Diana Nyachieo

Corporate Taxation and Capital Structure

Effects of corporate Taxation on Capital Structure of Listed firms in Kenya

• Broschiertes Buch

Produktbeschreibung

Proper balance of debt and equity securities in a firm's capital structure is a vital decision of any firm's management. Over reliance of either source of finance negatively affects value of the firm. Listed Firms in Kenya show preference for debt to equity securities when raising external finance. Consequently on average listed firms in Kenya are highly geared as shown by the average leverage ratio of 1.288409. Over-reliance of debt securities may expose firms to the risk of financial distress whose materialization results to insolvency. Taxes both direct and implicit are known to affect the leverage decisions of firms. This book sheds light on the effect of corporate taxation on the capital structure of firms. Moreover, the speed of adjustment of listed firms towards a target leverage ratio is ascertained. Analysis in this book is critical to domestic and foreign investors, The Capital Market Authority (CMA) of Kenya, The Government of Kenya and other such stakeholders such as investment analysts

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 56
• Erscheinungstermin: 22. Mai 2013
• Englisch
• Abmessung: 220mm x 150mm x 4mm
• Gewicht: 102g
• ISBN-13: 9783659394959
• ISBN-10: 3659394955
• Artikelnr.: 38463745

Autorenporträt

Diana N Nyachieo BA(Economics & Mathematics), CPA, MA(Economics): Studied masters in Economics at the University of Nairobi. Holder of the Kenyan Certified Public Accountant(CPA)qualification from Strathmore university. Currently working as a Research Analyst at the Kenya Institute for Public Policy Research and Analysis (KIPPRA)and lectures at TUK