An Evaluation of Capital Structure and the Profitability of Companies

Abstract

For development and growth of any society, the provision of basic infrastructure is quite necessary. This perhaps explains why the government shows great concern for a medium through which fund can be made available to achieve their set goals for the society. Government needs money (fund) to be able to execute its social obligations to the public. These social obligations are not limited to the provision of infrastructure and social services. According to Murkur (2001), meeting the needs of the society call, for huge funds which an individual or society could not contribute alone. It becomes the responsibility of the government to source for the funds to enable her provide these basic amenities to the citizen who are the beneficiaries