Paper Title
Relationship Between Systematic Risk Factors and Financial Performance of Commercial banks Listed at the Nairobi Securities Exchange
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Registration ID: IJNRD_205979
Published ID: IJNRD2310031
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Abstract
L OF BUSINESS AND ECONOMICS, The Catholic University of Eastern Africa, Nairobi, Kenya Abstract: A regression inquiry was also required to complete the regression to which this analysis contributed. The interest rate established by the CBK, the inflation rate calculated by the CPI, the M2 money supply, and the exchange rate all serve as independent variables in this study. One of the additional indicators is the current value of one currency in relation to another. The current investigation used an explanatory research methodology. This study's sample population consists of eleven commercial banks listed on the NSE. Furthermore, throughout the course of the investigation, all commercial banks in Kenya that were listed on the official listing of the Nairobi Securities Exchange (NSE) in the year 2020 were thoroughly reviewed. A census-like approach was adopted, and all eleven of the chosen financial institutions were counted. The great majority of the data utilized in this inquiry originates from official agencies such as the Kenya National Bureau of Statistics, the Central Bank of Kenya, and the financial statements of the relevant commercial banks. We evaluated the association between Kenyan commercial banks' stock performance and systemic risk indicators using regression analysis. The study focused on these Kenyan banks and other financial organizations. The findings of the study indicate a statistically significant and favourably correlated positive relationship between the financial performance of commercial banks in Kenya and a variety of parameters, including the level of inflation (r=0.014, p=0.041), the exchange rate (r=0.039, p=0.000), the interest rate (r=0.002, p=0.000), and the money supply (r=0.003, p=0.000). The findings of the research indicate that it would be advisable for the Central Bank to adopt policies pertaining to bank discount rates. In order to mitigate the occurrence of loan defaults resulting from variable payback amounts, it is essential for commercial banks to promote the adoption of fixed interest loan repayment choices over flexible repayment arrangements among their clientele. In conclusion, it is essential for commercial banks to prioritize their focus on monetary policy adjustments pertaining to the money supply, while strictly following to the rules set out by the Central Bank and making appropriate modifications to their variables in response. It is recommended that the Central Bank implement a regulation mandating banks to periodically disclose the currency rates applied to consumers. Key words: - Systematic Risk, Financial Performance, Commercial Banks, Nairobi, Security Exchange. _____________________________________________________________________________________________
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Ambagwa Ochieng Kevin (October-2023). Relationship Between Systematic Risk Factors and Financial Performance of Commercial banks Listed at the Nairobi Securities Exchange . INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(10), a263-a274. https://ijnrd.org/papers/IJNRD2310031.pdf
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Volume 8 Issue 10, October-2023
Pages : a263-a274
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Paper Reg. ID: IJNRD_205979
Published Paper Id: IJNRD2310031
Research Area: Arts
Author Type: Foreign Author
Country: Uasingishu , Riftvalley , Kenya
Published Paper PDF: https://ijnrd.org/papers/IJNRD2310031.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310031
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