Impact of capital structure on the financial performance of listed manufacturing firms in Nigeria 2013 - 2023 Department:Accountancy By: PRINDYTECHNIE Project ID: 8888 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractIn the context of Nigeria's manufacturing sector, the financial performance of manufacturing firms is critically influenced by their capital structure, which determines the composition of debt and equity used to finance operations and growth. This study determined the Impact of Capital Structure on the Financial Performance of Listed Manufacturing Firms in Nigeria (2013-2023). The specific objective of this study is to examine the extent to which liquidity, firm size and leverage affect the financial performance of listed manufacturing firms in Nigeria. Capital Structure Irrelevance Theory and Dynamic Trade-off Theory was reviewed for the purpose of this study. This study adopted an Ex-post facto research design and purposively selected six (6) manufacturing companies (firms) listed on the Nigeria Stock Exchange: Guinness, UAC Nigeria Breweries, Nestle Nigeria, Unilever Nigeria and Cadbury. The study formulated three hypotheses and findings were explicitly discussed. The study found that liquidity has a significant impact on the financial performance of manufacturing firms in Nigeria. The study also found that firm size has a significant impact on the financial performance of the firms. Leverage has a significant impact on the financial performance of manufacturing firms in Nigeria and the impact is positive. In view of the findings, it is recommended among others that the management of the selected companies should work very hard to increase the size of their capital structure, since it has a positive impact on their financial performance. Also, the companies should reduce the level of liquidity and leverage in their capital structure components, because they affect their financial performance negatively....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )