Influence of Cash Flow Trends on Shareholders Returns among Manufacturing and Allied Companies Listed in the Nairobi Securities Exchange, Kenya
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 4
Abstract
The study investigated the effect of cash flow trends on shareholders returns among listed manufacturing and allied companies in Kenya. Over the recent times most of these firms have been showing serious cash flow difficulties. The specific objective of the study was to examine the influence of cash from financing activities on shareholders’ returns. The free cash flow theory guided the study. The study adopted a descriptive research design. The target population comprised of accounts and finance staff working with the aforementioned entities. The study population constituted 227 such staff. A sample of 54 respondents was obtained using stratified random sampling technique. The data collected were processed and analyzed using Statistical Package for Social Science Version 24 software. The results of the analysis were presented using tables. The study found that cash flows from financing activities significantly influenced shareholders’ returns (t=6.821; p < 0.05). The study concluded that cash flows from financing activities were highly important. The study recommended that manufacturing and allied firms should increase the payment of dividends
Authors and Affiliations
Kariuki Simon Gathu, Kibati Patrick
Keywords
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- EP ID EP410256
- DOI 10.9790/487X-2004066473.
- Views 102
- Downloads 0
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