Business, Management and Accounting
2 years ago

Optimal capital structure key to boosting Nigerian manufacturing company profits.

Journal of Applied and Theoretical Social Sciences
Capital Structure and Financial Performance of Manufacturing Companies in Nigeria
Clement Olatunji Olaoye, Olufemi Dadepo Adesina

Paper Summary

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The study looked at how the way companies in Nigeria mix their money affects how well they do financially. They checked data from ten manufacturing companies over twelve years. The results showed that having more debt compared to equity didn't really affect how much profit the companies made. But having more debt did make the companies' owners earn more money. Overall, having the right mix of money is important for these companies to make good profits.