Capital Structure And Dividend Policy Decision On Firms Performance On The Nigeria Stock Exchange. (A Study Of Access Bank Plc.)

OGUADINMA ANTHONY IKECHUKWU MOUAU/ACC/B.Sc./14/23116 | 80 pages (17610 words) | Projects

ABSTRACT

This study is to examine  the effect of capital structure and dividend policy  on financial performance offirms  in Nigeria.  The specific objectives are;  to determine  the effect of debt financing  on financial  performance  of firms in Nigeria,  to examine  the effect of equity financing on financial performance offirms in Nigeria and to ascertain the effectof dividend policy onfinancial performance offirms in Nigeria. To achieve the objectives of the study ex• post facto  research design was adopted. To test the hypotheses, multiple simple regression analysis was used. The findings  revealed that Debt financing  has a significant effect on performance of firms  in Nigeria the findings  also revealed that equity financing,  dividend payout  ratio  has  a  significant  effect  on performance  of firms  in  Nigeria.  The  study recommends that firms  (both highly and lowly geared) should take into cognizance  the amount of leverage incurred because it is a major determinant offirm's performance,  this is obvious in both the highly geared and lowly geared firms.  Also, firms  should use more of equity than debt infinancing their business activities, in as much as the value of a business can be enhanced using debt capital, it gets to a point that it becomes detrimental to the value of the business. 


TABLE  OF CONTENTS

Dedication 

Acknowledgements 

Abstract

CHAPTER  ONE: INTRODUCTION

1.1 Background  to the study 1

1.2 Statement  of the Problem 6

1.3 Objectives  of the Study 9

1.4 Research  Questions 9

1.5 Research  Hypotheses 9

1.6 Significance   of the Study 9

1.7 Scope of the Study 10

1.8 Limitation  the Study 11

1.9 Definition  of Terms 11


CHAPTER TWO: REVIEW OF RELATED  LITERATURE

2.1  Conceptual  Framework                                                                                                   13

2.1.1   Determinants  of Capital  Structure                                                                             18

2.1.2   Determinants  of Dividend  Policy                                                                              21

2.2  Theoretical  Framework                                                                                                  26

2.3 Empirical  Review                                                                                                            39

2.4 Gap in Literature                                                                                                             47


CHAPTER THREE:METHODOLOGY

3 .1   Research  Design                                                                                                              50

3.2  Area of the study                                                                                                            51

3.3   Sources of Data Collection                                                                                             51 

3 .4 Model  Specification                                                                                                       51

3 .5  Data Analysis  Technique                                                                                               52

3.5.1   Discussion  of Variables                                                                                              52


CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND DISCUSSION ON FINDINGS

4.1  Data Presentation                                                                                                             54

4.2  Data Analysis                                                                                                                   55

4.3   Test of hypothesis                                                                                                           58

4.4 Discussion    on Findings                                                                                                   59


CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1 Summary  of Findings                                                                                                     61

5 .2  Conclusion                                                                                                                       61

5 .3  Recommendation                                                                                                             62

References

Appendix 


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APA

OGUADINMA, M (2020). Capital Structure And Dividend Policy Decision On Firms Performance On The Nigeria Stock Exchange. (A Study Of Access Bank Plc.). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/capital-structure-and-dividend-policy-decision-on-firms-performance-on-the-nigeria-stock-exchange-a-study-of-access-bank-plc

MLA 8th

MOUAU/ACC/B.SC./14/23116, OGUADINMA. "Capital Structure And Dividend Policy Decision On Firms Performance On The Nigeria Stock Exchange. (A Study Of Access Bank Plc.)" Mouau.afribary.org. Mouau.afribary.org, 03 Jun. 2020, https://repository.mouau.edu.ng/work/view/capital-structure-and-dividend-policy-decision-on-firms-performance-on-the-nigeria-stock-exchange-a-study-of-access-bank-plc. Accessed 30 Oct. 2024.

MLA7

MOUAU/ACC/B.SC./14/23116, OGUADINMA. "Capital Structure And Dividend Policy Decision On Firms Performance On The Nigeria Stock Exchange. (A Study Of Access Bank Plc.)". Mouau.afribary.org, Mouau.afribary.org, 03 Jun. 2020. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/capital-structure-and-dividend-policy-decision-on-firms-performance-on-the-nigeria-stock-exchange-a-study-of-access-bank-plc >.

Chicago

MOUAU/ACC/B.SC./14/23116, OGUADINMA. "Capital Structure And Dividend Policy Decision On Firms Performance On The Nigeria Stock Exchange. (A Study Of Access Bank Plc.)" Mouau.afribary.org (2020). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/capital-structure-and-dividend-policy-decision-on-firms-performance-on-the-nigeria-stock-exchange-a-study-of-access-bank-plc

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