Publication Information

{'id': 'https://openalex.org/W2972101170', 'doi': 'https://doi.org/10.46281/asfbr.v3i2.370', 'title': 'Leverage and Corporate Financial Distress in Nigeria: A Panel Data Analysis', 'display_name': 'Leverage and Corporate Financial Distress in Nigeria: A Panel Data Analysis', 'publication_year': 2019, 'publication_date': '2019-08-10', 'ids': {'openalex': 'https://openalex.org/W2972101170', 'doi': 'https://doi.org/10.46281/asfbr.v3i2.370', 'mag': '2972101170'}, 'language': 'en', 'primary_location': {'is_oa': True, 'landing_page_url': 'https://doi.org/10.46281/asfbr.v3i2.370', 'pdf_url': 'https://www.cribfb.com/journal/index.php/asfbr/article/download/370/606', 'source': {'id': 'https://openalex.org/S4210232438', 'display_name': 'Asian Finance & Banking Review', 'issn_l': '2576-1161', 'issn': ['2576-1161', '2576-1188'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': None, 'host_organization_name': None, 'host_organization_lineage': [], 'host_organization_lineage_names': [], 'type': 'journal'}, 'license': 'cc-by', 'license_id': 'https://openalex.org/licenses/cc-by', 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': True, 'oa_status': 'hybrid', 'oa_url': 'https://www.cribfb.com/journal/index.php/asfbr/article/download/370/606', 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5056327967', 'display_name': 'Lucky Anyike Lucky', 'orcid': None}, 'institutions': [{'id': 'https://openalex.org/I96576516', 'display_name': 'Rivers State University', 'ror': 'https://ror.org/01kr7aq59', 'country_code': 'NG', 'type': 'education', 'lineage': ['https://openalex.org/I96576516']}], 'countries': ['NG'], 'is_corresponding': False, 'raw_author_name': 'Lucky Anyike Lucky', 'raw_affiliation_strings': ['Department of Banking and Finance, Rivers State University, Port Harcourt, Nigeria'], 'affiliations': [{'raw_affiliation_string': 'Department of Banking and Finance, Rivers State University, Port Harcourt, Nigeria', 'institution_ids': ['https://openalex.org/I96576516']}]}, {'author_position': 'last', 'author': {'id': 'https://openalex.org/A5055036263', 'display_name': 'Agilebu Ogechi Michael', 'orcid': None}, 'institutions': [{'id': 'https://openalex.org/I96576516', 'display_name': 'Rivers State University', 'ror': 'https://ror.org/01kr7aq59', 'country_code': 'NG', 'type': 'education', 'lineage': ['https://openalex.org/I96576516']}], 'countries': ['NG'], 'is_corresponding': False, 'raw_author_name': 'Agilebu Ogechi Michael', 'raw_affiliation_strings': ['Department of Banking and Finance, Rivers State University, Port Harcourt, Nigeria'], 'affiliations': [{'raw_affiliation_string': 'Department of Banking and Finance, Rivers State University, Port Harcourt, Nigeria', 'institution_ids': ['https://openalex.org/I96576516']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 1, 'corresponding_author_ids': [], 'corresponding_institution_ids': [], 'apc_list': None, 'apc_paid': None, 'fwci': 1.678, 'has_fulltext': True, 'fulltext_origin': 'pdf', 'cited_by_count': 9, 'citation_normalized_percentile': {'value': 0.93523, 'is_in_top_1_percent': False, 'is_in_top_10_percent': True}, 'cited_by_percentile_year': {'min': 84, 'max': 85}, 'biblio': {'volume': '3', 'issue': '2', 'first_page': '26', 'last_page': '38'}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T12276', 'display_name': 'Risk Management in Financial Firms', 'score': 0.7829, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, 'topics': [{'id': 'https://openalex.org/T12276', 'display_name': 'Risk Management in Financial Firms', 'score': 0.7829, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T12675', 'display_name': 'Financial Reporting and Valuation Research', 'score': 0.7631, 'subfield': {'id': 'https://openalex.org/subfields/1408', 'display_name': 'Strategy and Management'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}, {'id': 'https://openalex.org/T12544', 'display_name': 'Working Capital and Financial Performance', 'score': 0.7364, 'subfield': {'id': 'https://openalex.org/subfields/1402', 'display_name': 'Accounting'}, 'field': {'id': 'https://openalex.org/fields/14', 'display_name': 'Business, Management and Accounting'}, 'domain': {'id': 'https://openalex.org/domains/2', 'display_name': 'Social Sciences'}}], 'keywords': [{'id': 'https://openalex.org/keywords/debt-to-capital-ratio', 'display_name': 'Debt-to-capital ratio', 'score': 0.64253587}, {'id': 'https://openalex.org/keywords/leverage', 'display_name': 'Leverage (statistics)', 'score': 0.6402265}, {'id': 'https://openalex.org/keywords/debt-ratio', 'display_name': 'Debt ratio', 'score': 0.52707404}, {'id': 'https://openalex.org/keywords/equity', 'display_name': 'Equity', 'score': 0.49450657}, {'id': 'https://openalex.org/keywords/financial-distress', 'display_name': 'Financial Distress', 'score': 0.46084854}, {'id': 'https://openalex.org/keywords/operating-leverage', 'display_name': 'Operating leverage', 'score': 0.41153115}], 'concepts': [{'id': 'https://openalex.org/C74153512', 'wikidata': 'https://www.wikidata.org/wiki/Q167064', 'display_name': 'Debt-to-equity ratio', 'level': 4, 'score': 0.68576634}, {'id': 'https://openalex.org/C73116969', 'wikidata': 'https://www.wikidata.org/wiki/Q16954906', 'display_name': 'Debt-to-capital ratio', 'level': 5, 'score': 0.64253587}, {'id': 'https://openalex.org/C153083717', 'wikidata': 'https://www.wikidata.org/wiki/Q6535263', 'display_name': 'Leverage (statistics)', 'level': 2, 'score': 0.6402265}, {'id': 'https://openalex.org/C120527767', 'wikidata': 'https://www.wikidata.org/wiki/Q3196867', 'display_name': 'Debt', 'level': 2, 'score': 0.6234505}, {'id': 'https://openalex.org/C144133560', 'wikidata': 'https://www.wikidata.org/wiki/Q4830453', 'display_name': 'Business', 'level': 0, 'score': 0.5994849}, {'id': 'https://openalex.org/C149933338', 'wikidata': 'https://www.wikidata.org/wiki/Q950816', 'display_name': 'Capital structure', 'level': 3, 'score': 0.5339023}, {'id': 'https://openalex.org/C10138342', 'wikidata': 'https://www.wikidata.org/wiki/Q43015', 'display_name': 'Finance', 'level': 1, 'score': 0.5306477}, {'id': 'https://openalex.org/C135665773', 'wikidata': 'https://www.wikidata.org/wiki/Q2234049', 'display_name': 'Debt ratio', 'level': 3, 'score': 0.52707404}, {'id': 'https://openalex.org/C199728807', 'wikidata': 'https://www.wikidata.org/wiki/Q2578557', 'display_name': 'Equity (law)', 'level': 2, 'score': 0.49450657}, {'id': 'https://openalex.org/C6422946', 'wikidata': 'https://www.wikidata.org/wiki/Q857354', 'display_name': 'Panel data', 'level': 2, 'score': 0.4614128}, {'id': 'https://openalex.org/C2984760201', 'wikidata': 'https://www.wikidata.org/wiki/Q1785212', 'display_name': 'Financial distress', 'level': 2, 'score': 0.46084854}, {'id': 'https://openalex.org/C73283319', 'wikidata': 'https://www.wikidata.org/wiki/Q1416617', 'display_name': 'Financial system', 'level': 1, 'score': 0.4211712}, {'id': 'https://openalex.org/C84566663', 'wikidata': 'https://www.wikidata.org/wiki/Q2738224', 'display_name': 'Operating leverage', 'level': 3, 'score': 0.41153115}, {'id': 'https://openalex.org/C155530773', 'wikidata': 'https://www.wikidata.org/wiki/Q591174', 'display_name': 'Return on equity', 'level': 3, 'score': 0.35913587}, {'id': 'https://openalex.org/C556758197', 'wikidata': 'https://www.wikidata.org/wiki/Q580018', 'display_name': 'Monetary economics', 'level': 1, 'score': 0.34840935}, {'id': 'https://openalex.org/C124972522', 'wikidata': 'https://www.wikidata.org/wiki/Q1303176', 'display_name': 'Equity ratio', 'level': 4, 'score': 0.34618938}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.308824}, {'id': 'https://openalex.org/C200870193', 'wikidata': 'https://www.wikidata.org/wiki/Q11691', 'display_name': 'Stock exchange', 'level': 2, 'score': 0.12551823}, {'id': 'https://openalex.org/C149782125', 'wikidata': 'https://www.wikidata.org/wiki/Q160039', 'display_name': 'Econometrics', 'level': 1, 'score': 0.07655451}, {'id': 'https://openalex.org/C2908647359', 'wikidata': 'https://www.wikidata.org/wiki/Q2625603', 'display_name': 'Population', 'level': 2, 'score': 0.0}, {'id': 'https://openalex.org/C149923435', 'wikidata': 'https://www.wikidata.org/wiki/Q37732', 'display_name': 'Demography', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C119857082', 'wikidata': 'https://www.wikidata.org/wiki/Q2539', 'display_name': 'Machine learning', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C144024400', 'wikidata': 'https://www.wikidata.org/wiki/Q21201', 'display_name': 'Sociology', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C41008148', 'wikidata': 'https://www.wikidata.org/wiki/Q21198', 'display_name': 'Computer science', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C17744445', 'wikidata': 'https://www.wikidata.org/wiki/Q36442', 'display_name': 'Political science', 'level': 0, 'score': 0.0}, {'id': 'https://openalex.org/C199539241', 'wikidata': 'https://www.wikidata.org/wiki/Q7748', 'display_name': 'Law', 'level': 1, 'score': 0.0}, {'id': 'https://openalex.org/C100363876', 'wikidata': 'https://www.wikidata.org/wiki/Q690661', 'display_name': 'Nonprobability sampling', 'level': 3, 'score': 0.0}, {'id': 'https://openalex.org/C129361004', 'wikidata': 'https://www.wikidata.org/wiki/Q2470236', 'display_name': 'Profitability index', 'level': 2, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': True, 'landing_page_url': 'https://doi.org/10.46281/asfbr.v3i2.370', 'pdf_url': 'https://www.cribfb.com/journal/index.php/asfbr/article/download/370/606', 'source': {'id': 'https://openalex.org/S4210232438', 'display_name': 'Asian Finance & Banking Review', 'issn_l': '2576-1161', 'issn': ['2576-1161', '2576-1188'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': None, 'host_organization_name': None, 'host_organization_lineage': [], 'host_organization_lineage_names': [], 'type': 'journal'}, 'license': 'cc-by', 'license_id': 'https://openalex.org/licenses/cc-by', 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}], 'best_oa_location': {'is_oa': True, 'landing_page_url': 'https://doi.org/10.46281/asfbr.v3i2.370', 'pdf_url': 'https://www.cribfb.com/journal/index.php/asfbr/article/download/370/606', 'source': {'id': 'https://openalex.org/S4210232438', 'display_name': 'Asian Finance & Banking Review', 'issn_l': '2576-1161', 'issn': ['2576-1161', '2576-1188'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': None, 'host_organization_name': None, 'host_organization_lineage': [], 'host_organization_lineage_names': [], 'type': 'journal'}, 'license': 'cc-by', 'license_id': 'https://openalex.org/licenses/cc-by', 'version': 'publishedVersion', 'is_accepted': True, 'is_published': True}, 'sustainable_development_goals': [{'display_name': 'Partnerships for the goals', 'score': 0.46, 'id': 'https://metadata.un.org/sdg/17'}], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 22, 'referenced_works': ['https://openalex.org/W1575933022', 'https://openalex.org/W1584414887', 'https://openalex.org/W182659191', 'https://openalex.org/W1979671915', 'https://openalex.org/W2003649005', 'https://openalex.org/W2020848494', 'https://openalex.org/W2036034638', 'https://openalex.org/W2053559794', 'https://openalex.org/W2063996877', 'https://openalex.org/W2141402741', 'https://openalex.org/W2181423502', 'https://openalex.org/W2606072608', 'https://openalex.org/W2889772033', 'https://openalex.org/W3021090116', 'https://openalex.org/W3121272043', 'https://openalex.org/W3121714546', 'https://openalex.org/W3122848945', 'https://openalex.org/W3125932636', 'https://openalex.org/W4233834317', 'https://openalex.org/W4234309078', 'https://openalex.org/W4248470790', 'https://openalex.org/W764291285'], 'related_works': ['https://openalex.org/W4382238948', 'https://openalex.org/W3189295106', 'https://openalex.org/W3158025663', 'https://openalex.org/W3016702719', 'https://openalex.org/W3012475098', 'https://openalex.org/W2910659572', 'https://openalex.org/W2884805674', 'https://openalex.org/W2507170457', 'https://openalex.org/W2273188877', 'https://openalex.org/W1498806637'], 'abstract_inverted_index': {'This': [0], 'study': [1, 94, 154], 'examined': [2], 'the': [3, 31, 81, 84, 90, 93, 96, 113, 150, 153, 171, 181, 184, 192, 195, 218, 234, 241], 'effect': [4, 26, 88, 98, 107, 125, 145, 160], 'leverage': [5, 23, 104, 157], 'on': [6, 27, 108, 126, 132, 146, 161], 'corporate': [7, 56, 162], 'financial': [8, 22, 28, 40, 57, 103, 109, 127, 163, 189, 236], 'distress': [9, 29, 58, 110, 128], 'of': [10, 30, 42, 80, 83, 170, 183, 191, 200, 227], 'quoted': [11, 44], 'manufacturing': [12, 45, 172], 'firms': [13, 173, 196], 'in': [14, 50], 'Nigeria.': [15], 'The': [16], 'objective': [17], 'is': [18], 'to': [19, 70, 175, 179, 207, 232], 'examine': [20], 'if': [21], 'have': [24, 105, 123, 143, 158], 'any': [25], 'Nigeria': [32], 'firms.': [33, 46], 'Cross': [34], 'sectional': [35], 'data': [36], 'was': [37, 53], 'sourced': [38], 'from': [39], 'statement': [41], 'ten': [43], 'Z-Score': [47], 'and': [48, 67, 89, 119, 139, 188, 194, 209, 217], 'Changes': [49], 'operating': [51, 133, 147], 'profits': [52, 134], 'proxy': [54, 74], 'for': [55, 75], 'while': [59, 115, 135], 'debt': [60, 66, 69, 117, 120, 138, 142, 208], 'equity': [61, 121, 185, 203], 'ratio,': [62], 'short,': [63], 'long': [64, 140], 'term': [65, 137, 141], 'total': [68, 71, 116], 'assets': [72], 'were': [73], 'leverage.': [76], 'After': [77], 'cross': [78], 'examination': [79], 'validity': [82], 'pooled': [85], 'effect,': [86, 92], 'fixed': [87, 97], 'random': [91], 'accepts': [95], 'model.': [99], 'Findings': [100], 'reveal': [101], 'that': [102, 156, 167, 210], 'positive': [106, 124], 'measured': [111, 129], 'by': [112, 130], 'z-score': [114], 'ratio': [118, 122], 'changes': [131], 'short': [136], 'negative': [144], 'profits.': [148], 'From': [149], 'regression': [151], 'summary,': [152], 'concludes': [155], 'significant': [159], 'distress.': [164], 'We': [165], 'recommend': [166], 'Financial': [168], 'structure': [169], 'ought': [174], 'be': [176, 215, 222, 230, 247], 'adequately': [177], 'planned': [178], 'safeguard': [180], 'interest': [182], 'holders,': [186], 'shareholders': [187], 'requirements': [190], 'firm': [193], 'should': [197, 214, 221], 'formulate': [198], 'policies': [199, 213], 'increasing': [201], 'its': [202], 'capital': [204], 'as': [205], 'oppose': [206], 'Implementable': [211], 'investment': [212, 228], 'formulated': [216], 'business': [219], 'environment': [220], 'well': [223], 'examined.': [224], 'Recognizing': [225], 'faults': [226], 'might': [229], 'paramount': [231], 'develop': [233], 'business’s': [235], 'performance,': [237], 'since': [238], 'it': [239], 'specifies': [240], 'loopholes': [242], 'which': [243], 'corrective': [244], 'decision': [245], 'can': [246], 'applied.': [248]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W2972101170', 'counts_by_year': [{'year': 2024, 'cited_by_count': 2}, {'year': 2023, 'cited_by_count': 3}, {'year': 2022, 'cited_by_count': 1}, {'year': 2021, 'cited_by_count': 1}, {'year': 2020, 'cited_by_count': 2}], 'updated_date': '2024-12-21T18:02:33.172347', 'created_date': '2019-09-12'}