| Article Details : |
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| | | Article Name : | | | Financial Structure and Financial Performance of
Quoted Non-Financial Service Firms on Nigerian
Stock Exchange (1993 – 2015)
| | Author Name : | | | Dr. OLEKA, DOROTHY CHIOMA, Dr. FELIX NWAOLISA ECHEKOBA, AMALACHUKWU CHIJINDU ANANWUDE1, PASCHAL CHIKWADO NWAKOBI | | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | This study ascertained the effect of financial structure on
financial performance of quoted non-financial service firms on
Nigerian Stock Exchange proxied by return on assets, return on equity,
net profit margin and gross revenue growth. The study employed panel
unit root, Kao’s residual co-integration, Johansen Fisher cointegration, granger causality test, pooled, fixed, and random effect
Ordinary Least Square (OLS) estimation technique using a panel data
from 1993 to 2015. The results of the analyses revealed that financial
structure has no significant effect on financial performance of quoted
non-financial service on Nigerian Stock Exchange. Non-financial
service firms should fund their operations with more of equity capital. | | Keywords : | | | Financial Structure, Return on Assets, Return on Equity,
Net Profit Margin, Gross Revenue. |
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