Artikel
Capital adequacy and corporate performance of non-financial firms: Empirical evidence from Nigeria
This research assesses the effect of capital adequacy on the corporate performance of quoted non-financial firms operating in Nigeria. Several studies on the influence of capital adequacy on corporate performance have been conducted without specific focus on non-financial entities despite their growing contribution to the country's gross domestic product (GDP). The study utilized the ex-post facto research design using secondary data obtained for the period 2011-2020. A sample of thirty-eight (38) out of sixty-three (63) listed non-financial firms were purposively selected while data obtained were analyzed using multivariate regression. The study found that while capital adequacy ratio, equity capital/total assets ratio and cost income ratio negatively affected corporate performance, debt equity ratio and firm size positively influenced corporate performance of quoted non-financial firms operating in Nigeria. It therefore concluded that firm size and profitable use of debt capital in the capital mix of non-financial firms are key factors that can positively drive their corporate performance. Consequently, it recommended that the management of non-financial firms should explore opportunities inherent in profitable use of debt capital to further improve their performance and hence returns to their respective stakeholders. Additionally, regulators of non-financial firms operating in Nigeria should strengthen the risk management monitoring framework to ensure market discipline and balanced growth and development of the firms.
- Sprache
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Englisch
- Erschienen in
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Journal: Cogent Business & Management ; ISSN: 2331-1975 ; Volume: 9 ; Year: 2022 ; Issue: 1 ; Pages: 1-16
- Klassifikation
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Management
- Thema
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capital adequacy
CAR ratio
corporate performance
non-financial firms
regression analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ogunode, Olubunmi Adewole
Awoniyi, Olaolu Ayodeji
Ajibade, Ayodeji Temitope
- Ereignis
-
Veröffentlichung
- (wer)
-
Taylor & Francis
- (wo)
-
Abingdon
- (wann)
-
2022
- DOI
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doi:10.1080/23311975.2022.2156089
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Ogunode, Olubunmi Adewole
- Awoniyi, Olaolu Ayodeji
- Ajibade, Ayodeji Temitope
- Taylor & Francis
Entstanden
- 2022
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