期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2022
卷号：4
期号：1
页码：815-827
DOI：10.35629/5252-0401618621
语种：English
出版社：IJAEM JOURNAL
摘要：This study ascertained the effect of Firm Characteristics on Capital Structure of Deposit Money Banks listed on Nigeria Stock Exchange from 2008-2019. Specifically, this study determined the effect of firm size, firm growth and board size on debt-to-equity. Panel data were used in this study, which were obtained from the annual reports and accounts of thirteen (13) sampled listed commercial banks for the periods 2008-2019. ExPost Facto research design was employed. Inferential statistics using Pearson correlation coefficient, Multicollinearity test Ordinary least square regression analysis and Heteroskedasticity test were applied to test the hypotheses of the study. The results showed that firm size and firm growth have a significant positive effect on debt-toequity ratio while board size has significant negative effect on debt-to-equity ratio at 5% level of significance respectively. The study recommended inter alia that firms should embrace innovation as a way of increasing the efficiency of the assets. Increased efficiency of assets is critical to maximising the profitability of the firms, which consequently reduces the negative impact arising from the cost of debt (financing costs).
