FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3208604080> ?p ?o ?g. }

• W3208604080 abstract "The main objective of this study was to determine the relationship of financial leverage on financial efficacy of the Kenya manufacturing companies listed in Nairobi securities exchange over a period of seven (7) years (2011 – 2017). Specifically, the study sought to examine the effect of debt financing on financial efficacy of listed manufacturing companies in Kenya and to investigate the effect of firm’s size as a moderating variable on the relationship between financial leverage and Financial efficacy of manufacturing firms in Kenya. The study was based on Modigliani and Miller Proposition I and II, the trade-off theory, pecking order theory and the agency theory. The research adopted a descriptive research design. The target population for the study was staff members of the listed manufacturing firms in Kenya. The target constituted respondents from, accounting department, finance department, Auditing and Assurance Department and Monitoring and Evaluation Department of listed manufacturing firms in Nairobi securities exchange in Kenya. A sample of 106 respondents was selected by use of stratified random sampling. Data was collected through a structured questionnaire. Both descriptive and inferential statistics were used to analyze the data. Data presentation was done by the use of charts and tables for ease of understanding and interpretation. Both primary and secondary data were used. Pilot study was conducted by the researcher taking some questionnaires to the listed manufacturing firms head offices in Kenya. From this pilot study, the researcher was able to detect questions that need editing and those that will be ambiguous. The study used Cronbach (Alpha – α) model to test the internal consistency with the alpha coefficient of above 0.7 being considered reliable. To establish the validity of the research, instrument the research pursued the opinions of experts in the survey of study especially the researcher’s supervisors. Quantitative and qualitative data that were collected using questionnaires and the questionnaires were inspected for errors and gaps before issuing to the respondents. The findings revealed that debt financing, equity financing and retained earning positively and significantly influenced financial efficiency among the listed manufacturing firms. As well, firm size positively moderated the relationship between financial leverage (debt financing, equity financing and retained earnings) and financial efficacy of the manufacturing firms. The study recommended for firms to put in place modalities for determining and evaluating the optimal sources of business finance. Once this is done, the purpose of borrowing funds needs to be defined at the onset and a scoring system should be in place for evaluating the viability of the sources of debt for firms. Also, emphasis needs to be on ensuring that equity financing is in line with the objectives of the firm. Finally, there is need for firms to only retain earning on occasions when there are investment projects that are likely to enhance financial efficacy." @default.
• W3208604080 created "2021-11-08" @default.
• W3208604080 creator A5057984787 @default.
• W3208604080 creator A5074774813 @default.
• W3208604080 creator A5082475278 @default.
• W3208604080 date "2020-12-31" @default.
• W3208604080 modified "2023-09-24" @default.
• W3208604080 title "Debt Financing and Financial Efficacy of Listed Manufacturing Companies in Kenya" @default.
• W3208604080 doi "https://doi.org/10.24940/theijbm/2020/v8/i12/bm2012-020" @default.
• W3208604080 hasPublicationYear "2020" @default.
• W3208604080 type Work @default.
• W3208604080 sameAs 3208604080 @default.
• W3208604080 citedByCount "0" @default.
• W3208604080 crossrefType "journal-article" @default.
• W3208604080 hasAuthorship W3208604080A5057984787 @default.
• W3208604080 hasAuthorship W3208604080A5074774813 @default.
• W3208604080 hasAuthorship W3208604080A5082475278 @default.
• W3208604080 hasBestOaLocation W32086040801 @default.
• W3208604080 hasConcept C10138342 @default.
• W3208604080 hasConcept C105795698 @default.
• W3208604080 hasConcept C106906290 @default.
• W3208604080 hasConcept C119857082 @default.
• W3208604080 hasConcept C120527767 @default.
• W3208604080 hasConcept C121955636 @default.
• W3208604080 hasConcept C144024400 @default.
• W3208604080 hasConcept C144133560 @default.
• W3208604080 hasConcept C149923435 @default.
• W3208604080 hasConcept C153083717 @default.
• W3208604080 hasConcept C162853370 @default.
• W3208604080 hasConcept C199521495 @default.
• W3208604080 hasConcept C2780378061 @default.
• W3208604080 hasConcept C2908647359 @default.
• W3208604080 hasConcept C33923547 @default.
• W3208604080 hasConcept C39896193 @default.
• W3208604080 hasConcept C41008148 @default.
• W3208604080 hasConcept C49898467 @default.
• W3208604080 hasConceptScore W3208604080C10138342 @default.
• W3208604080 hasConceptScore W3208604080C105795698 @default.
• W3208604080 hasConceptScore W3208604080C106906290 @default.
• W3208604080 hasConceptScore W3208604080C119857082 @default.
• W3208604080 hasConceptScore W3208604080C120527767 @default.
• W3208604080 hasConceptScore W3208604080C121955636 @default.
• W3208604080 hasConceptScore W3208604080C144024400 @default.
• W3208604080 hasConceptScore W3208604080C144133560 @default.
• W3208604080 hasConceptScore W3208604080C149923435 @default.
• W3208604080 hasConceptScore W3208604080C153083717 @default.
• W3208604080 hasConceptScore W3208604080C162853370 @default.
• W3208604080 hasConceptScore W3208604080C199521495 @default.
• W3208604080 hasConceptScore W3208604080C2780378061 @default.
• W3208604080 hasConceptScore W3208604080C2908647359 @default.
• W3208604080 hasConceptScore W3208604080C33923547 @default.
• W3208604080 hasConceptScore W3208604080C39896193 @default.
• W3208604080 hasConceptScore W3208604080C41008148 @default.
• W3208604080 hasConceptScore W3208604080C49898467 @default.
• W3208604080 hasIssue "12" @default.
• W3208604080 hasLocation W32086040801 @default.
• W3208604080 hasLocation W32086040802 @default.
• W3208604080 hasOpenAccess W3208604080 @default.
• W3208604080 hasPrimaryLocation W32086040801 @default.
• W3208604080 hasRelatedWork W22547170 @default.
• W3208604080 hasRelatedWork W29925891 @default.
• W3208604080 hasRelatedWork W30987535 @default.
• W3208604080 hasRelatedWork W34579448 @default.
• W3208604080 hasRelatedWork W38646360 @default.
• W3208604080 hasRelatedWork W45726857 @default.
• W3208604080 hasRelatedWork W50023558 @default.
• W3208604080 hasRelatedWork W50973400 @default.
• W3208604080 hasRelatedWork W8111938 @default.
• W3208604080 hasRelatedWork W9390518 @default.
• W3208604080 hasVolume "8" @default.
• W3208604080 isParatext "false" @default.
• W3208604080 isRetracted "false" @default.
• W3208604080 magId "3208604080" @default.
• W3208604080 workType "article" @default.