UGC CARE norms ugc approved journal norms IJRTI Research Journal

WhatsApp
Click Here

International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.14 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)

Call For Paper

For Authors

Forms / Download

Published Issue Details

Editorial Board

Other IMP Links

Facts & Figure

Impact Factor : 8.14

Issue per Year : 12

Volume Published : 8

Issue Published : 81

Article Submitted : 5865

Article Published : 3236

Total Authors : 8222

Total Reviewer : 541

Total Countries : 72

Indexing Partner

Licence

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Published Paper Details
Paper Title: PORTFOLIO RESTRUCTURING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN KENYA
Authors Name: NGATIA WINNIE MURUGI , Dr. ATIENO MARGARET , DR. OUMA DENIS
Download E-Certificate: Download
Author Reg. ID:
IJRTI_184473
Published Paper Id: IJRTI2211010
Published In: Volume 7 Issue 11, November-2022
DOI:
Abstract: Manufacturing firms have put in place financial restructuring strategies such as adopting no portfolio in order to use internal funds to finance investments and thus reduce debt burden but despite that have continued to experience declined financial performance. The study sought to evaluate the effect of portfolio restructuring on financial performance of listed manufacturing firms in Kenya. The study was anchored on Markowitz modern portfolio theory. Longitudinal research design was embraced on a population of all the eight manufacturing firms listed on Nairobi Securities Exchange in financial years 2012 to 2021. Data was collected using secondary data collection sheet from audited financial statements and annual reports. Panel data was analyzed using STATA. Simple linear regression was used to establish the relationship between portfolio restructuring and financial performance. Pearson’s product moment correlation established a positive and significant relationship between portfolio restructuring and financial performance. The regression coefficient estimate of portfolio restructuring was (β =0.41, t=-2.46, p value = 0.016). It was concluded that portfolio restructuring had a positive and significant influence on financial performance of listed manufacturing firms in Kenya. It was hence recommended that manufacturing firms ought to minimize on debt usage and also look for the optimal mix of debt and equity in order to drive financial performance in the desired direction.
Keywords: portfolio restructuring, financial performance, manufacturing firms.
Cite Article: "PORTFOLIO RESTRUCTURING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN KENYA", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 11, page no.62 - 67, November-2022, Available :http://www.ijrti.org/papers/IJRTI2211010.pdf
Downloads: 000202332
ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2211010
Registration ID:184473
Published In: Volume 7 Issue 11, November-2022
DOI (Digital Object Identifier):
Page No: 62 - 67
Country: KAIMOSI, KENYA, Kenya
Research Area: Commerce
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2211010
Published Paper PDF: https://www.ijrti.org/papers/IJRTI2211010
Share Article:

Click Here to Download This Article

Article Preview
Click Here to Download This Article

Major Indexing from www.ijrti.org
Google Scholar ResearcherID Thomson Reuters Mendeley : reference manager Academia.edu
arXiv.org : cornell university library Research Gate CiteSeerX DOAJ : Directory of Open Access Journals
DRJI Index Copernicus International Scribd DocStoc

ISSN Details

ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

DOI (A digital object identifier)


Providing A digital object identifier by DOI.ONE
How to Get DOI?

Conference

Open Access License Policy

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Creative Commons License This material is Open Knowledge This material is Open Data This material is Open Content

Important Details

Social Media

Join RMS/Earn 300

IJRTI

Indexing Partner