Does Ownership Structure Moderate the Relationship Between Corporate Financial Structure and Corporate Financial Performance? Concept Paper

Review of empirical studies from both developed and developing countries show that the findings on the impact of corporate financial structure on financial performance continue to yield conflicting and inconsistent findings. While some findings reveal positive and significant effects, many studies s...

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Bibliographic Details
Published in:Journal of finance, accounting, and management accounting, and management, 2017-07, Vol.8 (2), p.17
Main Authors: Bayero, Musa Abdullahi, Bambale, Abdu Ja'afaru
Format: Article
Language:English
Subjects:
Asymmetry
Banking industry
Capital markets
Capital structure
Corporate debt
Corporate governance
Costs
Debt financing
Developing countries
Economics
Emerging markets
Financial performance
LDCs
Profitability
Return on assets
Social responsibility
Stakeholders
Stock exchanges
Stockholders
Strategic management
Studies
Transition economies
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Summary:Review of empirical studies from both developed and developing countries show that the findings on the impact of corporate financial structure on financial performance continue to yield conflicting and inconsistent findings. While some findings reveal positive and significant effects, many studies show negative and significant findings. At the same time there are some studies that show insignificant effects and as such the debate continue to call for more empirical investigations. The objective of this study is to investigate how employing ownership structure could moderate the effect of corporate financial structure on a firm's long-term performance using return on assets (ROA), return on equity (ROE), and Tobin's Q as measures of corporate financial performance. The proposed study would be conducted in Nigerian banking industry, and the study would examine the banks' operations for 6 years (2010-2015). The regression analysis would be employed in analyzing the panel data.
ISSN:2153-2818
2153-2826