IMPACT OF EXTERNAL FINANCING ON FIRM PERFORMANCE EVIDENCE FROM NIGERIA QUOTED MANUFACTURING FIRMS, 1999-2012
ABSTRACT The use of external financing can be described as a balancing act between higher returns for shareholders versus higher risk to shareholders. Though external financing can boost stock performance of firms, it is still inconclusive as to its impact on performance of firms in developing economies like Nigeria. It is, therefore, against this background that this study investigated the impact of external financing on earnings per share; pay-out ratio; ...
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