Download This PaperInfluence of Firm Financial Characteristics on Leverage of Non-Financial Listed Companies in Nairobi Securities Exchanges
American Based Research Journal, Vol. 8 Issue 05, May 2019
11 Pages Posted: 21 May 2020
Date Written: May 1, 2019
Abstract
Listed and non-listed institutions are always in need of finances geared towards enhancing their firm performance which has a pivotal role in the relationship they will enjoy internally and externally. The ability of an organization to invest borrowed capital on projects with a higher return on investment has a significant impact on shareholders wealth maximization. Panel regression modelling revealed the positive influence of firm size and profitability and inverse influence of tangibility and growth opportunities on the leverage of listed non-financial companies in Nairobi securities exchanges.
Keywords: Financial characteristics, Firm size, Profitability, Tangibility, Growth opportunities
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