Browsing by Author "Otieno, Vincent Ochieng"

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    Analysis of the Influence of Firm’s Growth on the Financing Structure among Youth-owned Small and Medium Size Enterprises in Kiambu County, Kenya
    (International Journal of Economics, Business and Management Research, 2023) Otieno, Vincent Ochieng; Njoka, Charity
    Small and Medium Enterprises (SMEs) play a vital role in the economic landscape, with their financial stability being crucial for their survival and growth. The availability of capital, especially during phases of product and process innovation, is a pivotal factor that determines the trajectory of SMEs. Kiambu County in Kenya has emerged as a region witnessing notable growth in SMEs, particularly among young entrepreneurs who own a substantial number of these enterprises. This study aims to investigate the impact of firm growth on the financing structure of youth-owned SMEs in Kiambu County, Kenya, drawing upon the trade-off theory as its theoretical framework. Employing both explanatory and cross-sectional research designs, this study adopted linear regression analysis to explore the relationships between key variables. The findings reveal that most SMEs in the region exhibit high levels of product and service development, indicating growth in their ability to provide unique offerings. However, when it comes to ICT and financial innovation, the majority of these SMEs lag behind. Moreover, the study indicates a significant increase in the overall employee count, suggesting overall growth within these enterprises.