financial performance of state-owned sugar manufacturing corporations in Western Kenya. Grounded in Modigliani and Miller … sugar corporations, from which a sample of 291 was drawn. Data were collected through structured questionnaires (n=261, 89 … capital structure optimization can enhance financial outcomes in state- owned sugar corporations. The study recommends policy …

previously used to justify such taxation and, instead, emphasize that neither explicit nor implicit markets and prices for sugar … content can be expected to emerge. Hence, in the absence of any regulation, the sugar content of sugar-sweetened beverages … (SSBs) would be inefficiently high. This market failure can be corrected by a tax on the sugar content per unit of the SSB …