Effect of Ownership Structure on Corporate Diversification of Listed Firms in Kenya

SEISENSE Journal of Management

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Field Value
Title Effect of Ownership Structure on Corporate Diversification of Listed Firms in Kenya
Creator Tanui, Peninah Jepkogei
Yegon, Josephat Cheboi
Bonuke, Ronald
Subject Ownership Structure
Institutional Ownership
Foreign Ownership
Capital Structure
Corporate Diversification
Description Purpose - This paper aimed to examine the moderating role of capital structure in the relationship between institutional and foreign ownerships on corporate diversification of listed firms at the Nairobi Securities Exchange, Kenya.
Design/Methodology - The target population comprised of all the 65 listed firms at Nairobi Securities Exchange in Kenya. However, the inclusion criteria were based on all firms listed at the NSE from 2003 to 2017.
Findings - Capital structure significantly moderated the relationship between institutional ownership and corporate diversification. However, there was a statistically insignificant moderating effect of capital structure in the relationship between foreign ownership and corporate diversification.
Practical Implications - As to increase diversification, listed firms are suggested to have low levels of capital structure and institutional ownership. Furthermore, low levels of foreign ownership and high capital structure is vital in attaining high diversification levels.
Originality - The study contribution is the moderating effect of capital structure in institutional ownership - corporate diversification linkage.
Date 2019-08-21
Type info:eu-repo/semantics/article
Peer Reviewed Article
Format application/pdf
Identifier http://journal.seisense.com/index.php/jom/article/view/194
Source SEISENSE Journal of Management; Vol 2 No 5 (2019): SEISENSE Journal of Management; 29-46
Language eng
Relation http://journal.seisense.com/index.php/jom/article/view/194/78
Rights Copyright (c) 2019 Peninah Jepkogei Tanui, Josephat Cheboi Yegon, Ronald Bonuke

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