Firm Size, Operational Risk and Financial Performance: Evidence from Commercial and Services companies listed in Nairobi Securities Exchange

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dc.contributor.authorOnsongo, Susan Kerubo
dc.contributor.authorMwangi, Lucy Wamugo
dc.contributor.authorMuathe, Stephen Makau
dc.date.accessioned2020-10-29T11:22:28Z
dc.date.available2020-10-29T11:22:28Z
dc.date.issued2019
dc.descriptionAn Article Published in International Journal of Current Aspectsen_US
dc.description.abstractThe study sought to assess the financial performance of the companies listed in the commercial and services sector at the Nairobi Securities Exchange (NSE), Kenya with an aim of determining the implications of firm size and operational risk on their performance. It was anchored on the agency theory. The study applied explanatory research design and the target population was the 14 companies listed under this sector. Secondary panel data contained in published annual reports for the year 2013 to 2017 was collected. A panel regression model was applied with the random effect model being used based on the Hausman specification test. Findings showed that operational risk had a positive insignificant effect on performance as proxied by return on assets (ROA). The findings further showed that firm size had a moderating effect on the relationship between operational risks and performance. It concluded that firm size played a role in the risk management of a company i.e. companies with higher total assets managed risk better than their counterpart. The study recommends that for companies to record improved financial performance, they needed to manage their operational risks by implementing risk management initiatives and increasing their total assets base.en_US
dc.identifier.citationOnsongo, S., Muathe, S., & Mwangi, L. (2019). Firm Size, Operational Risk and Performance: Evidence from Commercial and Services Companies Listed in Nairobi Securities Exchange. International Journal of Current Aspects, 3(VI), 372-379. https://doi.org/10.35942/ijcab.v3iVI.93en_US
dc.identifier.issn2616-6976
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/20737
dc.language.isoenen_US
dc.publisherIJCAB Publishing Groupen_US
dc.subjectFirm Sizeen_US
dc.subjectOperational Risken_US
dc.subjectFinancial Performanceen_US
dc.subjectCommercial and Services Companiesen_US
dc.subjectNairobi Securities Exchangeen_US
dc.titleFirm Size, Operational Risk and Financial Performance: Evidence from Commercial and Services companies listed in Nairobi Securities Exchangeen_US
dc.typeArticleen_US
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