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Apr 30, 2022Keywords:
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Main Article Content
Determinants of Capital Structure among Poultry and Piggery Enterpreneurs in Abia State, Nigeria
Abstract
This study analysed the determinants of capital structure in poultry and piggery enterprises in Abia State, Nigeria. A multi-stage random sampling technique was used in choosing the sample. Primary data collected from 83 livestock enterprises comprising of 50 poultry enterprises and 33 piggery enterprises were used for the study. Data collected were analyzed using Maximum Likelihood Stochastic (MLS) regression model. Findings showed that expected total expenditure requirement of the business, profitability of the enterprise, size of the enterprise, growth of enterprise, business environment, liquidity, the total assets' turnover, owner's collateral and age of the enterprise significantly determined the capital structure of the poultry enterprise in Abia State whereas, expected total expenditure requirement of the business, profitability of the enterprise, size of the enterprise, growth of enterprise, liquidity, total assets' turnover and age of the enterprise significantly determined the capital structure of the piggery enterprise in Abia State. The study recommends that efforts should be made by both government and other investors in agriculture to first consider the various factors identified by this study that influenced the capital structure of poultry and piggery enterprises in Abia State to make a profitable investment that will provide employment opportunity to the masses, make chicken and pork meat supplies more available as well as generate more funds to run the affairs of the State.
