BusiNEss CapiTal sTruCTurE aNd MaNufaCTuriNg firMs pErfOrMaNCE iN NigEria
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Review of Economic Studies and Research Virgil Madgearu, Faculty of Economics and Business Administration, Babes-Bolyai University Cluj-Napoca, Romania
DOI
Abstract
This study considered capital structure and manufacturing firms’
performance by examining whether debt or equity as forms of business financing
assist firms to take independent and proper investment decisions that may enhance
corporate performance and financial stability. The study adopted primary data
through the questionnaire and regression analysis was used to test the hypotheses.
The result revealed that both debt and equity have a significant influence on
investment decision of firms. In addition, the combination of both forms of financing
significantly affects corporate performance. The study obliged organizations to
draw a master plan for financing options to facilitate quality decisions.