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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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| Paper Title: | PORTFOLIO RESTRUCTURING AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING FIRMS IN KENYA |
| Authors Name: | NGATIA WINNIE MURUGI , Dr. ATIENO MARGARET , DR. OUMA DENIS |
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IJRTI_184473
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| Published Paper Id: | IJRTI2211010 |
| Published In: | Volume 7 Issue 11, November-2022 |
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| 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 |
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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 |
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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 |
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ISSN: 2456-3315
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