This study evaluated the relationship between financial leverage and performance of non financial... more This study evaluated the relationship between financial leverage and performance of non financial companies of the Nairobi Securities Exchange (NSE), Kenya. The study specifically determined the relationship of leverage measures of long term debt-toequity ratio; short term debt-to-equity ratio; total debt-to-equity ratio; short –term debt to equity ratio; short-term debt to current assets and financial performance measures of return on assets ((ROA) calculated from financial statements. The study was a census of all 61 firms listed on the NSE. A sample size of 42 firms were selected by purposive sampling after omitting firms in the financial services sector due to their capital structures being regulated by the central bank. The study was anchored on conceptual framework. It relied on secondary data for 6-year study period (2007-2012) and validated by piloting the study. Regression analysis model was used to investigate the relationship of financial leverage on dependent variables. ...
This study evaluated the relationship between financial leverage and performance of non financial... more This study evaluated the relationship between financial leverage and performance of non financial companies of the Nairobi Securities Exchange (NSE), Kenya. The study specifically determined the relationship of leverage measures of long term debt-to-equity ratio; short term debt-to-equity ratio; total debt-to-equity ratio; short –term debt to equity ratio; short-term debt to current assets and financial performance measures of return on assets ((ROA) calculated from financial statements. The study was a census of all 61 firms listed on the NSE. A sample size of 42 firms were selected by purposive sampling after omitting firms in the financial services sector due to their capital structures being regulated by the central bank. The study was anchored on conceptual framework. It relied on secondary data for 6-year study period (2007-2012) and validated by piloting the study. Regression analysis model was used to investigate the relationship of financial leverage on dependent variables. Result shows that ROA is significant with long-term debt at 95% confidence interval.
This study evaluated the relationship between financial leverage and performance of non financial... more This study evaluated the relationship between financial leverage and performance of non financial companies of the Nairobi Securities Exchange (NSE), Kenya. The study specifically determined the relationship of leverage measures of long term debt-toequity ratio; short term debt-to-equity ratio; total debt-to-equity ratio; short –term debt to equity ratio; short-term debt to current assets and financial performance measures of return on assets ((ROA) calculated from financial statements. The study was a census of all 61 firms listed on the NSE. A sample size of 42 firms were selected by purposive sampling after omitting firms in the financial services sector due to their capital structures being regulated by the central bank. The study was anchored on conceptual framework. It relied on secondary data for 6-year study period (2007-2012) and validated by piloting the study. Regression analysis model was used to investigate the relationship of financial leverage on dependent variables. ...
This study evaluated the relationship between financial leverage and performance of non financial... more This study evaluated the relationship between financial leverage and performance of non financial companies of the Nairobi Securities Exchange (NSE), Kenya. The study specifically determined the relationship of leverage measures of long term debt-to-equity ratio; short term debt-to-equity ratio; total debt-to-equity ratio; short –term debt to equity ratio; short-term debt to current assets and financial performance measures of return on assets ((ROA) calculated from financial statements. The study was a census of all 61 firms listed on the NSE. A sample size of 42 firms were selected by purposive sampling after omitting firms in the financial services sector due to their capital structures being regulated by the central bank. The study was anchored on conceptual framework. It relied on secondary data for 6-year study period (2007-2012) and validated by piloting the study. Regression analysis model was used to investigate the relationship of financial leverage on dependent variables. Result shows that ROA is significant with long-term debt at 95% confidence interval.
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