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Effect of Capital and Ownership Structure on Financial Performance of Listed Information and Communication Technology Firms in Nigeria

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  • Ogunleye, Joshua Kehinde Ph.D

    (Department, Business Edication, Osun State collge of Education, Ila-orangun, Nigeria)

  • Afolabi, Chukwudi Segun Ph.D

    (Department of Accounting, University of Ilesa, Ilesa, Nigeria)

  • Akinleye, Bilikis Olayemi Ph.D

    (Department of Aounting, Adeleke University Ede,Nigeria)

  • Tajudeen Adewale Odetayo

    (Department of Accounting, University of Ilesa, Ilesa, Nigeria)

  • Igbaroola, Oluwafemi Ayodimeji

    (Department of Accounting, University of Ilesa, Ilesa, Nigeria)

Abstract

The study examines how different types of capital ownership affect the financial performance of publicly traded IT companies. The study also examined the relationships and effects among the selected variables. The study looked at the firm's debt-to-equity ratio, total debt-to-asset ratio, long-term debt-to-asset ratio, and short-term debt ratio. The firm's financial performance was the dependent variable. It also looked at managerial, institutional, and foreign ownership. We considered an ex-post facto research design appropriate for the study, which focused on the ten years' annual financial reports of the listed information and communication technology firms (2014-2023). The data analysis employed the multiple regression technique, panel data analysis with fixed effects, random effects, and pooled ordinary least square models. It was found that the capital and ownership structure of listed ICT companies in Nigeria have a big impact on their financial performance (FV=18.20, P

Suggested Citation

  • Ogunleye, Joshua Kehinde Ph.D & Afolabi, Chukwudi Segun Ph.D & Akinleye, Bilikis Olayemi Ph.D & Tajudeen Adewale Odetayo & Igbaroola, Oluwafemi Ayodimeji, 2025. "Effect of Capital and Ownership Structure on Financial Performance of Listed Information and Communication Technology Firms in Nigeria," International Journal of Latest Technology in Engineering, Management & Applied Science, International Journal of Latest Technology in Engineering, Management & Applied Science (IJLTEMAS), vol. 14(3), pages 137-147, March.
    • Handle: RePEc:bjb:journl:v:14:y:2025:i:3:p:137-147
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