Firm-level determinants of liquidity: The case of NSE-listed Kenyan banks

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dc.contributor.authorTim, Avedi Musungu
dc.date.accessioned2017-09-11T11:29:20Z
dc.date.available2017-09-11T11:29:20Z
dc.date.issued2017
dc.descriptionA Research project submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractWhat are the key determinants of Liquidity in Kenyan Commercial banks? In the aftermath of the Global Financial Crisis as well as recent events in the Kenyan context, Liquidity and its management have been a crucial concern to industry thought leaders and policymakers. (Mwangi, 2014) and (Mugenyah, 2015) began the conversation in the Kenyan context. However, a more rigorous study is required to advance the debate and the current paper seeks to do just that. A panel data methodology is adopted with bank-fixed effects on a sample of 11 banks and 10 time periods. Two liquidity indicators serve as regressands and a set of core bank indicators as regressors. The author attempts to identify the 'best set' of core bank indicators that ultimately predict or determine liquidity in Kenyan Commercial Banks. Net Loans to Total Assets Ratio, Tier 1 Capital Ratio and Total Capital Ratio emerged as the most significant factors, highlighting the key role that bank specialization and Capital Adequacy play in the liquidity management function of listed Kenyan Commercial Banks.en_US
dc.identifier.urihttp://hdl.handle.net/11071/5418
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectLiquidityen_US
dc.subjectRegressorsen_US
dc.subjectTotal Assets Ratioen_US
dc.subjectCapital Adequacyen_US
dc.titleFirm-level determinants of liquidity: The case of NSE-listed Kenyan banksen_US
dc.typeProjectsen_US
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