|
|||||||||||||||
|
INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
||||||||||||||
Issue: May 2024
Volume 9 | Issue 5
Review Result and Publication of Paper within : 2-3 days
Click Here For more DetailsFor Authors
Forms / Download
Published Issue Details
Editorial Board
Other IMP Links
Facts & Figure
Impact Factor : 8.76
Issue per Year : 12
Volume Published : 9
Issue Published : 96
Article Submitted :
Article Published :
Total Authors :
Total Reviewer :
Total Countries :
Indexing Partner
Join RMS/Earn 300
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
|
Published Paper Details
|
|
| Paper Title: | Moderating Effect of Board Characteristics on the Relationship between Capital Structure and Financial Performance of Listed Consumer Goods Companies in Nigeria. |
| Authors Name: | Inyang, Ernest Ebong , Bilyaminu Yusuf Hanga , Maryam.I. Muhammad |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_201743
|
| Published Paper Id: | IJNRD2307445 |
| Published In: | Volume 8 Issue 7, July-2023 |
| DOI: | |
| Abstract: | This study examined the moderating effect of board characteristics on the relationship between capital structure and financial performance of listed consumer goods companies in Nigeria. Data for the study were collected from the annual reports and accounts of the sampled companies for the period of twelve (12) years from 2009 to 2020. The data collected were analysed using descriptive statistics to provide summary statistics for the variables, and correlation analysis was carried out using Pearson Product Moment Correlation technique to assess the correlation between the dependent and independent variables. The diagnostic test of both independent and dependent variable was carried out to ensure the validity of the findings. Generalized Least Square (that is, random effects regression for model one, and fixed effect for models two and three) was used in testing the study hypotheses using Stata software version 14.0. The study reveals that the independent variables, long-term debt, short-term debt and debt equity ratio, positively affect financial performance, which means the variables encouraged performance of companies, while the moderating variables, gender diversity, board independence, and board financial expertise, positively affect financial performance, except board size which negatively affects performance of listed consumer goods companies in Nigeria. The study concluded that board characteristics have a positive effect on capital structure and financial performance of listed consumer goods companies in Nigeria. The study, therefore, recommended that shareholders of these companies should appoint more independent directors, increase the size of the board, and appoint more females and more financial experts as directors. This would enhance effectiveness in the financial growth of companies with a view to increasing shareholders’ wealth. |
| Keywords: | Capital Structure, Board Characteristic ,Financial performance ,Consumer Goods |
| Cite Article: | "Moderating Effect of Board Characteristics on the Relationship between Capital Structure and Financial Performance of Listed Consumer Goods Companies in Nigeria.", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.e394-e413, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307445.pdf |
| Downloads: | 000118768 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID:IJNRD2307445 Registration ID: 201743 Published In: Volume 8 Issue 7, July-2023 DOI (Digital Object Identifier): Page No: e394-e413 Country: Wukari, Taraba, Nigeria Research Area: Social Science and Humanities Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2307445 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2307445 |
| Share Article: |
|
|
Click Here to Download This Article |
|
| Article Preview | |
|
|
|
Major Indexing from www.ijnrd.org
| Semantic Scholar | Microsaoft Academic | ORCID | Zenodo |
| Google Scholar | ResearcherID Thomson Reuters | Mendeley : reference manager | Academia.edu |
| arXiv.org : cornell university library | Research Gate | CiteSeerX | PUBLON |
| DRJI | SSRN | Scribd | DocStoc |
ISSN Details
 |
 |
|
ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016
DOI (A digital object identifier)
Conference
Open Access License Policy
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Important Details
Social Media
Licence
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Join RMS/Earn 300
| Copyright © 2024 - All Rights Reserved - IJNRD |
Facebook Twitter Instagram LinkedIn