| dc.contributor.author | Kariuki, F. Waitherero | |
| dc.contributor.author | Muchina, Stephen | |
| dc.contributor.author | Macharia, Stephen | |
| dc.date.accessioned | 2021-04-28T05:52:28Z | |
| dc.date.available | 2021-04-28T05:52:28Z | |
| dc.date.issued | 2020 | |
| dc.identifier.citation | Waitherero, K. F., Muchina, S., & Macharia, S. (2021). Role of liquidity risk in augmenting firm value: lessons from savings and credit cooperatives in Kenya. International Journal of Financial, Accounting, and Management, 2(4), 295- 304. | en_US |
| dc.identifier.issn | 2656-3355 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/4601 | |
| dc.identifier.uri | https://www.researchgate.net/publication/350384222_The_role_of_liquidity_risk_in_augmenting_firm_value_lessons_from_savings_and_credit_cooperatives_in_Kenya | |
| dc.identifier.uri | https://goodwoodpub.com/index.php/ijfam/article/view/340 | |
| dc.description.abstract | Purpose: The study aimed to examine the interaction between
liquidity risk and the firm's value among Kenyan SACCOs.
Research methodology: This study adopted the positivism
research philosophy and utilised both descriptive and causal
research designs. The study targeted all the 164 licenced SACCOs
in Kenya. A sample made up of 115 respondents was selected
using a stratified random sampling method. The study utilized
secondary data obtained from organization’s published financial
statements. Analysis of data was done using descriptive statistics
and inferential analysis.
Results: The study results illustrated that value of the firm was
positively correlated with liquidity risk which significantly and
favourably impacted the firm value; (β=0.014577, P=0.001).
Limitations: The analysis and conclusions reached in this study
were limited to data gathered for the five-year duration between
2012 and 2016.
Contribution: This study is useful to the management of SACCOs
and the Kenyan government to understand better how financial
risk management can improve their firms' value. The study adds to
the existing knowledge of financial risk management and firm
value | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | International Journal of Financial, Accounting, and Management (IJFAM) | en_US |
| dc.subject | Savings and credit cooperatives, Liquidity risk, Firm value | en_US |
| dc.title | The role of liquidity risk in augmenting firm value: lessons from savings and credit cooperatives in Kenya | en_US |
| dc.type | Article | en_US |
