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An Examination of Organizational Age Effect on Debt to Equity Ratio of Firms at the Nigeria Stock Exchange Market

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The paper seeks to examine organizational age effect on debt to equity ratio in Nigeria. The main objective of the study was to examine organizational age effect on debt to equity ratio. The relevant literature was reviewed for the purposes of this study. This study adopts the ex-post facto design. The paper uses secondary data only extracted from the Annual Reports and Accounts of 16 sampled firms out of the insurance companies in Nigeria. The target population of this study is the thirty-two (32) quoted insurance firms on the Nigerian Stock Exchange (NSE) and random sampling technique was used. Multiple regressions were used to analyse data and the hypotheses was tested at 5% significant level using Statistical Package for Social Sciences (SPSS). It was found that Organizational age does not have significant effect on Debt to Equity Ratio (p value = 0.737). The study recommended that managers should consider the organizational age effect on debt to equity ratio.
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In-Text Citation: (Ugwu, Obasuyi, & Mbah, 2019)
To Cite this Article: Ugwu, K. O., Obasuyi, G. D., & Mbah, C. C. (2019). An Examination of Organizational Age Effect on Debt to Equity Ratio of Firms at the Nigeria Stock Exchange Market. International Journal of Academic Research Business and Social Sciences, 9(5), 542–554.