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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 ...
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 ...