Browsing by Author "Adenugba Adesoji Adetunji"

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    Financial Leverage and Firms’ Value: A Study of Selected Firms in Nigeria
    (European Journal of Research and Reflection in Management Sciences, 2016) Kesinro Olalekan Rasheed; Adenugba Adesoji Adetunji; Ige Abayomi Akinyemi
    The main objective of this study is to determine the relationship between financial leverage and firms’ value, as well as evaluate the effect of financial leverage on firms’ value. A sample of 5 firms listed on Nigerian Stock Exchange (NSE) for a period of 6 years from2007-2012 was used. Data were sourced from annual reports of selected firms. The Ordinary Least Square (OLS) statistical technique was used for data analysis and hypothesis testing. The study revealed that there is significant relationship between financial leverage and firms’ value and that financial leverage has significant effect on firms’ value. The study concludes that financial leverage is a better source of finance than equity to firms when there is need to finance long-term projects. However, various economic factors may have despicable effects on the profitability of Nigerian firms, as such the use of debt financing in such firms may yield negative impact such as bankruptcy as well as low firm value. The study therefore recommends that financial leverage be optimized by firms to aid maximization of firms’ value.
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    Housing Finance and Mortgage Service Delivery in Lagos State Nigeria
    (World Wide Journal of Multidisciplinary Research and Development, 2018) Kesinro Olalekan Rasheed; Oguntuase Ruth Olayemi; Adenugba Adesoji Adetunji
    The paper examines housing finance and mortgage service delivery in Lagos State, Nigeria. The descriptive survey research design was adopted while the simple random sampling technique was used to draw a sample of 180 respondents that are senior management staff from the mortgage banks in the state. Questionnaire was the main instrument for data collection, measured on a 5-point Likert Scale. Data collected were analyzed using the descriptive statistical techniques of Percentiles and Pearson Correlation with the aid of Statistical Package for Social Sciences (SPSS) software for editing and encoding. The result shows that there is a strong positive relationship between joint effect of housing finance, housing cost and government housing policy and mortgage service delivery (R = 0.845, p < 0.05). The study recommends that Mortgage Finance Institutions/Managers should recognize that the synergy among all the stakeholders to enhance adequate provision of housing infrastructures across the state and the entire country at large.