The Moderating Influence Of Corporate Governance

This book focuses on the intervening role of corporate governance on the relation between capital structure and firm value of companies quoted in the Nairobi Stock Exchange. Local stream of studies of the influence of corporate governance on the relation between Capital Structure and firm value have adopted duality approach in examining the relations among the three study constructs: the relation between firm value and capital structure, the relation between capital structure and corporate governance and the relation between corporate governance and firm value but ignores the mediating (moderating) role of corporate governance, leading to controversial empirical results on studies carried on the topic. The book assesses how the adoption of corporate governance structures influences the financing decisions of firms and the impact on the firm value. The discussions provide a basis for future research and verification of the validity of this model through application of the analysisto a wide sample of firms. The author provides insights on how to improve previous controversial analysis on the topic. The book is recommended for graduate students and reseachers in Finance field.