THE IMPACT OF DEBT FINANCING ON VALUE OF NIGERIAN FIRMS

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Modigliani-Miller theorem is one of the cornerstones of modern corporate finance. At its heart, the theorem is an irrelevance proposition; the Modigliani-Miller theorem provides conditions under which a firm’s financial mix does not affect its value. No wonder, Modigliani (1980, xiii) explains the theorem as follows: […]

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THE IMPACT OF SMALL-SCALE ENTERPRISES FINANCING IN IMPROVIING THE SOCIO-ECONOMIC WELL BEING OF DELTA STATE

CHAPTER ONE BACKGROUND OF THE STUDY According to Adekunle (2005), the importance of the Small Scale Enterprises to Economic development of any country whether developing or developed cannot be overemphasized. Small Scale Enterprises considered to be one of the driving forces in economic development. They stimulate private ownership and Entrepreneurship skill, they are feasible and […]

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