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Title: | Corporate Borrowing and Firms' Growth in Nigeria: Empirical Evidence |
Authors: | Ogbeide, Sunday O. Okpamen, P. |
Keywords: | Corporate borrowing Firm age Firm size Organizational Growth |
Issue Date: | Jun-2015 |
Publisher: | Journal of Business and Value Creation |
Citation: | Ogbeide, S. O., & Okpamen, P. (2015). Corporate Borrowing and Firms' Growth in Nigeria: Empirical Evidence. Journal of Business and Value Creation, 4(1), ISSN: 2315-8212 |
Series/Report no.: | Volume 4;No. 1 |
Abstract: | This study examined corporate borrowing and organizational growth in Nigeria. The ex-post facto research design was adopted in the methodology. The population consists of all quoted companies in the Nigerian Stock Exchange A sample of 40 companies was examined for 2012.2013 financial year Panel Estimated Generalized Least Squares (EGLS) regression with cross-section random effect. !he study showed that long term borrowings enhanced hints' growth and it is statistically significant. Similarly firm age positively enhanced from growth though it is founds be statistically insignificantly. Also interest charges determined organizational growth but were not statistically significant Premised on this, brans are strongly advised to always compare the marginal benefits of using debt financing to the marginal costs of debt financing before concluding on using it in financing their operation. |
URI: | http://repository.elizadeuniversity.edu.ng/jspui/handle/20.500.12398/1439 |
ISSN: | 2315-8212 |
Appears in Collections: | Research Articles |
Files in This Item:
File | Description | Size | Format | |
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Corporate Borrowing and Firms Growth in Nigeria_Empirical Evidence.pdf | Article full-text | 8.66 MB | Adobe PDF | View/Open |
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