Abstract:

This paper attempt to examine the determinants of capital structure by analysing data extracted selected quoted firms’ financial statements for the period under study (2012-2016) in Nigerian Manufacturing Sector. Listed firms in Nigeria were mandated to adopt International Financial Reporting Standard (hereafter referred to as IFRS) since the year 2012. It is not fully known after adoption of IFRS, how factors contributing to choice of funding manufacturing firms operation determine the firms’ capital structure. This is a gap which this research study intended to address. This study use multiple regression analysis to find out the relationship that exists between capital structure and determinants of capital structure such as return on asset, tangibility, growth, liquidity and the size of selected listed firms. The finding of this study would help to show whether the relationship between capital structure and its determinants is the same or not before and after the adoption of IFRS