期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2022
卷号：26
期号：3
页码：1-12
语种：English
出版社：The DreamCatchers Group, LLC
摘要：Risks which sometime are from outside the business can only be controlled but when not properly controlled could bring about business failure. The study evaluated the effect of investment risk on the financial performance of brewery firms in selected Sub Saharan African Countries. Ex-post facto research design was adopted for the study as secondary data collected were subjected to analysis using Ordinary Least Square and General Method of Moments (GMM) after preliminary test using Sargan Test. It was revealed that inflation risk, exchange rate risk, liquidity risk, interest rate and political risk affect negatively the return on asset. This implies that investment risks are detrimental to firm performance. the study concluded that for firms to be in operation and succeed investment risks should be carefully studied and measures to reduce their negative effect put in place. It was recommended that during foreign transaction/operation currency hedge should be explored to guide against negative exchange rate fluctuation and its attendant consequences amongst others.
关键词：Investment Risks;Interest Rate;Exchange Rate;Liquidity Rate;Political Risk Return on Assets;Financial Performance;Sub Saharan African Countries
