dc.contributor.author | Musau, Rosewayua | |
dc.date.accessioned | 2018-02-05T09:21:12Z | |
dc.date.available | 2018-02-05T09:21:12Z | |
dc.date.issued | 2017 | |
dc.identifier.uri | http://hdl.handle.net/11295/103319 | |
dc.description.abstract | The objective of this research was to determine the effect of mergers and acquisitions on
the financial performance of companies listed at the Nairobi Securities Exchange in
Kenya. Theoretically it is assumed that mergers and acquisitions improve the company’s
financial performance as a result of synergy and risk diversification. The research
focused on the financial performance of companies in Kenya which merged or were
acquired between 2009 and 2013 and were listed at the Nairobi Securities Exchange.
Comparative analysis of the companies' pre and post mergers and acquisitions periods
was conducted to establish whether mergers and acquisitions led to improved financial
performance. Secondary data from the annual financial statements were collected 3 years
before and after mergers and acquisitions to determine whether there was any effect on
the financial performance. The population used in this study was the 16 companies that
had undergone mergers and acquisitions between 2009 and 2013. The study used mainly
secondary data which was obtained from NSE and capital markets authority for the
period under study. Data was analyzed on the basis of the mean and the t-paired test
statistic was computed at 5% significance level. From the findings, mergers and
acquisitions had significant effect on the financial performance of the companies listed at
the Nairobi Securities Exchange. | 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 | Nairobi Securities Exchange | en_US |
dc.title | Effect Of Mergers And Acquisitions On The Financial Performance Of Companies Listed At The Nairobi Securities Exchange | en_US |
dc.type | Thesis | en_US |