dc.contributor.author | Namiba, Kutswa M | |
dc.date.accessioned | 2017-01-03T08:29:00Z | |
dc.date.available | 2017-01-03T08:29:00Z | |
dc.date.issued | 2016 | |
dc.identifier.uri | http://hdl.handle.net/11295/98576 | |
dc.description.abstract | Petroleum price regulation was introduced in Kenya in December 2010 the mandate of
which was granted to the Energy Regulatory Commission. The study‟s objective was to
assess the effect that government regulation of petroleum prices has had on the overall
financial performance of oil firms in Kenya. The study covered 10 years from 2006 to
2015 and secondary data for four oil firms in Kenya (Total Kenya Limited, Kenol Kobil
Limited, National Oil Corporation of Kenya and Hass Petroleum Kenya Limited) was
collected. It was analyzed using multiple Regression model and descriptive statistics. The
independent variables were fixed assets weight, efficiency of capital, operational costs
efficiency and petroleum price regulation and the dependent variable was financial
performance represented by Return on Assets. The study findings revealed that the
introduction of petroleum price regulation has had a negative effect on the financial
performance of oil firms in Kenya. The general financial performance of the oil firms as
measured by ROA was better/higher in the period preceding petroleum price regulation
period than in the period after introduction of the regulation. Thus the study recommends
refinement of the ERC pricing formula to ensure that it accommodates and addresses the
concerns raised thus far by the major stakeholders in the industry to ensure protection of
the oil sector‟s margins and subsequently enhance financial and overall operational
performance which is bound to have a trickle-down effect to the whole Kenyan economy. | en_US |
dc.language.iso | en | en_US |
dc.publisher | University of Nairobi | en_US |
dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
dc.subject | Petroleum Price Regulation | en_US |
dc.title | The Effect of Petroleum Price Regulation on the Financial Performance of Oil Firms in Kenya | en_US |
dc.type | Thesis | en_US |