Market Risks, Firms’ Size and Financial Performance: Reality or Illusion in Microfinance Institutions in Kenya

Simple item page
dc.contributor.authorMuathe, Stephen M. A.
dc.contributor.authorKarugu, Kahihu Peter
dc.contributor.authorWachira, David Muturi
dc.date.accessioned2024-05-09T06:50:51Z
dc.date.available2024-05-09T06:50:51Z
dc.date.issued2020
dc.descriptionJournal Article
dc.description.abstractThe purpose of the study was to investigate on Market risk, Firms’ size and financial performance, Reality or illusion in microfinance institution. The study employed positivism philosophy and used explanatory non– experimental research designs. The targeted population was all the thirteen registered Deposit Taking microfinance institutions in Kenya and census approach was used. The study used secondary data which was collected from MFIs annual audited financial reports for the period between 2014 and 2018 using data collection instruments. The study was anchored on two theories namely Dynamic Capabilities theory and Modern Portfolio Theory. Diagnostic tests were applied to test on multicollinearity, autocorrelation, heteroscedasticity, normality test, and stationarity. Panel data multiple regression analysis was used to analyze the collected data and the results presented using figures and tables. The results indicated that firm’s size has a significant moderating effect on the relationship between market risk and financial performance of microfinance institutions. The study recommended that the CEOs of microfinance Institution should employ mechanism of identifying the optimal firm size that organization needs to operate in to achieve better financial performance.
dc.identifier.citationKarugu K. P., Muturi W. D., & Muathe S. M. A. (2020): Market Risks, Firms’ Size and Financial Performance: Reality or Illusion in Microfinance Institutions in Kenya. International Journal of Economics and Finance
dc.identifier.issn1916-971X
dc.identifier.issn1916-9728
dc.identifier.urihttps://repository.daystar.ac.ke/handle/123456789/4579
dc.language.isoen
dc.publisherInternational Journal of Economics and Finance
dc.relation.ispartofseriesVol. 12, No. 11
dc.subjectfinancial performance
dc.subjectfirms’ size
dc.subjectKenya
dc.subjectmarket risk
dc.subjectmicrofinance institutions
dc.titleMarket Risks, Firms’ Size and Financial Performance: Reality or Illusion in Microfinance Institutions in Kenya
dc.typeArticle

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Market Risks, Firm's Size and Financial Performance Reality or Illusion in Microfinance Institutions in Kenya (Wachira Muturi).pdf
Size:
209.1 KB
Format:
Adobe Portable Document Format
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

Journal Articles