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dc.contributor.authorKarani, Silingl Linda
dc.date.accessioned2019-05-09T08:58:05Z
dc.date.available2019-05-09T08:58:05Z
dc.date.issued2018
dc.identifier.urihttp://hdl.handle.net/11071/6503
dc.descriptionA Research project Submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractThe static trade-off and pecking order models are tested on a sample data of 19 Kenyan firms listed on the Nairobi stock exchange for the period 2006-2016. Empirical results prove that both models can explain some part of the capital structure. The static trade-off model shows that firm leverage is affected by several determinants, and the pecking order model displays similar movements between the change of long-term debt and financial deficit. However, both models have short comings. The static trade-off model fails to explain the differences across sectors and the pecking order model fails to explain the low deficit coefficient.en_US
dc.language.isoen_USen_US
dc.publisherStrathmore Universityen_US
dc.subjectCapital structuresen_US
dc.subjectpecking order theoryen_US
dc.subjectstate trade-off theoryen_US
dc.titleTesting the trade-off theory and the pecking order theory of capital structure in Kenya's listed firmsen_US
dc.typeThesisen_US


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