Debt financing structure within the State-owned corporations in Kenya
Nyamita, Micah Odhiambo
Garbharran, Hari Lall
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Copyright: 2015. Virtus Press. Due to copyright restrictions, only the abstract is available. For access to the full text item, please consult the publisher's website. The definitive version of the work is published in Journal of Governance and Regulatoin. Vol. 5, Issue 2. pp 22-30.
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.
Nyamita, M. O.; Dorasamy, N. and Garbharran, H. L. 2015. Debt financing structure within the State-owned corporations in Kenya. Journal of Governance and Regulation, 5(3): 22-30.