IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

No images

United States United States
Your Time

User Statistics Info
IJSSE is one of the leading International Journals by User Statistics!

Login Form

IJSSE Newsletter Form
Full Names *
E-mail Address: *
Country *
PDF Print E-mail




Adano Salad Kadubo

PhD Candidate

Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya



Prof. Willy Muturi, PhD

JKUAT, Kenya



Dr. John Karanja Ngugi, PhD

Kenyatta University, Kenya



CITATION: Kadubo, A. S., Muturi, W. & Ngugi, J.K. (2019). Influence of Long-term Investments on Financial Performance of Listed Non-Financial Firms in Kenya. Journal of Economics and Finance. Vol. 8 (3) pp 22 – 41.




The aim of this paper is to analyze the influence of long-term investments on the financial performance of non-financial firms listed at the NSE. In the Kenyan security market in general, the mixed asset structuring by both financial and non-financial firms listed in the Nairobi Securities Exchange significantly has led to mixed performance indices. The financial sector recorded an improvement of 16% of returns against assets while the non-financial sector recorded only 5.7% of returns against assets. The study focused on non-financial firms listed in the Nairobi Securities exchange located in Nairobi. The data required for this study was from the year 2013- 2017. This period enabled the study to get sufficient information for comparison purposes. The population of the study was from all the non-financial firms listed in the Nairobi securities exchange. According to records from the Nairobi Securities Exchange, non-financial firms are 39. The study used secondary panel data contained in the annual reports and financial statements of listed non-financial companies from the Nairobi Securities Exchange Hand Book 2012-2016. The study found that long term investments had a positive and significant influence on financial performance of the listed non-financial firms at Nairobi Securities Exchange. Firm size was also found to have a significant moderating effect on the relationship between long-term investments and financial performance of listed non-financial firms. The study recommended that the management of non-financial firms listed at the NSE should focus on investing in long-term apertures through which they reap more financing sources to enhance their performance.


Full Text PDF Format


Publication Disclaimer: The accountability of the article published in IJSSE journals is entirely of the author(s) concerned and not of the publisher/editor. The view expressed in the articles of any IJSSE journal is those of the contributors, and it does not essentially correspond to the views of the publisher/editor. It is responsibility of the authors to seek copyright clearance for any part of the content of the articles. The publisher/editor of IJSSE journals is not liable for errors or any consequences arising from the exercise of information contained in it.
Free counters!
IJSSE - International Journal of Social Sciences and Entrepreneurship | Copyright 2013 | All Rights Reserved  <