Corporate Taxation and Capital Structure
By:Diana Nyachieo
Published on 2013 by LAP Lambert Academic Publishing
Proper balance of debt and equity securities in a firm's capital structure is a vital decision of any firm's management.
Over reliance of either source of finance negatively affects value of the firm.
Listed Firms in Kenya show preference for debt to equity securities when raising external finance.
Consequently on average listed firms in Kenya are highly geared as shown by the average leverage ratio of 1.288409.
Over-reliance of debt securities may expose firms to the risk of financial distress whose materialization results to insolvency.
Taxes both direct and implicit are known to affect the leverage decisions of firms.
This book sheds light on the effect of corporate taxation on the capital structure of firms.
Moreover, the speed of adjustment of listed firms towards a target leverage ratio is ascertained.
Analysis in this book is critical to domestic and foreign investors, The Capital Market Authority (CMA) of Kenya, The Government of Kenya and other such stakeholders such as investment analysts
This Book was ranked at 201 by Google Books for keyword Corporate Taxes.
Book ID of Corporate Taxation and Capital Structure's Books is 8XLLnAEACAAJ, Book which was written by "Diana Nyachieo" have ETAG "nctQKK/SNSk"
Book which was published by LAP Lambert Academic Publishing since 2013 have ISBNs, ISBN 13 Code is 9783659394959 and ISBN 10 Code is 3659394955
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