English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This paper demonstrates the extent to whichchanges in business risk helppredictthe capital structure choices of Nigerialisted companies.The findings support a U-shaped function between earnings volatility and total debt ratio. In normal times when the threat of insolvency is low, firms cut their average rate of borrowing relative to total assetsby between 1 and 4 percent a year. However, they raised it by between 5 and 22 percent during periods of heightened market anxiety. This suggests that policies whichlower the expected bankruptcycosts relativeto company value will discourage an unnecessary use of debt.

Impact of Business Risk on Corporate Capital Structure of Publicly-Listed Nigerian Companies