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An empirical investigation of capital structure determinants for small and medium-sized enterprises in Kenya
(2005-06)
The precarious employment situation in Kenya has given rise to public policies that aim at giving
small and medium-sized enterprises (SMEs) better access to finance. SMEs may face difficulties in
raising this much-needed ...
Testing for variations in the capital structure of companies quoted at the Nairobi Stock Exchange:An empirical study
(2000-06)
In 1958, when Modigliani and Miller came up with the irrelevancy theory of capital
structure a number of controversies sprang up, most of which sought to establish the
relationship between capital structure and the value ...
The relationship between capital structure and agency costs of firms listed at the Nairobi Securities Exchange
(University of Nairobi, 2014)
Under agency theory, organizations incur agency costs as a means to reduce agency
conflicts between shareholders (principal) and the managers (agents). The divergent views
by different researchers especially from outside ...
A study of the influence of the Corporate tax rate on the capital structure of quoted companies at the NSE
(University of Nairobi, 2007)
The corporate tax rate has been decreasing from the rate of 42.5% in the year 1990 to 30% in the year 2003. These changes would have an implication on the capital structure of companies since the Kenyan tax System is based ...
Capital Structure Choice
(2005)
If it is difficult for a firm to measure impact on the value of the firm under different levels of
leverage, it should not be surprising that managers are not very concerned about maintaining
an exact capital structure.
The ...
Tax and Capital Structure: the Case of Listed Companies in Kenya.
(2003-09)
This paper looks at the impact of tax on the capital structure of companies listed on the
Nairobi Stock Exchange (NSE). The study adopts the static trade-off theory (STO) of capital
structure given that this theory ...
Determinants of Capital Structure of Manufacturing Firms Listed at the Nairobi Securities Exchange
(2015-10)
This study analyzed the determinants of capital structure in manufacturing sector in
Kenya: a case study of listed firms at Nairobi Securities Exchange. The study analyzed
the listed manufacturing firms for the period ...
The relationship between capital structure and profitability of listed non financial firms in Kenya
(University of Nairobi, 2014)
Capital structure decision is the vital one since the profitability of an enterprise is directly
affected by such decision. The determination of a company’s capital structure constitutes
a difficult decision, one that ...
Relationship Between Capital Structure and Financial Performance of Firms Listed at the Nairobi Stock Exchange
(University of Nairobi,, 2010-10)
The capital structure of a firm is basically the mix of debt and equity which a firm deems
as appropriate to enhance its operations in the midst of several constraints it poses.
Berger and Bonaccorsi di Patti (2006) have ...