Abstract: The study evaluates the determinants of capital structures of deposit money banks in Nigeria from 2011 to 2020. The study used 10 DMBs in Nigeria as sample of the study. The data employed were extracted from the sampled banks annual reports and accounts. Panel data regression was used to analysed the data. The study revealed that firm size has positive impact leverage of the sampled DMBs. Similarly, the study found that profitability has positive effect on leverage of DMBs. The study recommended that the management should DMBs in Nigeria should increase size of the banks by acquiring more assets because the study revealed a positive relationship between bank size and leverage. The implication of finding is that as size of firms increase leverage will as well increase. For bank to have access to debt and more deposit management need to expand the size of the bank. Management should as well improve on the growth of the banks by investing more on assets and other investment because leverage providers consider banks growth before providing debts. The marketing units of banks should put more efforts in order to increase the profitability of banks by gaining more customers that will deposit more money in their accounts. They should also provide means of given more gift to customers that have high deposits and leave certain high amount of money in their bank accounts.
Keywords: DMBs., capital structures, deposit money banks.
Title: THE DETERMINANTS OF CAPITAL STRUCTURE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
Author: Anthony Kolade Adesugba, Olalere Victor Dotun
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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