Omollo, Harold and Olweny, Tobias and Oluoch, Oluoch and Wamatanda, Joshua (2021): Financial theories on pension fund portfolios in Kenya.
Preview |
PDF
MPRA_paper_109216.pdf Download (637kB) | Preview |
Abstract
Theories are guided principles defining facts while using the outcome to predict the future. To some extent, hypotheses have also been used in support of several ideologies leading to theoretical evidence for scientists and the general public. In this perspective, financial theories are adopted to address debt and equity ethical dilemmas more so within pension fund portfolios according to financial pundits. Over time, pension fund managers in Kenya have been reaching out for known theories for possible adoption underpinning principals and theoretical framework when juggling with debts and equity decisions. This paper therefore addresses specific concerns raised by several proponents regarding financial theory practices interventions while considering relevant variables for the study. The conclusion of the matter is that the study illustrates how theories can be put into practice more so during decision making processes on specific portfolios.
Item Type: | MPRA Paper |
---|---|
Original Title: | Financial theories on pension fund portfolios in Kenya |
Language: | English |
Keywords: | Capital structure theories; pension fund portfolios; financial theories and practices; debts and equity investments; optimal levels; exploratory variable s. debt equity ratios |
Subjects: | G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages |
Item ID: | 109216 |
Depositing User: | Mr omolo omondi |
Date Deposited: | 24 Aug 2021 05:53 |
Last Modified: | 20 Dec 2022 11:17 |
References: | Baker, Malcolm, and Jeffrey Wurgler. 2002. “Market timing and capital structure”.Havard business School Working Paper Bradley, Michael, Gregg A. Jarrell, and E. Kim. 1984. The Existence of an Optimal Capital?The Quarterly Journal Of Economics 133, 129–190. Brealey, Richard, Hayne E. Leland, and David H. Pyle. 1977. Informational Asymmetries,MIT Department of Economics Graduate Student Research Paper 16-01. Hovakimian, Armen. 2006. Are observed capital structures determined by equity market timing?The Review of Economics and Statistics 99, 853–869. Jensen, Michael C. 1986. Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers,Journal of Economic Perspectives 21, 175–199. Jensen, Michael C., and William H. Meckling. 1976. Theory of Firm, The American Economic.Review 105, 710–746. Jordan.Australasian Accounting, Business and Finance Journal 1: 40–61.Journal of Economics 8:23–40.Journal of Finance 45:321–49.Journal of Financial and Quantitative Analysis 41: 221–43. Miller, Merton H. 1976. Debt and Taxes.Models of Capital Structure. Journal of Financial ,economics 51: 219–44. The Journal of Finance 32: 261–75 Modigliani and Miller (1958) Modigliani, Franco, and Merton H. Miller. 1958. The Cost of Finance, The Journal of Business 77,725–748. Myers, Stewart C. 1984. The Capital Structure Puzzle. Journal of Finance 39: 575–92,Reliably,important? Financial Management 38: 1–37. Shyam-Sunder, Lakshmi, and Stewart C. Myers. 1999. Testing Static Trade-off against Pecking Order structure. Journal of Business 74: 483–512.Structure,Theory and Evidence. Journal of Finance 39: 857–78. Brendea, Gabriela. 2014. Financing Behavior of Romanian Listed Firms Campbell, Gareth, and Meeghan Rogers. 2018. Capital structure volatility in Europe, s. http://www anytimes.com/2013/05/12/business/employers-pull-applicants-credit-reports.html. Shorr, Scott, 1994, Personal information contracts: How to protect privacy without violating the first amendment,Financial Structure, and Financial Intermediation,The Journal of Finance 32:371– 87. Kenya Retirement Benefits Authority Report,(2018),vol 11, pg 4-9. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/109216 |