Effect of Foreign Ownership on Financial Performance of Listed Firms in Nairobi Securities Exchange in Kenya
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Date
2017-10
Authors
Jagongo, Ambrose
Musyimi, Anthony Muema
Journal Title
Journal ISSN
Volume Title
Publisher
Research Publish Journals
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.
Description
Research article
Keywords
Foreign Ownership, Financial performance
Citation
International Journal of Management and Commerce Innovations; Vol. 5, Issue 2, pp: (779-785)