An Empirical Investigation into the relationship between Capital Structure and Firm`s Market Value in Nigeria

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dc.contributor.authorOkoye, Peter Anija
dc.contributor.authorAyogu Sunday
dc.date.accessioned2025-04-24T08:44:06Z
dc.date.issued2019-02-02
dc.description.abstractFollowing the Modigliani and Miller theory (1963), there have been considerable debates on the nature of relationship that exists between a company`s capital structure and its market value. This study seeks to empirically investigate the relationship between corporate capital structure and a firm`s market value in Nigeria.. Dataset from selected companies listed on the Nigerian Stock Exchange for the period of 2013- 2017 were used for analysis. Results from the analysis show a positively significant relationship between a firm`s capital structure and its market value.. Hence, the study recommends that listed companies in Nigeria should optimize their capital structure in order to maximize their market value for the benefit of all the stakeholders.
dc.identifier.citationOkoye, Peter Anija et al. (2019). An Empirical Investigation into the relationship between Capital Structure and Firm`s Market Value in Nigeria. Journal of Accounting, Finance and Development, 2(1)
dc.identifier.issn2346-7428
dc.identifier.urihttps://repository.nileuniversity.edu.ng/handle/123456789/555
dc.language.isoen
dc.publisherJournal of Accounting, Finance and Development
dc.relation.ispartofseries2; 1
dc.subjectCapital Structure
dc.subjectListed companies
dc.subjectMarket value
dc.subjectNigerian Stock Exchange
dc.titleAn Empirical Investigation into the relationship between Capital Structure and Firm`s Market Value in Nigeria
dc.typeArticle

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This contains research articles published by lecturers in the department of Accounting