Effect Of Firm-Specific Attributes On Finance Lease Use In Listed Non-Financial Firms In Nigeria

📄 Project Abstract

Leasing as a means of financing investments in tangible assets has made a significant contribution to capital formation in the Nigerian economy but the industry as a whole, seeks growth in conformity with the levels obtainable in developed economies. In spite of theoretical expositions on capital structure extensively acknowledging the nature and use of finance leasing in corporate entities, in Nigeria, financing is largely biased towards Micro, Small and Medium scale Enterprises (MSMEs) giving cause for inference that leasing may not be predominant in the corporate sector inclusive of listed non-financial firms having access to institutions in the capital and money markets. The study sought to examine in those entities found to be leasing, what firm attributes influence their use given the limited number of empirical studies in Nigeria and the inconsistencies in findings of foreign researches. A sample of 14 listed non-financial firms on the Nigerian Stock Exchange over the period 200...