FINANCING DECISIONS OF SHAREHOLDERS ASSETS VALUE OF LISTED CONSUMER FIRMS ON BUSINESS DEVELOPMENT IN NIGERIA

Abstract

Decisions were taken to achieve set objectives for the purpose of development of either business, economy or both. In the business world, financing decisions were of paramount to the business owners. Corporate or limited organizations that issued out shares and these owners of these shares took decision for clear purposes. Some of these organizations which were dynamic in nature were consumer listed firms. The decisions taken based on the shareholders assets value for these consumer firms affected business development in Nigeria. This paper was motivated to find the effect of financing decisions of shareholders assets value particularly; of listed consumer firms on business development in Nigeria. This research adopted the descriptive survey design approach. The population of 2,345,779 was used. However, Yamane formula was adopted to arrive at a sample size of 400. The simple random sampling method was used for the selection of shareholders with a distribution of 495 questionnaires as self-administered. However, 435 responded and retrieved from shareholders, considered their assets valued. The research source of data was primary source. The five-point Likert-scale nature of questionnaire was applied and validated by six very senior lecturers in related field. The method of data analysis was by linear regression employed to test the hypothesis to see the effect of financing decisions of shareholders assets value of listed consumer firms on business development in Nigeria. Finding revealed that financing decisions of shareholders assets value of listed consumer firms had significant positive effect on business development in Nigeria. In conclusion, the very importance of financing decisions particularly, on shareholders assets value of listed consumer firms said the obvious of the transaction dynamics that it took. Recommended was that shareholders should as matter of significance attach greater importance on their financing decisions as it regards to asset value which would help business development. In addition, an acronym: Financing Decisions Shareholders Assets Value Business Development (FIDSAVBUD) Annual Conference could be organized.