Capital Structure Formation and Investment Performance of the General Insurance Companies in Kenya

Simple item page
dc.contributor.authorKarakacha, Toloi Moses
dc.contributor.authorNdede, Fredrick W.S.
dc.date.accessioned2022-05-10T08:11:18Z
dc.date.available2022-05-10T08:11:18Z
dc.date.issued2020-09
dc.descriptionA Research Article in the International Journal of Management and Commerce Innovationsen_US
dc.description.abstract: This study sought to investigate the effect of capital structure formation on investment performance of the general insurance companies in Kenya. The study was anchored on the pecking order, trade-off and agency cost theories. Firm size tested the moderation effect in the relationship. The descriptive research design was employed whereas the panel regressions and correlation analysis tested the relationships strength and direction in the study models. The study target population comprised of seventy-two insurance companies. The sample consisted of thirty-nine general insurance companies purposively sampled. Secondary data was collected using customised schedules. The study revealed that long-term debt had a significant positive effect on return on assets whereas it showed a significant negative relationship with return on equity. The total debt had a significant negative relationship with the return on assets and equity. The total equity had a significant negative relationship with the return on equity. The firm size had a positive moderating effect on the return on assets and equity. The study recommended the use of long term debt to achieve improved investment performance. Further studies focusing on life and composite insurance companies can use longer period panel data on short term debt and staff productivity to facilitate comparisonsen_US
dc.identifier.citationMOSES, K. T., & NDEDE, F. W. (2020). CAPITAL STRUCTURE FORMATION AND INVESTMENT PERFORMANCE OF THE GENERAL INSURANCE COMPANIES IN KENYA (Doctoral dissertation, KENYATTA UNIVERSITY).en_US
dc.identifier.issn2348-7585
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23712
dc.language.isoenen_US
dc.publisherResearch Publish Journalsen_US
dc.subjectCapital Structure Formationen_US
dc.subjectLong-term debten_US
dc.subjectTotal Debten_US
dc.subjectTotal Equityen_US
dc.subjectFirm Sizeen_US
dc.subjectInvestment Performanceen_US
dc.titleCapital Structure Formation and Investment Performance of the General Insurance Companies in Kenyaen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Capital Structure .....pdf
Size:
355.75 KB
Format:
Adobe Portable Document Format
Description:
Research article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
RP-Accounting and Finance Department