CAPITAL STRUCTURE AND EARNINGS PER SHARE AS MEASURE OF PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

OLUKUNLE, IBUKUN FATOGUN and SHERIF, BABAJIDE BALOGUN (2020) CAPITAL STRUCTURE AND EARNINGS PER SHARE AS MEASURE OF PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA. In: International Conference Federal Polytechnic Ilaro, Ogun State, 9TH November, 2021, The Federal Polytechnic, Ilaro. (Unpublished)

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Abstract

The study evaluated the effect of capital structure on earnings per shares as performance measurement of deposit money banks in the Nigerian Stock Exchange covering 2009 to 2018. The research explores the relationship between capital structure and performance of deposit money banks using the dependent and independent variables. The study employed ordinary least square method. Secondary data extracted from annual reports of the fifteen deposit money banks was used. Data collated were analyzed using correlation analysis, fixed effect panel analysis, random effect panel analysis, as well as post estimation test such as restricted f-test of heterogeneity and Hausman test. The findings show that BAG and TDC are having negative significant effect on EPS with p-values of 0.0000 and 0.0041 respectively but BS is having significant positive effect with p-value of 0.0000 and about 85.8% variation in EPS which could be attributed to the joint effect of independent variables. The work therefore concludes that the managements of the banks should find means of increasing assets and bank size which will increase performance of deposit money banks and reduce debt which decrease performance of the sector. Keywords: Capital, Performance, Earnings per shares, Deposit money banks

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Unnamed user with email [email protected]
Date Deposited: 03 Apr 2023 12:19
Last Modified: 03 Apr 2023 12:19
URI: http://eprints.federalpolyilaro.edu.ng/id/eprint/2262

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