Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/871
Title: THE CAPITAL STRUCTURE OF NIGERIAN QUOTED COMPANIES AND ATTITUDES TOWARDS FINANCIAL RISK
Issue Date: 1985
Publisher: Nigerian Journal of Business Administration
Series/Report no.: 1;1
Abstract: A time-series analysis of the capital structure of Nigerian quoted companies over the period 1975-1981 provides evidence that they possess a very high equity content contributed by high earnings retention and expanded by the sale of shares in response to the Nigerian Enterprises Promotion Act of 1977. The substitution hypothesis that the internal funds flow is used to substitute oe reduce debt obligations as an avenue for reducing financial risk is also confirmed.
URI: http://hdl.handle.net/123456789/871
Appears in Collections:Abstracts

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