Determinants of capital structure of Companies listed Nairobi stock exchange (Nse)
Abstract
This paper studies the determinants of capital structure of companies listed at Nairobi
stock exchange (NSE). The main objective is to investigate the relationship between
capital structures and hypothesized influential variables such as asset tangibility, growth,
size, business risk (earning volatility) profitability and non-debt tax shield.
Using multiple regressions as the tool of analysis, the result predict that these variables
influence leverage at a varying degree with profitability and non-debt tax shield being the
most significant variables in determining leverage.
Sponsorhip
The University of NairobiPublisher
School of Business