Business, Management and Accounting
4 years ago

Nigerian firms' profitability boosted by expansion and low debt ratios.

The Global Journal of Business Research
Profitability and Leverage: Evidence from Nigerian Firms
Olayinka Olufisayo Akinlo, Taiwo Olufemi Asaolu

Paper Summary

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The article examines how profitable Nigerian firms were from 1999 to 2007 and how debt levels affected their profits. Overall, profits decreased slightly each year, but some firms saw an increase. Bigger firms tended to make more money, while having a lot of debt hurt profitability. Expanding, selling more, and keeping debt low can help firms make more money.