Equity Financing and Firm Value in Nigeria

This study investigates the influence of equity financing on firm value in Nigeria using panel analysis technique for 12 listed industrial goods enterprises from 2006 to 2016. The estimate reveals that equity finance reduce the capacity of firm value in Nigeria. It is also discovered that the firm size and growth have negative influence on the value of frim. Hence, the study suggests that managers should design appropriate management skills to come up with the efficient capital mix in financing firm business. This could be through taking into consideration of various theoretical application and the weakened nature of the economy in the best combination of capital for viable business operation.