Title: Capital Structure and Firms Financial Performance in Nigeria Quoted Insurance Companies

Authors: EKWUEME, .C. Mercilina1 (Ph. D), ATU, Oghogho Gina2

 DOI : http://dx.doi.org/10.31142/afmj/v3i5.01

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About The Authors  

1Lecturer- Department of Accounting, Nnamdi Azikiwe University, Awka, Anambra State

2Lecturer- Department of Accounting, Igbinedion University, Okada

         

Abstract

This study examined the capital structure and firms performance in Nigeria Quoted Insurance companies using a sample of (22) insurance firms Quoted in the insurance sub sector of the financial sector of the economy during (14) years period (2002-2016) are used as observation in this study. The data was analyzed from the annual report and account from that period. Correlation analysis was run to determine the relationship between dependent and independent variables. The study utilized E-view software to generate regression results. From the analysis it was discovered that ;there is a weak relationship between return on equity and the insurance firms capital structure whether in relation to assets or in relation to equity, also the firm’s capital structure components are significant in determining variation are significant in the firms variation in the firms return on equity value. It is recommended that Quoted insurance companies should try to improve their return on equity, because any change in their gearing ratio may cause change in their return on equity either positively or negatively.

        

            DOI ETJ : 10.31142/etj

      DOI AFMJ : 10.31142/afmj

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