IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

No images

UserInfo


54.224.168.206
United States United States
Your Time

User Statistics Info
IJSSE is one of the leading International Journals by User Statistics!

Login Form



IJSSE Newsletter Form
Full Names *
E-mail Address: *
Country *
PDF Print E-mail

EFFECTS OF OWNERSHIP STRUCTURE ON FINANCIAL PERFORMANCE OF INSURANCE COMPANIES LISTED AT THE NAIROBI SECURITIES EXCHANGE

 

Faith Karimi Aciita

College of Human Resource and Development,

Jomo Kenyatta University of Agriculture and Technology

P. O. Box 62000, 00200 Nairobi, Kenya.

 

Dr. Asumpta Kagiri

College of Human Resource and Development,

Jomo Kenyatta University of Agriculture and Technology

Corresponding Author email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

CITATION: Aciita, F., K. & Kagiri, A. (2016). Effects Of Ownership Structure On Financial Performance Of Insurance Companies Listed At The Nairobi Securities Exchange. International Journal of Economics and Finance. Vol. 5(10) pp 78-94

 

ABSTRACT

The study aimed at establishing the effects of ownership structure on financial performance of insurance companies listed at Nairobi Securities Exchange (NSE) during the period 2011 to 2015. Ownership was represented by concentrated ownership or majority shareholders, domestic ownership, foreign ownership as well as state ownership respectively. The overall objective of this study was to establish the effects of ownership structure on the overall financial performance of insurance companies listed at the NSE. The target population of the study comprised of all the 6 listed insurance firms at the NSE. The study used primary and secondary data and it targeted a sample size of thirty five branch managers from Nairobi County. Analysis was done using multivariate regression in a panel data framework. Data was analyzed by use of SPSS and presented by use of tables, and pie chart. The findings of the study revealed that ownership concentration positively affected financial performance of listed insurance firms in Kenya. Regression model shows that there is positive relationship between ownership concentration and financial performance of listed insurance Firms. Correlation analysis shows that there is positive relationship between domestic ownership and financial performance of listed insurance Firms in Kenya. The findings of the study revealed that foreign ownership positively affected financial performance of listed insurance firms. Regression model shows that there is positive relationship between foreign ownership and financial performance of listed insurance Firms in Kenya. The finding of the study revealed that state ownership positively affected financial performance of listed insurance firms in Kenya. Regression model shows positive relationship between state ownership and financial performance of listed insurance Firms. The study concludes that a unit increase in ownership concentration would lead to increase in financial performance of listed insurance Firms in Kenya. A unit increase in foreign ownership would lead to increase financial performance of listed insurance firms in Kenya. State ownership significantly affect the financial performance of listed insurance firms in Kenya. The study recommends that the insurance firms should increase ownership concentration, domestic, foreign and state ownership as this would lead to increase in financial performance.

Keywords: Ownership concentrations, Domestic ownership, Foreign ownership, State ownership, Financial performance

 

 

Full Text PDF Format

 

 
Banner
Publication Disclaimer: The accountability of the article published in IJSSE journals is entirely of the author(s) concerned and not of the publisher/editor. The view expressed in the articles of any IJSSE journal is those of the contributors, and it does not essentially correspond to the views of the publisher/editor. It is responsibility of the authors to seek copyright clearance for any part of the content of the articles. The publisher/editor of IJSSE journals is not liable for errors or any consequences arising from the exercise of information contained in it.
Free counters!
IJSSE - International Journal of Social Sciences and Entrepreneurship | Copyright 2013 | All Rights Reserved  <