n AfricaGrowth Agenda - Editor's note

Volume 2015, Issue 10
  • ISSN : 1811-5187


The first article by Musina, Ngala and Okaka examines the relative effect of firm, industry and country level on capital structure of listed non-financial firms on the Nairobi Stock Exchange from 2007 ton 2012. From the results of the multivariate regression analysis, the authors conclude that industry level factors account for greater variations in debt ratios. The authors recommend for more investments in non-current assets to act as collateral for debt capital.

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