Please use this identifier to cite or link to this item:
http://ir.mu.ac.ke:8080/jspui/handle/123456789/6868
Title: | Does strategic conformity matter in financial distress? evidence from listed firms in Nairobi securities exchange with special reference to inventory levels & plant and equipment newness |
Authors: | Koske, Naomi Chepkorir Bii, Philip |
Keywords: | Inventory levels Financial distress |
Issue Date: | 2018 |
Abstract: | The main purpose of this study was to determine the relationship between strategic conformity and financial distress among listed firms in Kenya. The study employed panel analysis for a period covering ten years from 2006-2015 for all 64 listed firms in Nairobi Securities Exchange. Findings from random effects multiple regression analysis showed that inventory levels has a positive and significant effect on financial distress (β =0.678; p<0.05) while plant and equipment newness had a negative and significant effect (β=-0.580; p<0.05) on financial distress. This study recommends that firms should ensure that they have policies that regulate inventory levels as this has a positive significant effect on financial distress, while adequate project appraisal should be done to inform acquisition of new plant and equipment. |
URI: | http://ir.mu.ac.ke:8080/jspui/handle/123456789/6868 |
Appears in Collections: | School of Business and Economics |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Doesstrategicconformitymatter.pdf | 591.03 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.