DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE

Volume: 4 Number: 3 September 29, 2015
  • Catherine Wahito Kahuria
  • Gabriel Waweru
Journal of Business Economics and Finance Cover
Journal of Business Economics and Finance
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DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE

Abstract

Capital structure of firms is an important aspect in finance which seeks to determine the optimal capital structure that a firm should maintain. Various theories have been put across to address this issue. This paper examines the relationship between capital structure and profitability of firms listed at the Nairobi Securities Exchange (NSE). The study employed a descriptive research design. A census study of 49 firms listed at the NSE that were operational from 2009 and 2013 was undertaken. These companies comprised of all the segments at NSE. Secondary data was collected for a period of five years from financial statements of the firms and the NSE handbook. The findings of the study indicated that capital structure had a significant negative influence on the profitability of firms listed at the NSE.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Catherine Wahito Kahuria This is me

Gabriel Waweru This is me

Publication Date

September 29, 2015

Submission Date

November 8, 2015

Acceptance Date

-

Published in Issue

Year 2015 Volume: 4 Number: 3

IZ

https://izlik.org/JA93KH55XW

Cite

RIS / Bibtex
APA
Kahuria, C. W., & Waweru, G. (2015). DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE. Journal of Business Economics and Finance, 4(3). https://izlik.org/JA93KH55XW
AMA
1.Kahuria CW, Waweru G. DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE. JBEF. 2015;4(3). https://izlik.org/JA93KH55XW
Chicago
Kahuria, Catherine Wahito, and Gabriel Waweru. 2015. “DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE”. Journal of Business Economics and Finance 4 (3). https://izlik.org/JA93KH55XW.
EndNote
Kahuria CW, Waweru G (November 1, 2015) DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE. Journal of Business Economics and Finance 4 3
IEEE
[1]C. W. Kahuria and G. Waweru, “DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE”, JBEF, vol. 4, no. 3, Nov. 2015, [Online]. Available: https://izlik.org/JA93KH55XW
ISNAD
Kahuria, Catherine Wahito - Waweru, Gabriel. “DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE”. Journal of Business Economics and Finance 4/3 (November 1, 2015). https://izlik.org/JA93KH55XW.
JAMA
1.Kahuria CW, Waweru G. DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE. JBEF. 2015;4. Available at https://izlik.org/JA93KH55XW.
MLA
Kahuria, Catherine Wahito, and Gabriel Waweru. “DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE”. Journal of Business Economics and Finance, vol. 4, no. 3, Nov. 2015, https://izlik.org/JA93KH55XW.
Vancouver
1.Catherine Wahito Kahuria, Gabriel Waweru. DOES CAPITAL STRUCTURE MATTER? EFFECTS ON PROFITABILITY OF FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE. JBEF [Internet]. 2015 Nov. 1;4(3). Available from: https://izlik.org/JA93KH55XW

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