Оптимизация кредитного капитала для эффективной деятельности нигерийских компаний по пищевым продуктам и напиткам

Аннотация

This study examines how to uptmize loan capital for achieving greater performance by Nigerian listed foods and beverages companies. The study used secondary source of data to obtain panel data from the financial records of the selected companies between 2011 and 2020. A sample of four (4) listed firms were purposively selected based on availability of data from the study population of eight (8) foods and beverage listed firms on the Nigerian Stock Exchange. The study employed fixed effect and random effect models for data estimation The study found that the coefficient of −0.00892638 with a P-value of 0.9405 > 0.05 reflected a negative insignificant effect of short-term debts on performance, while the coefficient of 0.0327119 with a P-value of 0.7630 > 0.05 showed a positive effect of long-term debts on performance of the companies indicating that the results were mixed as the results revealed positive and negative effects of long-term debt and short-term debt on the firms’’ performances. The study discovered that foods and beverages firms in Nigeria could improve their performances by either increasing their investments in long-term loans or reducing their investments in short-term loans. Key words: Optimizing Loan capital, financial performance, foods and beverages firms.