Corporate Financing and Efficiency of Indigenous Energy Firms in Nigeria: A Literature Review

Authors

  • Anthonia Taye Odeleye

Abstract

This paper reviews the theoretical as well as the empirics of corporate financing as it relates to the efficiency of indigenous energy firms in Nigeria. It begins with an appraisal of the sources of corporate finance and their impacts on firms operations. The study delves into the evolution of oil in Nigeria when foreigners were the sole players due to expertise and technological relevancy. The indigenisation policy of the 1970s expanded Nigerian government’s involvement in the oil sector; in 1990, following a policy statement of the then military government, oil concessions were granted to Nigerian oil companies whose ownership was truly Nigerian and whose managing directors were Nigerian citizens. Further, key analytical issues towards efficiency of the local energy firms were considered. Keywords: Corporate financing; Efficiency; Indigenous; Trade-off theory; Pecking order theory JEL Classifications: H21; Q32; Q38

Downloads

Download data is not yet available.

Author Biography

Anthonia Taye Odeleye

 Department of Economics, Caleb University,Lecturer II

Downloads

Published

2013-11-16

How to Cite

Odeleye, A. T. (2013). Corporate Financing and Efficiency of Indigenous Energy Firms in Nigeria: A Literature Review. International Journal of Energy Economics and Policy, 4(1), 53–64. Retrieved from https://econjournals.com.tr/index.php/ijeep/article/view/643

Issue

Vol. 4 No. 1 (2014)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.