dc.contributor.author |
Kyereboah-Coleman, A. |
|
dc.contributor.author |
Biekpe, N. |
|
dc.date.accessioned |
2019-03-27T09:50:54Z |
|
dc.date.available |
2019-03-27T09:50:54Z |
|
dc.date.issued |
2006-12 |
|
dc.identifier.other |
https://doi.org/10.1111/j.1813-6982.2006.00097.x |
|
dc.identifier.other |
Volume 74, Issue 4, Pages 670-681 |
|
dc.identifier.uri |
http://ugspace.ug.edu.gh/handle/123456789/28911 |
|
dc.description.abstract |
We examine how corporate governance indicators such as board size, board composition and CEO duality impact on financing decisions of firms. Panel data covering the five year period 1999-2003 from forty-seven (47) listed firms on the Nairobi Stock Exchange (NSE) was used. Analysis was done within the Random-effects GLS regression framework. Findings of the study indicate that firms with larger board sizes employ more debt irrespective of the maturity period and also the independence of a board negatively and significantly correlates with short-term debts. Again, when a CEO doubles as board chairperson, less debt is employed. Thus, the study reaffirms the notion that the governance structure of a firm affects its financing choices. © 2006 The Authors. Journal compilation © 2006 Economic Society of South Africa. |
en_US |
dc.language.iso |
en |
en_US |
dc.publisher |
South African Journal of Economics |
en_US |
dc.subject |
Africa |
en_US |
dc.subject |
Corporate Governance |
en_US |
dc.subject |
Financing Decisions |
en_US |
dc.subject |
Firms |
en_US |
dc.title |
Corporate governance and financing choices of firms: A panel data analysis |
en_US |
dc.type |
Article |
en_US |