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Determinants of Capital Structure of Business Enterprises: A Study of Roban Stores in Southern Nigeria

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  • Nnajiofor C. Eneh

    (Department of Management, University of Nigeria, Enugu Campus)

  • Adaora O. Ufondu

    (Department of Marketing, University of Nigeria, Enugu Campus)

  • Okechukwu P. Emeter

    (Department of Marketing, University of Nigeria, Enugu Campus)

Abstract

This study sort the determinants of capital structure of business enterprises with Roban Stores Enugu as the key focus. The hypotheses of the study are that there is a positive relationship between; profitability and growth opportunities, and business enterprises. The survey research design was adopted. The population of the study were the 1,348 staff of Roban Stores in Southern Nigeria. A sample of 299 was selected using Cochran formular for finite population. The questionnaire was used to collect data. Pearson moment correlation was used to test the formulated hypotheses. The findings reveal that profitability have significant influence on the business enterprises Roban Stores and growth opportunities have significant influence on the business enterprises Roban Stores. The study recommends that business enterprises owners should always be mindful of their capital structures to aid them in keeping abreast on the general performance of their business.

Suggested Citation

  • Nnajiofor C. Eneh & Adaora O. Ufondu & Okechukwu P. Emeter, 2025. "Determinants of Capital Structure of Business Enterprises: A Study of Roban Stores in Southern Nigeria," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(5), pages 367-379, May.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:5:p:367-379
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