Show simple item record

dc.contributor.authorKoech, Brian Kipkirui
dc.date.accessioned2016-03-22T06:54:08Z
dc.date.available2016-03-22T06:54:08Z
dc.date.issued2015-11
dc.identifier.urihttp://hdl.handle.net/11071/4346
dc.descriptionSubmitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractThis paper studies the impact of leverage on a firm's investment. The impact is measured for both high and low growth firms. The evidence is provided by use of the listed companies in the Construction & Allied and Commercial & Services segments of the Nairobi Securities Exchange (NSE). The approach involves structural estimation and in particular the Simulated Method of Moments (SMM). It furthers the prior research that has been done. However, the results are not consistent with what was concluded. In this case the effect of leverage on investment is positive.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectSimulated method of momentsen_US
dc.subjectStructural estimationen_US
dc.subjectLeverage and investmenten_US
dc.titleThe impact of financial leverage on a firm's investment decisionsen_US
dc.typeOtheren_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record