Financial Distress in Commercial and Services Companies Listed at Nairobi Securities Exchange, Kenya

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dc.contributor.authorKihooto, Elijah
dc.contributor.authorOmagwa, Job
dc.contributor.authorWachira, Muturi
dc.contributor.authorEmojong, Ronald
dc.date.accessioned2021-06-14T08:13:53Z
dc.date.available2021-06-14T08:13:53Z
dc.date.issued2016
dc.description.abstractThe study sought to assess financial distress amongst commercial and services companies listed at the Nairobi Securities Exchange, Kenya with an objective of determining whether the companies in this sector were prone to bankruptcy. The study utilized secondary data collected from the Nairobi Securities Exchange over a five year period (year 2009 to year 2013). Using Altman’s Z score model, the study findings indicate that the companies’ Z scores (on average) lay between -1.88 to 3.5. This is an indication that the companies are relatively not in danger of bankruptcy. In view of this findings, the study concludes tha. in addition, the study recommends that….en_US
dc.identifier.citationKihooto, E., Omagwa, J., Wachira, M. & Emojong, R. (2016). Financial Distress in Commercial and Services Companies Listed at Nairobi Securities Exchange. European Journal of Business and Management, 8(27), pp. 86-89.en_US
dc.identifier.issn2222-2839
dc.identifier.urihttps://repository.daystar.ac.ke/handle/123456789/3597
dc.language.isoenen_US
dc.publisherEuropean Journal of Business and Managementen_US
dc.subjectAltman’s modelen_US
dc.subjectFinancial distressen_US
dc.subjectBankruptcyen_US
dc.subjectNairobi Securities Exchangeen_US
dc.titleFinancial Distress in Commercial and Services Companies Listed at Nairobi Securities Exchange, Kenyaen_US
dc.typeArticleen_US

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