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Cyrus Iraya

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Open access Oct 2026

Does Scale Strengthen Value Creation from Liquidity?Firm Size and the Conditional Liquidity: Value Nexus in Kenya

This study investigates the influence of firm size on the relationship between liquidity and market valuation for firms listed on the Nairobi Securities Exchange in Kenya. The debate in corporate finance over the impact of firm liquidity on market valuation is unresolved, with research yielding mixed outcomes: some stu...

Anthony Njoroge Njenga, Cyrus Iraya, Kennedy O. Okiro · 0 citations

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