Effect of Capital Structure on Performance of Poultry and Piggery Enterprises in Abia State, Nigeria
Abstract
This study analyses the effect of capital structure on performance of poultry and piggery enterprises in Abia State, Nigeria. A multi-stage random sampling technique was used to select the sample. Primary data collected from 83 livestock enterprises comprising of 50 poultry enterprises and 33 piggery enterprises were used for the study. Data collected were analyzed using Ordinary Least Squares (OLS) multiple regression technique. Findings showed that credit receivables, amount of savings, cash at hand, trade credits, short-term debt capital and credit payable significantly influenced the performance of poultry enterprise in Abia State, whereas, credit receivables, amount of savings, cash in hand, short-term debt capital, trade credits, and credit payable significantly influenced
the performance of piggery enterprise in Abia State. The study recommends that policies on enhancing the level of performance of poultry and piggery enterprises should consider capital structure variables such as credit receivables, amount of savings, cash at hand, trade credits, short-term debt capital and credit payable which significantly influenced the performance of poultry and piggery enterprises in Abia State.
NAJ supports free online communication and exchange of knowledge as the most effective way of ensuring that the fruits of research and development practice are made widely available. It is therefore committed to open access, which, for authors, enables the widest possible dissemination of their findings and, for readers, increases their ability to discover pertinent information. The Journal adopts and uses the CC: BY license and is open access. This license lets others distribute, remix, adapt, and build upon your work, even commercially, as long as they credit you for the original creation. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the Journal’s published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. Copyright for articles published in this Journal is retained by the Journal.
