Firm Characteristics and Capital Structure of Quoted Chemicals and Paint Firms in Nigeria

By

Author

Presented To

Department of Administration

ABSTRACT

The motivation for this study hinges on the lingering debate on capital structure and the accompanying contributory evidence bothering on how companies should deploy various factors in determining an optimal capital structure at a particular point in time. The study assess firm characteristics and capital structure of listed Chemical and Paints companies in Nigeria for a period of Nine years, from 2004 to 2012. 
The study employed secondary data from the annual reports of the companies and the Nigerian Stock Exchange (NSE) fact books covering the study period. Ordinary least square (OLS) was employed to estimate the model. The study reveals that liquidity, tangibility, profitability and age have significant impact on leverage at 1% level, while size and growth have no significant impact on capital structure. 
The effect of tangibility on Capital Structure which suggests a negative correlation is contrary to both trade off theory and pecking order theory. The study therefore, recommends that the management of listed chemicals and paints firms in Nigeria should conduct a careful evaluation on capital mix using firm factors that affects capital structure before embarking on external financing decision to enable them to arrive at a favourable financing decision.


PLEASE NOTE:

That this Material is a Complete Project, Well Written and Contains 1 to 5 Chapters.


Click the download Button Below to Download the complete work. OR Call/WhatsApp Admin on: 09019904113 for Inquiry. Thank You

  • FOR ENQUIRY
  • support@e-projecttopics.com
  • 09019904113

Learn and Obtain Diploma in Web development, Software development, Business, Technology and Creative Skills taught by industry experts. Explore a wide range of skills with our professional tutorials.

About E-Project Material Centre


E-Project Material Centre is a web service aimed at successfully assisting final year students with quality, well researched, reliable and ready made project work. Our materials are recent, complete (chapter 1 to Minimum of Chapter 5, with references) and well written.INSTANT ACCESS! INSTANT DOWNLOAD. Simply select your department, choose from our list of topics available and explore your data

Why Students Love to Use E-Project Material ?


Guaranteed Delivery Getting your project delivered on time is essential. You cannot afford to turn in your project past the deadline. That is why you must get your project online from a company that guarantees to meet your deadline. e-Project Topics Material Centre is happy to offer instant delivery of projects listed on our website. We can handle just about any deadline you send our way. Satisfaction Guaranteed We always do whatever is necessary to ensure every customer's satisfaction

Disclaimer


E-Project Topics Material Centre will only provide projects as a reference for your research. The projects ordered and produced should be used as a guide or framework for your own project. The contents of the projects should be able to help you in generating new ideas and thoughts for your own project. It is the aim of e-Project Topics Centre to only provide guidance by which the projects should be pursued. We are neither encouraging any form of plagiarism nor are we advocating the use of the projects produced herein for cheating.

Terms and Condition


Using our service is LEGAL and IS NOT prohibited by any university/college policies You are allowed to use the original model papers you will receive in the following ways:
  • As a source for additional understanding of the subject
  • As a source for ideas for you own research (if properly referenced)
  • For PROPER paraphrasing ( see your university definition of plagiarism and acceptable paraphrase) Direct citing ( if referenced properly)
Thank you so much for your respect to the authors copyright