DEBT FINANCING STRUCTURE WITHIN THE STATE-OWNED CORPORATIONS IN KENYA

Risk Governance & Control: Financial Markets & Institutions

关键词: Debt Financing;    Debt Financing Theories;    Public Debt;    Private Debt;    Capital Markets;   

DOI  :  10.22495/rgcv5i2art3

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

The current public sector financial management reforms agenda within the state-owned corporations in Kenya aimed at integrating and aligning their performance to vision 2030, has not yet achieved the traction required. This study, therefore, examined the different types of debt financing strategies applied by the various state-owned corporations in Kenya, in comparison to those applied by state-owned corporations from developed and developing economies. The study specifically revealed that private debt financing, through bank loans and payables is commonly used amongst Kenyan state-owned corporations. While, most state-owned corporations from developed and developing economies, such as in America, Europe, Asia and South Africa, use public debt financing, through financial securities, traded in both domestic and international capital markets.

【 授权许可】

CC BY-NC