Abstract:This study seeks to examine the impact of capital structure on corporate financial performance of four cement companies in Nigeria for the period 2006 -2015. Data selected as proxies for the financial performance of the firms, which included return on asset (ROA), return on equity (ROE), and return on sales (ROS) were generated from the firm's audited annual financial reports. Data on total debt/asset ratio (TDA), longterm debt/asset ratio (LDA), and equity/asset ratio (EQA) were selected as proxies for capita… Show more
“…Remarkably, this investigation applies the exercise of ARDL cointegration technique by using 12-year average-based time series data which is consistent with the former researchers’ practices in capital structure [see Refs. [ 83 , 84 ]].…”
Section: Assessment Methods and Models Specificationsmentioning
“…Remarkably, this investigation applies the exercise of ARDL cointegration technique by using 12-year average-based time series data which is consistent with the former researchers’ practices in capital structure [see Refs. [ 83 , 84 ]].…”
Section: Assessment Methods and Models Specificationsmentioning
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.