CAPITAL STRUCTURE AND PROFITABILITY OF SELECTED AGRICULTURE AND AGRO-ALLIED FIRMS ON NIGERIAN STOCK EXCHANGE: POST INTERNATIONAL CAPITAL STRUCTURE AND PROFITABILITY CAPITAL STRUCTURE AND PROFITABILITY OF SELECTED AGRICULTURE AND AGRO-ALLIED FIRMS ON NIGERIAN STOCK EXCHANGE: POST INTERNATIONAL FINANCIAL REPORTING STANDARD ANALYSIS

Otekunrin, A. O. and Nwanji, T. I. and Obasaju, B.O. (2018) CAPITAL STRUCTURE AND PROFITABILITY OF SELECTED AGRICULTURE AND AGRO-ALLIED FIRMS ON NIGERIAN STOCK EXCHANGE: POST INTERNATIONAL CAPITAL STRUCTURE AND PROFITABILITY CAPITAL STRUCTURE AND PROFITABILITY OF SELECTED AGRICULTURE AND AGRO-ALLIED FIRMS ON NIGERIAN STOCK EXCHANGE: POST INTERNATIONAL FINANCIAL REPORTING STANDARD ANALYSIS. International Journal of Civil Engineering and Technology (IJCIET), 9 (13). pp. 1615-1625. ISSN ISSN Print: 0976-6308 and ISSN Online: 0976-6316

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Abstract

Firms and their profitability using data on 18 selected agriculture and agro-allied firms which are listed on the Nigerian Stock Exchange. The study is based on the post adoption of International Financial Reporting Standard and spans 2007 through 2012. Using the Ordinary Least Square analytical technique and garnering secondary data from firms’ annual reports, the empirical results show that profitability is positively and significantly related to shareholder equity but negatively and significantly related to long-term debt. The findings here lend credence to the need for agriculture and agro-allied firms to prioritise internal sources of revenue. Key words: Capital Structure, Profitability, Shareholder Equity, Long-term Debt; Ordinary Least Square

Item Type:	Article
Subjects:	H Social Sciences > HG Finance
Depositing User:	Mr DIGITAL CONTENT CREATOR LMU
Date Deposited:	08 Oct 2019 11:35
Last Modified:	08 Oct 2019 11:35
URI:	https://eprints.lmu.edu.ng/id/eprint/2492

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