The objective of this study was to examine whether ownership structure moderates the connection between board attributes and financial risk management in Kenya. The sample included 41 non-financial companies from 2010-2017. The hierarchical binary logistic regression was used to evaluate the interaction conditions of the hypothesis. The findings of the research revealed that the ownership structure had a positive and insignificant moderating effect on the connection between financial expertise of the board and financial risk management (ß=0.12, ρ>0.05) while independent board members and financial risk management was positively and significantly moderated by ownership structure (β=0.75, ρ<0.05). The study findings will be useful to investors who want to make investments in firms by understanding board attributes in relation to structure risk management. This research offers logical information, especially in the case of emerging economies, on the role of ownership structure in influencing financial risk management decisions.

The purpose of the research is to establish the impact of ownership structure on risk management among listed non-financial firms in the Nairobi Securities Exchange, Kenya. The panel research design was appropriate and the population comprised of all 67 listed firms. Based on the inclusionexclusion criterion, 41 non-financial firms were chosen from 2010-2017 while data was analyzed using logistic regression. The statistical values revealed that (β = 0.297, p<0.05) ownership structure significantly and positively impacts risk management. The structure of owners in relation to shareholdings is more likely to play an essential part in hedging transactions as it improves the worth of their equities which translates to enhanced efficiency and thus maximizing their wealth. The study contributes to understanding the structure of ownership and risk management via the utilization of hedging tools to alleviate exposure levels.

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