FINANCIAL STRUCTURE AND FINANCIAL PERFORMANCE OF CONSUMER GOOD IN NIGERIA
Keywords:Financial Structure, Financial Performance, Consumer Goods
This study examined the impact of financial structure on financial performance of quoted consumer goods manufacturing firms in Nigeria. In its specifics, the study probed into the impacts of equity and debt ratios on financial performance of these firms especially with respect to such financial performance measures of return on assets (ROA), return on equity (ROE) and earnings per share (EPS). The study was hinged on the Pecking Order theory of financial structure which was developed by Myers and Majluf (1984). The study concluded that financial structure is thus a very important aspect of corporate financial study. Management must pay good attention to issues involving the determination of proportion of debts and equity that would be used in financing their operations.