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- W2893472619 abstract "Purpose: The purpose of this study was to examine the relationship between capital structure and profitability of firms listed at the Nairobi Securities Exchange. Methodology: The researchers used longitudinal research design, by making use of secondary quantitative data derived from the firms’ annual audited reports and information from Nairobi Securities Exchange handbooks. Findings: It was found that the firm’s profitability (measured by return on capital employed) was significant and positively correlated with internal equity (r=0.601, p<.01). Implications: The researchers concluded that non-financial firms listed in NSE are more reliant on equity financing than debt financing. Value: Kenyan firms should use more internal equity to ascertain profitability as it does not involve costs of acquisition compared with external equity and debt finance." @default.
- W2893472619 created "2018-10-05" @default.
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- W2893472619 date "2018-02-10" @default.
- W2893472619 modified "2023-09-27" @default.
- W2893472619 title "The relationship between capital structure and profitability of firms listed at the Nairobi Securities Exchange" @default.
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