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DC Field | Value | Language |
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dc.contributor.author | Koske, Naomi Chepkorir | - |
dc.contributor.author | Tuwei, Joel Kiplagat | - |
dc.contributor.author | Kimwolo, Andrew Kimutai | - |
dc.date.accessioned | 2021-01-11T09:35:06Z | - |
dc.date.available | 2021-01-11T09:35:06Z | - |
dc.date.issued | 2019-12 | - |
dc.identifier.uri | https://doi.org/10.32996/jefas | - |
dc.identifier.uri | http://ir.mu.ac.ke:8080/jspui/handle/123456789/3819 | - |
dc.description.abstract | Our study examines whether there’s a relationship between stock market liquidity and the likelihood of financial distress among listed firms in Kenya. This study was grounded on feedback theory. The study employed panel analysis for a period covering ten years from 2006-2015. The target population comprised all 64 listed firms in Nairobi Securities Exchange. Secondary firm-level panel data was gathered from year-end financial reports for the period 2006-2015. Standard multiple regression analysis was used to analyze and test the hypotheses. The study found a negative and significant effect of stock market liquidity (β=-1.842; p<0.05) on likelihood of financial distress. This finding revealed that stock market liquidity plays an important role in enabling firms to be financially stable and reduces chances of becoming financially distressed. This study recommends that the firms should take keen scrutiny of their financial structures. Further research should focus on other possible market structures that can be used to lower and avoid likelihood of financial distress. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Journal of economics, finance and accounting studies | en_US |
dc.subject | Stock market liquidity | en_US |
dc.subject | Financial distress likelihood | en_US |
dc.subject | Nairobi securities exchange | en_US |
dc.title | Stock market liquidity and financial distress likelihood among listed firms in Nairobi Securities Exchange, Kenya | en_US |
dc.type | Article | en_US |
Appears in Collections: | School of Business and Economics |
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