This study examines the impact of agency costs on capital structure of Nigeria listed companies for the period of 2000-2006. Using a dynamic panel model, the study demonstrates the extent to which asset utilization helps explain the financing structure of Nigerian firms. The main finding shows...

In economic sense, some events may be subject to spill-over from economy-wide or world-wide shocks. For instance a country’s fiscal policy, such as government spending, taxation, and borrowings, influence both the pattern of economic activity and also the level and growth of aggregate...