Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/4338
Title: Taxes and corporate borrowing: Empirical evidence from selected african countries.
Authors: Abor, J.,
Bokpin, G. A.,
Fiawoyife, E.
Keywords: Africa, corporate borrowing, taxes
Issue Date: 2011
Citation: Taxes and corporate borrowing: Empirical evidence from selected african countries. Journal of African Business, 12(2), 287-303.
Abstract: In this study the authors examine the effect of taxes on corporate borrowing in selected African countries. With use of a panel regression model, their results suggest that taxation is not important in explaining corporate borrowing decisions. However, they found significant relationships between the other firm-level characteristics and debt-equity ratio. Firm age, for instance, shows a negative effect on debt-equity ratio in Ghana and Kenya but registers a positive effect on debt-equity ratio in South Africa. Firm size signals a positive effect on debt-equity ratio in Kenya and South Africa. Also, debt-equity ratio is negatively affected by profitability in Kenya and growth potential in Nigeria.
URI: http://hdl.handle.net/123456789/4338
Appears in Collections:Department of Banking and Finance

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