Corporate Governance and Capital Structure of Listed Manufacturing Firms in Nigeria (Published)
The study examines the impact of corporate governance on capital structure of the quoted manufacturing firms in Nigeria. This study used secondary data methodology to obtained annual report and sample of 28 out of 68 listed manufacturing firms on the Nigeria stock exchange over a period of ten years 2013-2022. The findings revealed significant and positive relationship between corporate governance and financial leverage of listed manufacturing firms in Nigeria. Specifically, the board size coefficient is positive and statistically significant at the 0.01 level and shows a significant positive relationship between board size and financial leverage. The results further indicate a significantly positive relationship between CEO duality and leverage. The coefficient of dual in the model is positive (coef=0.402) and is significant (t=2.640) at the 0.01 level. However, board composition revealed a negative but significant relationship with financial leverage of the listed manufacturing firms in Nigeria. It is recommended that management of manufacturing companies in Nigeria should always display creativity that will ensure good corporate governance so as to significantly drive down the gearing level of their companies.
Keywords: Capital Structure, Corporate Governance, Firms, Manufacturing, Nigeria
Intellectual Capital Profile: Is it Efficient in Islamic Banks? (Published)
The purpose of this research is to identify the extent of Intellectual Capital Efficiency which consists of Human, Structure and Relational Capital in Islamic banks, in creating Value Added. Intellectual Capital measurement method uses the model VAIC (Value Added Intellectual Capital).The research method used is descriptive quantitative, which is a study that aims to explain the characteristics of research variables. In describing the Intellectual Capital License consisting of Human capital, Capital Structure and Relational capital in Islamic banks. The population of this study was 11 Islamic banks during 2016- 2018. This study uses secondary data obtained from Islamic Banking financial statements.The results of the study show that on average there is an inefficiency in Human Capital and Relational Capital while the capital structure shows the condition of efficiency.
Keywords: : Human Capital, Capital Structure, Relational capital, value added intellectual capital.