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Corporate Financing and Efficiency of Indigenous Energy Firms in Nigeria: A Literature Review

Author

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  • Anthonia Taye Odeleye

    (Department of Economics, Caleb University, Imota, Lagos State, Nigeria)

Abstract

This paper reviews the theoretical as well as the empirics of corporate financing as it relates to the efficiency of indigenous energy firms in Nigeria. It begins with an appraisal of the sources of corporate finance and their impacts on firms operations. The study delves into the evolution of oil in Nigeria when foreigners were the sole players due to expertise and technological relevancy. The indigenisation policy of the 1970s expanded Nigerian government s involvement in the oil sector; in 1990, following a policy statement of the then military government, oil concessions were granted to Nigerian oil companies whose ownership was truly Nigerian and whose managing directors were Nigerian citizens. Further, key analytical issues towards efficiency of the local energy firms were considered.

Suggested Citation

  • Anthonia Taye Odeleye, 2014. "Corporate Financing and Efficiency of Indigenous Energy Firms in Nigeria: A Literature Review," International Journal of Energy Economics and Policy, Econjournals, vol. 4(1), pages 53-64.
    • Handle: RePEc:eco:journ2:2014-01-6
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    Cited by:

    1. Jomar Patricia De Avila Arroyo & Milton Yago & Muhammad Ali Nasir & Junjie Wu, 2014. "Strategic Alliance in Energy Sector & Implications for Economic Growth and Technical Efficiency: The Case of Petrobras and Galp," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 759-771.

    More about this item

    Keywords

    Corporate financing; Efficiency; Indigenous; Trade-off theory; Pecking order theory;
    All these keywords.

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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