文章基本信息

标题：Financial Distress in Commercial and Services Companies Listed at Nairobi Securities Exchange, Kenya
其他标题：Financial Distress in Commercial and Services Companies Listed at Nairobi Securities Exchange, Kenya
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作者：Elijah Kihooto ; Job Omagwa ; Muturi Wachira 等
期刊名称：European Journal of Business and Management
印刷版ISSN：2222-2839
电子版ISSN：2222-2839
出版年度：2016
卷号：8
期号：27
页码：86-89
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The study sought to assess financial distress amongst commercial and services companies listed at the Nairobi Securities Exchange, Kenya with an objective of determining whether the companies in this sector were prone to bankruptcy. The study utilized secondary data collected from the Nairobi Securities Exchange over a five year period (year 2009 to year 2013). Using Altman’s Z score model, the study findings indicate that the companies’ Z scores (on average) lay between -1.88 to 3.5. This is an indication that the companies are relatively not in danger of bankruptcy. In view of this findings, the study concludes tha. in addition, the study recommends that…. Keywords: Altman’s model, financial distress, bankruptcy, Nairobi Securities Exchange
关键词：Altman’s model; financial distress; bankruptcy; Nairobi Securities Exchange