based on pooled ordinary lease square, robust test was adopted in analyzing the panel data obtained from audited financial statement of the listed sampled information and communications technology firms for the periods of 10 years between (2013- 2022). The study reveals that both long term debt financing ratio short term debt financing, and debt to equity financing ratio have positive and significant influence on return on assets of the listed information and communications technology firms in Nigeria. On the other hand, equity financing ratio has a positive but insignificant effect on performance of listed information and communications technology companies in Nigeria. Therefore, it is recommended that the management of the listed information and communications technology firms in Nigeria should initiate coherent and integrated financial policies towards encouraging long-and short-term debt financing and debt to equity financing to ultimately improve the financial performance of the list information and communications technology firms in Nigeria. https://journals.gujaf.com.ng/index.php/gujaf/article/view/284Debt to equity financing and equity financing ratiolong term debtshort term debt |
| spellingShingle | Nasiru Adamu Kanoma Nurudeen Usman Miko Augustine Ayuba Idris Mohammed Idris Mohammed Mark G Tagwai CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA Gusau Journal of Accounting and Finance Debt to equity financing and equity financing ratio long term debt short term debt |
| title | CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA |
| title_full | CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA |
| title_fullStr | CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA |
| title_full_unstemmed | CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA |
| title_short | CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED INFORMATION AND COMMUNICATIONS TECHNOLOGY FIRMS IN NIGERIA |
| title_sort | capital structure and financial performance of listed information and communications technology firms in nigeria |
| topic | Debt to equity financing and equity financing ratio long term debt short term debt |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/284 |
| work_keys_str_mv | AT nasiruadamukanoma capitalstructureandfinancialperformanceoflistedinformationandcommunicationstechnologyfirmsinnigeria AT nurudeenusmanmiko capitalstructureandfinancialperformanceoflistedinformationandcommunicationstechnologyfirmsinnigeria AT augustineayuba capitalstructureandfinancialperformanceoflistedinformationandcommunicationstechnologyfirmsinnigeria AT idrismohammed capitalstructureandfinancialperformanceoflistedinformationandcommunicationstechnologyfirmsinnigeria AT idrismohammed capitalstructureandfinancialperformanceoflistedinformationandcommunicationstechnologyfirmsinnigeria AT markgtagwai capitalstructureandfinancialperformanceoflistedinformationandcommunicationstechnologyfirmsinnigeria |