FOREIGN INVESTMENT RISK ON FINANCIAL PERFORMANCE OF PENSION FUND FIRMS IN KENYA

The main objective was to analyze the influence of foreign investment risk on financial performance pension fund firms in Kenya. study guided by shiftability theory liquidity, efficient market hypothesis theory, portfolio balance and enterprise management theory. These theories explained effect (liquidity risk, exchange operational risk) This comprised 29 registered administrators, 24 managers 16 actuaries/ scheme advisors as at 31 st Jan 2022 classified RBA (2022). sample size for this obtained using stratified random sampling method. used primary data collected through use questionnaires . also utilized secondary from published reports statements funds PFAIs’ Website, RBA, schemes. researcher self-introduction letters gain entry into organizations. A pilot conducted order establish validity reliability questionnaire. In study, Cronbach’s alpha test all measures both construct content validity. Data analysis aims objectives research measurement that collected. Quantitative were analysed SPSS version 28 where relationships between variables assessed correlation regression analysis. findings form tables, percentages tabulations. results indicated liquidity negatively influenced Therefore, concluded risks affected recommended should adopt practices protect earning fluctuations put place conventional they proactive forewarned division with scale nature business its profile. Key Words: market, exchange, CITATION: Mahmoud, M. H., & Wamiori, G. Foreign Strategic Journal Business Change Management, 9 (4), 440 - 461.