Impact of Changes in Ownership Structure on Performance of Quoted Manufacturing Firms in Nigeria.

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dc.contributor.authorAdigbole, E. A., C. O, O. A. & A.E. Olaoye, Fakiyesi, & Dikki
dc.date.accessioned2021-06-02T09:39:49Z
dc.date.available2021-06-02T09:39:49Z
dc.date.issued2019
dc.description.abstractThis study examined the impact of ownership structural changes on performance of quoted manufacturing firms in Nigeria. Specifically, the study analyzed the impact of changes in ownership concentration, change in equity capital and change in debt capital on performance measured in terms of return on asset and return on capital employed. The study sampled five quoted manufacturing firms randomly over a period of five (5) years (2012-2016). Data collated were analyzed using correlation analysis, pooled OLS estimation, fixed effect estimation and random effect estimation. The results of the study revealed that ownership concentration exerts insignificant negative impact on return on asset and return on capital employed, with 0.015686 unit decline in return on asset for every percentage change in the ownership concentration, and decline of 0.2225643 in return on capital employed, change in equity capital by a million will increase return on asset by 5.67e-06, and return on capital employed by .0004006, change in debt capital has the capacity to decline return on asset by -3.25e-08, as against its positive influence of 8.23e-06 on return on capital employed. It can be concluded that even though structural changes enhance performance, changes in ownership concentration and debt capital has the capacity to impede improved performance of manufacturing firms. Hence, it is suggested that manufacturing firms in Nigeria should be strategic in their actions when it comes to structural changes in terms of changes in ownership concentration and debt capital so as not to erode their prospect of improving their performance. Keywords: Structural Changes, Performance, Quoted, Manufacturing Firms, Nigeriaen_US
dc.description.sponsorshipIndividual Authorsen_US
dc.identifier.citationSokoto Journal of Management Studiesen_US
dc.identifier.issn2141-1670
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/5701
dc.language.isoenen_US
dc.publisherFaculty of Management Sciences, Usman Danfodiyo University, Sokoto, Nigeria.en_US
dc.relation.ispartofseriesvol 19 (2);
dc.subjectStructural Changesen_US
dc.subjectPerformanceen_US
dc.subjectQuoteden_US
dc.subjectManufacturing Firmsen_US
dc.subjectNigeriaen_US
dc.titleImpact of Changes in Ownership Structure on Performance of Quoted Manufacturing Firms in Nigeria.en_US
dc.typeArticleen_US

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