Okoyeuzu chinwe

ABSTRACT: This paper examines time-series patterns of external financing decisions consistent with the pecking order theory. Emerging markets provide an excellent laboratory to test the explanatory power of financing deficit given the under developed markets for corporate control.The adverse selection problem of external financing automatically leads to the standard pecking order in which debt dominates equity.we run a regression with a firm's change in debt as the dependent variable and i

Abstract: The purpose of this study is to carry out empirical testing using dynamic panel data methodology, to analyse the relationship between corporate taxation and debt. The choice of Nigeria is that Nigeria economy is a strong force in Africa. We adapt a standard model of capital choice under corporate taxation. We controlled for other leverage determinants. Our dataset covers a cross-section of 60 quoted firms from Nigerian stock markets over a ten year period (1996-2005), we find that