The impact of on the capital structure of listed firms in Kenya

dc.contributor.authorOmondi, Veronica Sandra
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 Nairobi Securities Exchange is considered one of the most developed stock markets in Sub-Saharan Africa. This development is attributed to the significant reforms that were made between the years of 1990 and 1999. The reforms include shifting from being self-regulated to having a regulatory body (Capital Markets Authority), elimination of "call-over" trading and "open outcry" trading through introduction of a Central Depository and Settlement System, tax concessions, relaxation of exchange controls and reduction of listing costs. The above reforms resulted in a development of the Nairobi Securities Exchange evidenced by the increase of the value of shares traded, market capitalization ratio and turnover ratio (Nyasha & Odhiambo, 2014).en_US
dc.publisherStrathmore Universityen_US
dc.subjectStock market developmenten_US
dc.subjectCapital structureen_US
dc.subjectMarket capitalizationen_US
dc.titleThe impact of on the capital structure of listed firms in Kenyaen_US