dc.contributor.author | Kimeu, Felician M. | |
dc.date.accessioned | 2015-12-23T09:22:03Z | |
dc.date.available | 2015-12-23T09:22:03Z | |
dc.date.issued | 2015-10 | |
dc.identifier.uri | http://hdl.handle.net/11295/94069 | |
dc.description | A research project submitted in partial fulfilment of requirement for award of the Degree of Master of Science in Finance, school of business, university of Nairobi | en_US |
dc.description.abstract | Investment is the sacrifice of current consumption for future consumption whose
objective is to increase future wealth. Effective organizational decision-making is the
primary responsibility and the raison of management (Dearlove, 1998). There is a long
standing concern that the strategy literature needs a better understanding of how
organizational structure and decision-making affect organizational performance. Despite
the advantages of Investment Companies listed in Nairobi Stock Exchange, Kenyans
have been wary of investing through them challenging the premise that improved market
performance should attract new investments. The only entrants into these investment
channels are corporate‟s and high net worth individuals. The study sought to determine
the effect of portfolio composition on financial performance of investment companies
listed in Nairobi Securities Exchange. This study took a descriptive research design
approach. The study entailed a census of all the investment companies listed in the
Nairobi Securities Exchange. There are five investment companies listed in Nairobi
Securities Exchange. The study covered a period of three years starting in the year 2012
to year 2014.The study used secondary data sources available at the companies‟ books of
account and the NSE or Capital Market Authority offices. The study used the multiple
linear regression equation and the method of estimation was Ordinary Least Squares
(OLS) so as to establish the effect of portfolio composition on financial performance of
investment companies listed in Nairobi Securities Exchange. The study revealed that
portfolio composition affects the financial performance of investment companies listed in
the Nairobi Securities Exchange. The study found that investment in bonds positively
influences the financial performance of investment companies listed in the Nairobi
Securities Exchange. The study also found that investment in real estate and equity by
investment companies positively impacted on their financial performance. The study
recommends that the management of investment companies to have solid organization
structure and policy implementation which will influence their portfolio composition
which affect their financial performance. | en_US |
dc.language.iso | en | en_US |
dc.publisher | University of Nairobi | en_US |
dc.title | The Effect of Portfolio Composition on the Financial Performance of Investment Companies Listed in Nairobi Securities Exchange | en_US |
dc.type | Thesis | en_US |