Moderating Effect of CEO Tenure and Managerial Experience on Firm Specific Determinants of Corporate Cash Holdings

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dc.contributor.authorKariuki, Samuel N.
dc.contributor.authorNamusonge, Gregory S.
dc.contributor.authorOrwa, George O.
dc.date.accessioned2016-02-16T17:37:54Z
dc.date.available2016-02-16T17:37:54Z
dc.date.issued2015-04
dc.description.abstractThe study examines the moderating effect of CEO tenure and managerial experience on firm specific determinants of corporate cash holdings among private manufacturing firms in Kenya. The research employed the upper echelons theory to identify CEO characteristics that are linked to various organizational processes and outcomes such as cash holding. This survey-based study selected a sample of 156 private manufacturing firms from the firms registered with the KAM that are located in Nairobi and surrounding area using stratified random sampling technique. The research collected primary data using selfadministered questionnaires to gather self-reported financial measures from the CFOs. The study employed stepwise multiple regression analysis to determine the moderating effect of CEO tenure and managerial experience on independent and dependent variables. The study concludes that the CEO tenure significantly moderates firm size, growth opportunities, and likelihood of financial distress as determinants of corporate cash holdings. Further, the study concludes that CEO managerial experience in other industries significantly moderates firm size and cash flow volatility determinants of corporate cash holdings among private manufacturing firms in Kenya.en_US
dc.identifier.citationSSRG International Journal of Economics and Management Studies (SSRG-IJEMS) – volume2 issue2en_US
dc.identifier.issn2393 - 9125
dc.identifier.urihttp://hdl.handle.net/123456789/604
dc.language.isoenen_US
dc.publisherSeventh Sense Research Group (SSRG)en_US
dc.subjectCash holdingsen_US
dc.subjectCEO managerial experienceen_US
dc.subjectCEO tenureen_US
dc.subjectUpper echelons theoryen_US
dc.titleModerating Effect of CEO Tenure and Managerial Experience on Firm Specific Determinants of Corporate Cash Holdingsen_US
dc.typeArticleen_US
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