Effect of Foreign Ownership on Financial Performance of Listed Firms in Nairobi Securities Exchange in Kenya

  • Peter Ndungu Ng’ang’a
  • Prof. G. S. Namusonge
  • Prof. M.M. Sakwa
DOI: https://doi.org/10.53555/bm.v2i8.1345
Keywords: Foreign Ownership, Financial performance

Abstract

This study aimed to determine the effects of foreign ownership on firm’s financial performance of listed firms. The study findings indicated correlation co-efficient of 0.683, implying a positive relationship between foreign ownership and financial performance. This was evidenced by the p value of 0.000 which is less than that of critical value (0.05). The study concluded that there was a significant positive relationship between foreign ownership and firm’s financial performance.

Downloads

Download data is not yet available.

Author Biographies

Peter Ndungu Ng’ang’a

Ph.D Candidate ,Accounting and Finance/ Kenyatta University, Kenya

Prof. G. S. Namusonge

Dean, School of Entrepreneurship, Leadership, Procurement and Management, JKUAT, +254 722 89 60 92, P.O.BOX 6200-00200, NAIROBI- KENYA

Prof. M.M. Sakwa

Lecturer, School of Entrepreneurship, Leadership, Procurement and Management, JKUAT, +254 59 09 65, P.O.BOX 6200-00200, NAIROBI- KENYA

Published
2016-08-31
How to Cite
Ng’ang’a, P. N., S. Namusonge, P. G., & Sakwa, P. M. (2016). Effect of Foreign Ownership on Financial Performance of Listed Firms in Nairobi Securities Exchange in Kenya. IJRDO - Journal of Business Management, 2(8), 27-45. https://doi.org/10.53555/bm.v2i8.1345
Issue
Vol. 2 No. 8 (2016): IJRDO - Journal of Business Management
Section
Articles

Author(s) and co-author(s) jointly and severally represent and warrant that the Article is original with the author(s) and does not infringe any copyright or violate any other right of any third parties, and that the Article has not been published elsewhere. Author(s) agree to the terms that the IJRDO Journal will have the full right to remove the published article on any misconduct found in the published article.