An Assessment of Capital Structure Decisions by Small and Medium Enterprises in Kenya

Many theories and empirical research that explain the determinants of capital structure, originated in the developed economies. These studies focus on large firms that issue complex financial securities for both debt and equity. Very little research has been carried out to establish the determinants of capital structure in emerging and the less developed countries. This research was done to establish whether the determinants of capital structure identified in the developed world are the same determinants of capital structures of Small and Medium Enterprises in developing countries. The study establishes that age, profitability, size, growth opportunities and tangible assets of the business greatly determine the leverage of the business. The study’s significance lies in the provision of newevidence on the determinants of capital structure of small and medium enterprises in developing countries with a special focus on Kenyan firms. Keywords: Capital structure, Small and Medium Enterprises, Kenya

Impact of Information Security Policies on Computer Security Breach Incidences in Kenyan Public Universities

The aim of this study was to investigate the Impact of Information Security Policies on Computer Security Beach incidences in Kenyan public universities. Information security policies are designed to safeguard network resources from security breaches.  The study utilized a questionnaire to collect primary data from Information Technology (IT) personnel in public universities with regard to their perceptions of how information security policies affect computer security breach incidents. A simple random sampling was used to identify 200 IT employees from public universities in Kenya. Pearson correlation analysis was used to study the relationships between the variables. Independent t-tests (2-tailed) and ANOVA test were used to determine the level of significance. According to the results of the study, there is a weak relationship between information security policies and security breaches. The study hopes to add to the body of academic knowledge in the public educational institutions in Kenya where information repository is a resource. Keywords: Information Security Policies, Security Breach Incidences, Kenyan Public Universitie