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Board leadership and firm capital structure decision in Nigeria: an examination of CEO and chairperson's characteristics

Sani Saidu

African Journal of Accounting, Auditing and Finance2024https://doi.org/10.1504/ajaaf.2024.137535article
AJG 1ABDC C
Weight
0.30

What the paper says

Prior studies on firm capital financing ignored the importance of the leadership characteristics.As a result, this study investigates the impact of board chairperson and CEO characteristics on firm debt financing in Nigeria.The study draws data on 54 listed firms and analysed using regression estimator in testing the hypotheses of the relationship between the board leaders' characteristics and firm capital structure.The finding from the analysis shows that firms secure more debt financings when the board leaders have ownership stakes in the firm.This study presents the original result of the relationship between CEO and chairperson characteristics and firm capital structure decision which were ignored in prior studies.The study shows how powerful the board leadership is in determining capital structure which prior study linked to firms outcomes.

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Cite this paper

https://doi.org/https://doi.org/10.1504/ajaaf.2024.137535

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@article{sani2024,
  title        = {{Board leadership and firm capital structure decision in Nigeria: an examination of CEO and chairperson's characteristics}},
  author       = {Sani Saidu},
  journal      = {African Journal of Accounting, Auditing and Finance},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1504/ajaaf.2024.137535},
}

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Board leadership and firm capital structure decision in Nigeria: an examination of CEO and chairperson's characteristics

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Evidence weight

0.30

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.