dc.contributor.author |
Koske, Naomi Chepkorir |
|
dc.contributor.author |
Bii, Philip |
|
dc.date.accessioned |
2021-01-11T09:22:07Z |
|
dc.date.available |
2021-01-11T09:22:07Z |
|
dc.date.issued |
2018-03 |
|
dc.identifier.uri |
http://ir.mu.ac.ke:8080/jspui/handle/123456789/3818 |
|
dc.description.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. |
en_US |
dc.language.iso |
en |
en_US |
dc.publisher |
International Journal of Economics, Commerce and Management, United Kingdom |
en_US |
dc.subject |
Inventory levels |
en_US |
dc.subject |
Financial distress |
en_US |
dc.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 |
en_US |
dc.type |
Article |
en_US |