Exchange Rate and Financial Performance of Non-Financial Firms Listed at the Nairobi Securities Exchange, Kenya

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dc.contributor.authorWanjohi, John
dc.contributor.authorMungai, John
dc.date.accessioned2022-05-11T11:55:20Z
dc.date.available2022-05-11T11:55:20Z
dc.date.issued2020-09
dc.descriptionA Research Article in the International Journal of Management and Commerce Innovationsen_US
dc.description.abstractThe study sought to establish the effect of exchange rate on financial performance of Non Financial Firms listed on the NSE, Kenya. In carrying out the study, Modern Portfolio Theory and Deflation Theory were adopted. The research was based causal research design and the population comprises of the non-financial companies listed at the NSE in Kenya as from January 2013 to December 2017 which are 41 in number. Therefore, the study was based on a census. This research utilized panel data which was be extracted with the use of a secondary data collection schedule. Data was analyzed using stata software version 14 where the analysis was based on descriptive analysis and regression analysis. The findings of the reveal that exchange rate had a negative and significant effect on financial performance of non financial firms listed on the NSE, Kenya. The study recommends that firms should engage in cross border operations, that is, firms should have branches in foreign countries as these will aid in cushioning the effect of currency depreciation on financial performance of firms. Further studies can utilize other measures of financial performance such as return on equity and net interest margin. Other studies can also consider internal factors such as firm size and how they affect the relationship between systematic risk factors and non financial firms listed at the Nairobi Security Exchange, Kenyaen_US
dc.identifier.citationJohn Wanjohi and Dr. John Mungai (2020) Exchange rate and financial performance of non-financial firms listed at the Nairobi securities exchange, Kenya, International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 8, Issue 1, pp: (423-429), Month: April 2020 - September 2020,en_US
dc.identifier.issn2348-7585
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23720
dc.language.isoenen_US
dc.publisherResearch Publish Journalsen_US
dc.subjectExchange Rateen_US
dc.subjectFinancial Performance.en_US
dc.subjectModern Portfolio Theoryen_US
dc.subjectStakeholders Theoryen_US
dc.subjectNon Financial Firmsen_US
dc.subjectNairobi Securities Exchangeen_US
dc.titleExchange Rate and Financial Performance of Non-Financial Firms Listed at the Nairobi Securities Exchange, Kenyaen_US
dc.typeArticleen_US
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