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Equity Financing and Firm Value in Nigeria

Author

Listed:
  • Auwalu Sani Ibrahim

    (Department of Management Science, Kano State College of Education and Preliminary Studies)

  • Hadiza Sabo

    (Department of Management Science, Kano State College of Education and Preliminary Studies)

  • Sunusi Kabiru

    (Department of Management Science, Kano State College of Education and Preliminary Studies)

  • Sharafuddeen Ibrahim Abubakar

    (Department of Management Science, Kano State College of Education and Preliminary Studies)

Abstract

This study investigates the influence of equity financing on firm value in Nigeria using panel analysis technique for 12 listed industrial goods enterprises from 2006 to 2016. The estimate reveals that equity finance reduce the capacity of firm value in Nigeria. It is also discovered that the firm size and growth have negative influence on the value of frim. Hence, the study suggests that managers should design appropriate management skills to come up with the efficient capital mix in financing firm business. This could be through taking into consideration of various theoretical application and the weakened nature of the economy in the best combination of capital for viable business operation.

Suggested Citation

  • Auwalu Sani Ibrahim & Hadiza Sabo & Sunusi Kabiru & Sharafuddeen Ibrahim Abubakar, 2020. "Equity Financing and Firm Value in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(7), pages 267-269, July.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:7:p:267-269
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    References listed on IDEAS

    as
    1. Kodongo, Odongo & Mokoaleli-Mokoteli, Thabang & Maina, Leonard, 2014. "Capital structure, profitability and firm value: panel evidence of listed firms in Kenya," MPRA Paper 57116, University Library of Munich, Germany.
    2. Vo, Xuan Vinh & Ellis, Craig, 2017. "An empirical investigation of capital structure and firm value in Vietnam," Finance Research Letters, Elsevier, vol. 22(C), pages 90-94.
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