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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 ...
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 ...