Determinants Of Capital Structure Of Microfinance Banks In Kenya

Most capital structure studies to date are based on data from developed countries’ firms and very few studies provide evidence from developing countries. Capital structure of Microfinance banks in Kenya has not been investigated; there is no clear understanding on how microfinance banks construct their capital structure and what internal (firm-specific) factors influence their corporate financing decision. This study attempted to fill this gap by analyzing the capital structure for microfinance banks in Kenya. Guiding study objectives were; to determine influence of Profitability, Tangibility,…