CAPITAL STRUCTURE CHOICES OF LISTED CONGLOMERATE FIRMS IN NIGERIA

dc.contributor.authorMusa, Inuwa Fodio
dc.date.accessioned2023-12-11T13:17:32Z
dc.date.available2023-12-11T13:17:32Z
dc.date.issued2013-02-03
dc.description.abstractThis study examines the capital structure choices of listed conglomerate firms in Nigeria using the Pecking Order Theory. Empirical results show that conglomerate firms in Nigeria do not make capital structure choice in line with the pecking order theory. Their choices rather follow the reverse sequence of the peeking order theory. The results of this study provide a prima facieevidence in support of the market timing theory and suggest the need for an in depth investigation of the utility of MTT model to firms in Nigeria.en_US
dc.identifier.citationAdesola, W. A. (2009).Testing Static Tradeoff Theory Against Pecking Order Models of Capital Structure in Nigerian Quoted Firm.G/obo/ Journal of Social Sciences. 8, 6176. Alti, A. (2006). How persistent is the impact of market timing on capital structure?Journal of Finance. 61,1681-1710. Auerbach, A.S. (1985). Real determinants of corporate leverage. In: Friedman, B.M. (Ed.), Corporate Capital Structures in the United States.University of Chicago Press, Chicago, IL. Baker, M. & Wurgler, J. (2002).Market timing and capital structure Journal of Finance. 57, 132. Baskin, J. (1989).An empirical investigation of the pecking order h\/pothes\s.FinancialManagementlS, 26-35. Bradley, M., Gregg, J., Han, E.&Kim, E. (1984). On the existence of an optimal capital structure: Theory and evidence Journal of Finance. 39, 857-878. Bruce, S. & Halit, G. (2010).Pecking Order Behavior in Emerging Markets.Journo I of international Financial Management and Accounting. 21,1en_US
dc.identifier.urihttps://keffi.nsuk.edu.ng/handle/20.500.14448/2559
dc.language.isoenen_US
dc.publisherDepartment Of Public Administration, Nasarawa State University, Keffien_US
dc.subjectCapital Structure, Pecking Order Theory, Conglomerate Firmsen_US
dc.titleCAPITAL STRUCTURE CHOICES OF LISTED CONGLOMERATE FIRMS IN NIGERIAen_US
dc.typeArticleen_US

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