DETERMINANT OF LEVERAGE IN LISTED SERVICE COMPANIES IN NIGERIA
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The term leverage is used to represent the proportionate relationship between debt and equity (Pandey, 2010). The concept used to study the effect of various mix of debt and equity on the shareholders return and the risk in the capital structure of a firm is known as leverage (Bhanu, 2011). Leverage is an investment strategy of using borrowed money to generate outsized ...
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