effect of asset structure on corporate financing decision among commercial and services firms listed at the nairobi securities exchange, kenya

Description

The interplay between asset structure and corporate financing decision among Kenyan listed commercial and services firms was explored in this inquiry. The embraced design was descriptively survey and 13 firms were targeted. The time horizon was 2017-2021 and information was gathered from auxiliary sources. The study established that asset structure, firm size, profitability and firm age were all significant predictors of corporate financing decisions. It was concluded that asset structure is a significant predictor of corporate financing decisions under control of firm size, age and profitability. It was recommended that FMs should trade off the benefits of debts against the costs and establish an appropriate mix of the same with equities in their capital structures.