Do corporate governance attributes improve capital structures of quoted non-financial firms in Nigeria? An estimated generalized least squares (EGLS) approach

Authors

  • Lawrence U. Egbadju Federal University Otuoke, Otuoke, Bayelsa State, Nigeria

Keywords:

Corporate Governance Attributes, Capital Structure, Quoted Non-Financial Firms, EGLS

Abstract

In this study, corporate governance attributes and capital structures relation of quoted nonfinancial firms in Nigeria was investigated. Secondarily panel data over the period from 2007 to
2022 of 75 of those firms quoted in the floor of the Nigerian Exchange Group (NXG) was used.
The estimated generalized least squares (EGLS) results reveal that while BODS,BMET, BSSN,
FOWN, BTD, NFODIR, CEOAG, ACFE and ACGD are positively and statistically significant
with DER; BB, IOWN, BCOMPEN and IMAC are negatively relationship with DER. For the
control variables, while FAGE, LEV, RISK and BIG4 are negatively and statistically significant
with DER; FSIZE is positively significant with it.

Author Biography

Lawrence U. Egbadju, Federal University Otuoke, Otuoke, Bayelsa State, Nigeria

Department of Accounting

Downloads

Published

2024-06-06

How to Cite

U. Egbadju, L. (2024). Do corporate governance attributes improve capital structures of quoted non-financial firms in Nigeria? An estimated generalized least squares (EGLS) approach. FUW-International Journal of Management and Social Sciences, 9(2). Retrieved from https://fuw-ijmss.com.ng/index.php/fijmss/article/view/89