Strategic Management Quarterly

Determinants of Debt Financing of Listed Industrial Goods Firms in Nigeria
ZUBAIR, Idris Abdul-kemi Ph.D; ZIRRA, Clifford Tizhe Oaya Ph.D; Charles J. Mambula I. Ph.D.

Abstract
Financial decision is a core aspect of financial re-engineering and is critical to the survival of any organization. Debt financing is however paramount in view of its advantage over equity financing in some cases in Nigeria, little research work had been undertaken on this aspect most especially that of industrial goods sector of the economy. The study was undertaken to answer the research question of what are the determinants of debt financing in the quoted industrial goods companies in Nigeria with the major objective to critically examine the determinants of debt financing of listed industrial goods companies in Nigeria. Five hypotheses was postulated to aid the study while the study is significant in providing empirical evidence on the determinants of corporate debt financing in the Nigeria listed industrial goods companies and add to the existing body of literature on debt or leverage financing in developing countries. The study is restricted to all companies classified by the Nigerian Stock Exchange (NSE) under the industrial goods sector who are in operation during the period of ten years (2005 and 2014).

Full Text: PDF     DOI: 10.15640/smq.v7n1a1