2022
DOI: 10.24940/theijbm/2022/v10/i11/bm2210-022
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Firm Size and Market Value of Firms Trading at the Nairobi Securities Exchange: Does Dividend Policy Offer an Indirect Path?

Abstract: Objective: Research focuses on the direct effect of firm size on the market value at the expense of covariates such as dividend policy. Therefore, this study investigated the mediation effect of dividend policy on the relationship between firm size and market value. Methodology: Panel research design was employed with a target of 54 companies listed at the Nairobi security exchange in Kenya, operational in the relatively stable economy period between 2008 and 2017. Data were sourced from published audited fina… Show more

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