NDLI: Influence of Corporate Control on Capital Structure for Companies Listed at the Nairobi Securities Exchange

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Influence of Corporate Control on Capital Structure for Companies Listed at the Nairobi Securities Exchange

Content Provider	Semantic Scholar
Author	Onguka, David Kaijage, Eramus S. Iraya, Cyrus Kisaka, Sifunjo E.
Copyright Year	2019
Abstract	This study aimed at determining the impact of corporate control on capital structure of Nairobi Securities listed firms. Capital structure decision contribute significantly to creating and growing firm’s value and wealth maximization for shareholders while corporate control is believed to be key influencer of the quality of such decision. The paper tested the hypothesis that there is no significant influence of corporate control on capital structure. Trade-off theory is the anchoring theory. Regression analysis and correlation analysis were applied to test the hypotheses. The key study variables of the listed companies were subjected to descriptive statistics and the results revealed a significant positive linkage between the variables. The findings were in line with previous research findings and also provided further insight on the impact of self-determining variable, corporate control on the capital structure. The study has also applied important mechanism in CCI to study the influence of corporate control on capital structure which has provided new insight on the relationship thereby enriching the result.
Starting Page	68
Ending Page	80
Page Count	13
File Format	PDF HTM / HTML
DOI	10.5539/ijef.v11n2p68
Volume Number	11
Alternate Webpage(s)	http://www.ccsenet.org/journal/index.php/ijef/article/download/0/0/38145/38642
Alternate Webpage(s)	https://doi.org/10.5539/ijef.v11n2p68
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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