Research
C-Suite Bias, Firm Characteristics, and Capital Structure Decisions of Quoted Industrial Firms in Nigeria
Authors:
Temitope Olamide Fagbemi ,
Robert Gordon University, GB
About Temitope Olamide
Aberdeen Business School
Maryam Ayobami Kolawole,
University of Ilorin, NG
About Maryam Ayobami
Department of Accounting
Ezekiel A. Adigbole,
University of Ilorin, NG
About Ezekiel A.
Department of Accounting
Segun Abogun
University of Ilorin, NG
About Segun
Department of Accounting
Abstract
Most people exaggerate their own skills and accomplishments, which can have disastrous results. The C-suite has a tremendous impact on business choices, as decisions made in the workplace can be skewed by unconscious prejudice, and this bias can have negative consequences. Therefore, this study explores C-suite bias, firm characteristics, and capital structure decisions of quoted industrial goods firms in Nigeria. Data from 2002 to 2020 was used in an ex-post-facto research design while pooled OLS was used for analyses. The study found that C-suite tenure had a favourable influence on capital structure, suggesting that the duration during which C-suite executives govern their firms' affairs has a beneficial effect on the capital structure decisions. Therefore, the study advances that corporations should enable C-suite members to serve for a longer period of time; because the longer they remain at the helm of the company's affairs, the better their capital structure decisions.
How to Cite:
Fagbemi, T.O., Kolawole, M.A., Adigbole, E.A. and Abogun, S., 2022. C-Suite Bias, Firm Characteristics, and Capital Structure Decisions of Quoted Industrial Firms in Nigeria. Colombo Business Journal, 13(2), pp.21–47. DOI: http://doi.org/10.4038/cbj.v13i2.123
Published on
31 Dec 2022.
Peer Reviewed
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