September 10, 2025International Journal of Economics Business and Management Research

Joint Effect of Financial Leverage, Agency Costs and Firm Size on Financial Performance of Non-Financial Firms Listed in the Nairobi Securities Exchange, Kenya

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Authors

CSCollins Sitienei JNJames NyamuChuka University JMJoseph MasindeChuka University

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Implication

Observational analysis highlights the joint effects of financial leverage and agency costs on performance in non-financial firms, indicating economic health concerns.

Key Points

The joint effect of financial leverage, agency costs, and firm size significantly influences financial performance.
Statistical analysis showed that debt-equity ratio positively impacts financial performance, while interest coverage ratio negatively affects it.
A mixed-methods approach, including descriptive and longitudinal designs, was utilized to analyze firm performance over 14 years.
Findings underscore the importance of managing debt levels and agency costs to improve the overall financial health of firms.

Cite This Study

Sitienei et al. (2025) studied this question.

synapsesocial.com/papers/68c24126b210217d6479de86 https://doi.org/10.51505/ijebmr.2025.9715

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Implication

Observational analysis highlights the joint effects of financial leverage and agency costs on performance in non-financial firms, indicating economic health concerns.

Joint Effect of Financial Leverage, Agency Costs and Firm Size on Financial Performance of Non-Financial Firms Listed in the Nairobi Securities Exchange, Kenya

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Key Points

Cite This Study

Joint Effect of Financial Leverage, Agency Costs and Firm Size on Financial Performance of Non-Financial Firms Listed in the Nairobi Securities Exchange, Kenya

Discussion

Member takes

Implication

Key Points

Cite This Study

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