International Journal of Application or Innovation in Engineering & Management
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ISSN 2319 – 4847
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Call for Paper, Published Articles, Indexing Infromation Financial Leverage and Shareholders’ Wealth: An Empirical Analysis of Foods and Beverages Firms in Nigeria, Authors : Ezejiofor, Raymond A. ,Nwakoby, Nkiru Peace, Okoye, Janefrances A., International Journal of Application or Innovation in Engineering & Management (IJAIEM), www.ijaiem.org
Volume & Issue no: Volume 8, Issue 12, December 2019

Title:
Financial Leverage and Shareholders’ Wealth: An Empirical Analysis of Foods and Beverages Firms in Nigeria
Author Name:
Ezejiofor, Raymond A. ,Nwakoby, Nkiru Peace, Okoye, Janefrances A.
Abstract:
Abstract This study investigates the shareholders fund of quoted foods and beverage firms in Nigeria. This study employed expost facto research design. The study employed descriptive statistics and inferential statistics regression analysis was used to test the formulated hypotheses at 5% level of significance. Findings based on the empirical analysis indicated that debt-to-equity ratio shows negative significant influence earnings per share and return on equity of quoted foods and beverage firms in Nigeria at 5% level of significance respectively. It was recommended that financial decisions taken by the management should ensure be in consonance with shareholders wealth maximization objectives in order to achieve an increase in returns of equity. Key words: financial leverage, debt-equity, EPS, and return on equity
Cite this article:
Ezejiofor, Raymond A. ,Nwakoby, Nkiru Peace, Okoye, Janefrances A. , " Financial Leverage and Shareholders’ Wealth: An Empirical Analysis of Foods and Beverages Firms in Nigeria " , International Journal of Application or Innovation in Engineering & Management (IJAIEM), Volume 8, Issue 12, December 2019 , pp. 019-026 , ISSN 2319 - 4847.
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