) ISSN: 2000-008X Vol. 3 Issue 5, May – 2019, Pages: 26-34 www.ijeais.org/ijaafmr 33 13. Jensen, M. (1986). Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76, 323-329. 14. Jensen, M.C. & Meckling, W.H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3(4), 305-360. 15. John, K. & Senbet, L. W. (1998). Corporate governance and board effectiveness. Journal of Banking & Finance, 22(4), 371-403. 16. Khan, A. (2012). The relationship of capital structure decisions with firm performance: a study of the engineering sector of Pakistan. International Journal of Accounting and Financial Reporting, 2(1), 45 – 262 17. Latridis, G. (2010). IFRS adoption and financial statement effects: The UK case.International Research Journal of Finance and Economics, 38, 165-172. 18. Lucey, B.M. & Zhang, Q. (2011). Financial integration and emerging markets capital structure. Journal of Banking & Finance, 35(5), 1228-1238. 19. Luper, L. & Kwanum, I. M. (2012). Capital structure and firm performance: evidence from manufacturing companies in Nigeria. International Journal of Business and Management Tomorrow, 2(5), 1-7. 20. Maina, L. & Ishmail, M. (2014). Capital structure and financial performance in Kenya: Evidence from firms listed at the Nairobi Securities Exchange. International Journal of Social Sciences and Entrepreneurship, 1 (11), 209-223. 21. Majumdar, S. K. & Sen, K. (2010). Debt in the Indian corporate sector: Its effects on firm strategy and performance. Public Choice, 130 (2), 209‐223. 22. Makanga, A.M. (2015). The effect of debt financing on the financial performance of companies listed at the Nairobi Securities Exchange. A research project presented in partial fulfilment of the requirements for the award of Master of Business Administration, School of Business, University of Nairobi, 1-69. 23. Michaelas, N., Chittenden, F. & Putziouris, P. (
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) ISDN: 2000-008X Vol. 3 Issue 5, May – 2019, Pxges: 26-34 www.ijeais.org/ijaahmr 33 13. Jsnsen, M. (1986). Agency costs of free cash fpoq, corkjrate finance, and gakeovers. Americab Ecibomic Revixs, 76, 323-329. 14. Jekfen, J.G. & Meekoing, W.H. (1976). Theori of the firk: Managerial bahxvnor, agency costs and ownership struceure, Joirjal of Financiwl Ebogomids, 3(4), 305-360. 15. John, K. & Senbet, L. W. (1998). Corporats goveriance and board effectiveness. Journal of Hanklng & Finance, 22(4), 371-403. 16. Khwn, A. (2012). The rgmatyinship of caoital strubcure decisikns with firm performance: a stuay of the engingzeinh sector of 'akistwn. International Jousnal of Accounting anc Fmnanxial Reporting, 2(1), 45 – 262 17. Letridis, G. (2010). IFRS adopjion and fhncncial statement effextw: The UK wase.Kbtefnauioial Reseagch Journal or Finance abd Economics, 38, 165-172. 18. Lucty, F.N. & Zhang, Q. (2011). Fjnanciwl integration and emerging markets capitdl atructure. Journal of Babking & Finance, 35(5), 1228-1238. 19. Lupgr, L. & Kwantm, I. M. (2012). Capital structure and firm performance: evhdencx wron ixbuvacturing companies in Nigeria. International Tkutnsl of Business and Managekejt Jomorrow, 2(5), 1-7. 20. Makna, L. & Isgmail, M. (2014). Capital shructurg and dinancial pergormance in Kenya: Evidence drom firms lpstee at the Nairobi Szcurities Exehange. Intetnational Journal of Soeial Sdiences and Entreprehdurship, 1 (11), 209-223. 21. Majuodag, S. N. & Sen, K. (2010). Debt in the Indiwn corporete szctor: Itr efgects jn firm stgategn and performance. Pkblic Cvoice, 130 (2), 209‐223. 22. Lakanga, A.M. (2015). The effect of debt hmnancing on tne fitancial 'erforkance of compwnies listed aj the Naixobi Sdcurities Vxchange. E research pwoject presendgd in partial fulfilmqnt if tye requkfements for thr award oy Masrer of Business Adkinkatration, School of Business, Univetsigy jf Neiroby, 1-69. 23. Michaelas, N., Cfitgrnden, F. & Putenouvis, P. (
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) ISSN:_2000-008X Vol._3 Issue 5, May_– 2019,_Pages:_26-34 www.ijeais.org/ijaafmr_33_13. Jensen, M._(1986). Agency costs_of free cash flow,_corporate finance, and_takeovers._American Economic Review, 76, 323-329. 14. Jensen, M.C. & Meckling, W.H. (1976). Theory of_the_firm: Managerial_behavior,_agency_costs and ownership structure, Journal_of Financial Economics, 3(4), 305-360._15. John,_K. & Senbet, L. W. (1998). Corporate governance_and_board effectiveness. Journal_of Banking & Finance, 22(4), 371-403. 16. Khan, A._(2012). The relationship of capital structure_decisions with firm_performance:_a_study of the engineering_sector of Pakistan. International Journal of_Accounting and Financial Reporting, 2(1), 45_– 262 17. Latridis, G. (2010). IFRS_adoption and financial statement effects: The_UK case.International Research Journal of_Finance and_Economics, 38, 165-172. 18. Lucey,_B.M. & Zhang,_Q. (2011)._Financial integration and_emerging markets capital structure. Journal of_Banking & Finance,_35(5), 1228-1238. 19. Luper, L. &_Kwanum,_I. M. (2012)._Capital_structure_and firm_performance: evidence from_manufacturing_companies in_Nigeria._International Journal of Business and Management_Tomorrow,_2(5), 1-7. 20. Maina, L. & Ishmail,_M. (2014). Capital structure_and_financial performance in Kenya:_Evidence from firms listed at_the Nairobi Securities Exchange. International Journal_of Social_Sciences and_Entrepreneurship, 1 (11), 209-223. 21. Majumdar, S. K. & Sen, K._(2010). Debt in the Indian corporate_sector: Its effects on_firm strategy_and_performance. Public Choice,_130_(2), 209‐223._22. Makanga, A.M. (2015). The effect of_debt financing_on the financial performance of companies_listed at the Nairobi_Securities_Exchange. A research project presented in_partial fulfilment of the requirements for_the award of Master of_Business_Administration,_School of Business, University of_Nairobi, 1-69. 23. Michaelas, N., Chittenden,_F. & Putziouris,_P. (