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.

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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

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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

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