| dc.description.abstract | This study analyzes the allocation of cash flow rights and control rights in titanium mining project between the government of Kenya and Tiomin Kenya Limited. The study also examines the relationship between cash flow rights and control rights allocation. Empirical studies reviewed shows that division of cash flow rights and control rights are often contingent on certain measure of the projects performance. If the indicator of the company performance is low, the investor obtains control. If performance improves, the entrepreneur obtains more control. In this study, performance, capital contribution and risk are identified as the main factor determining the allocation of cash flow rights. Equity holding and capital contribution have been identified as the factors that determine allocation of control rights. The study reveals that cash flow rights and control rights have been allocated separately. | en |
