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Capital Structure and Firm Performance: Evidence From 2021 Best-Performed Stocks in Nigeria

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  • Shedrack Enyeribe Nwannunu

    (Department of Accountancy, Abdu Gusau Polytechnic, Nigeria)

Abstract

The researcher used an eight-firm sample drawn randomly from a population of ten to study the relationship between capital structure and stock performance of the companies that traded the best-performing stocks on the Nigerian stock exchange in 2021. The study used a four-year panel data collection (2018–2021). For hypothesis testing, the study used EXCEL-generated research statistics and the least-squares dummy variables (LSDV) regression in SPSS. The findings show a statistically significant positive correlation between corporate capital structure and stock performance (ROA and R.O.E.). The study recommended employing larger samples of the best-performing equities over two or more years.

Suggested Citation

  • Shedrack Enyeribe Nwannunu, 2022. "Capital Structure and Firm Performance: Evidence From 2021 Best-Performed Stocks in Nigeria," International Journal of Research and Innovation in Applied Science, International Journal of Research and Innovation in Applied Science (IJRIAS), vol. 7(9), pages 65-75, September.
    • Handle: RePEc:bjf:journl:v:7:y:2022:i:9:p:65-75
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