Abdulwahab, Usman Muhammad and Mu’azu, Saidu Badara and Idris, Ahmed Aliyu and Abubakar, Umar (2023) Capital Structure Choices in Services Firms: Empirical Results from Nigeria Listed Companies. Journal of Economics and Sustainability (JES), 5 (2). pp. 83-102. ISSN 2637-1294

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Abstract

The effects of the worldwide economic slump, which was largely triggered by SARS-CoV-2, have undermined the profitability of businesses. As a result, the overarching goal of this research is to look into the impact of capital structure choices on the financial performance of services firms quoted on the Nigerian Exchange Group (NGX). With an adjusted population of 11 listed services firms in Nigeria, the analysis spans from 2011 to 2020. The secondary data was collected from the annual reports of the selected enterprises and African financials, using an ex-post facto design. The generalised least square model was employed for the analysis of the data. While both retained earnings and total debt have a positive and significant influence on earnings per share, short-term and long-term debts, and equity were insignificant, according to the findings. The study, on the other hand, suggests that company executives save earnings to be spent solely on rainy days in order to minimize negative shocks that could harm a company's going-concern objective.

Item Type:	Article
Uncontrolled Keywords:	Capital structure, Earnings per Share, Short term debt, Long term debt, Services
Subjects:	H Social Sciences > HG Finance
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	28 Nov 2023 13:34
Last Modified:	28 Nov 2023 13:34
URI:	https://repo.uum.edu.my/id/eprint/30057

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