September 10, 2025Journal of Finance and Accounting

Drivers of Firm Value: Working Capital Efficiency, Liquidity, and Firm Size. Evidence from Nairobi Securities Exchange, Kenya

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LMLisy Marigu MutuaSt. Paul's University

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Implication

Panel regression analysis assesses mutual effects of liquidity and firm size on firm value in Kenya, suggesting implications for corporate regulation.

Key Points

Working capital efficiency, liquidity, and firm size significantly impact firm value in Kenya.
Findings indicate that higher liquidity correlates positively with increased firm value, emphasizing its importance.
Analysis utilized a panel regression random effect model to study firms over a nine-year dataset from 2012-2021.
The results highlight the need for firms to balance their working capital and liquidity while considering their size.

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Lisy Marigu Mutua (2025) studied this question.

synapsesocial.com/papers/68c23ed7b210217d64794266 https://doi.org/10.53819/81018102t4330

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Implication

Panel regression analysis assesses mutual effects of liquidity and firm size on firm value in Kenya, suggesting implications for corporate regulation.

Drivers of Firm Value: Working Capital Efficiency, Liquidity, and Firm Size. Evidence from Nairobi Securities Exchange, Kenya

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Implication

Key Points

Cite This Study

Drivers of Firm Value: Working Capital Efficiency, Liquidity, and Firm Size. Evidence from Nairobi Securities Exchange, Kenya

Discussion

Member takes

Implication

Key Points

Cite This Study

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