Managerial Ability and Investment Efficiency among Firms Listed at the Nairobi Securities Exchange

The level of managerial ability that a firm possesses may to large extend influence its investment efficiency. purpose this article is argue has significant relationship with the Based on data set 702 year observations for financial period 2008- 2020, researchers investigated whether (MA) associated efficiency (IE). between independent and dependent variables was tested using multivariate fixed effect panel regression models. In addition, included characteristics as control given they are known have an association Investment in findings reveal had negative higher lower It established firms were more likely overinvest compared those ability. also revealed majority listed Kenya managed by skilled managers (56%) whereas remaining 44% found be low skills scope study one developing country. There need additional studies will focus other jurisdictions. recommends targeted continuous learning especially precise goals implement comprehensive strategic plan how efficiently allocate prioritize resources. further reiterate not only hire professionals but encourage them up teams within their various business units. role these should include; evaluation project risk return, utilization technological innovations improve operational adoption driven decision making policies. emphasizes importance isolating individual from general contribution specific quality Keywords: Efficiency, Disclosure Quality, Listed Firms