Matches in SemOpenAlex for { <https://semopenalex.org/work/W4206735367> ?p ?o ?g. }
Showing items 1 to 67 of
67
with 100 items per page.
- W4206735367 abstract "Operational efficiency has attracted much interest in corporate finance literature over several decades. However, in the context of the agricultural sector, it has received little attention in developing economies such as Kenya. Operational efficiency and performance of Agricultural firms listed at the Nairobi securities Exchange have been fluctuating over the years. This is partly attributed to specific firm characteristics. The objective of this study was to determine the relationship between firm characteristics and operational efficiency of agricultural firms listed at Nairobi securities Exchange. The study was anchored on trade off theory, liquidity preference theory, agency theory, miller and Orr’s cash management model. The target population was 7 agricultural companies listed at Nairobi securities exchange. The study used audited financial statements’ secondary data collected from 2011 to 2020. Data was analysed using descriptive statistics, correlation analysis and panel data regression analysis with the help of STATA version 13. The study found out that there was a significant negative relationship between asset tangibility, firm size and operational efficiency of agricultural companies listed at Nairobi securities exchange. Further, there is a significant positive relationship between cash reserves and operational efficiency of agricultural firms listed at Nairobi securities exchange. This study recommends that management of agricultural companies listed at Nairobi securities exchange should pay attention on asset tangibility, firm size and cash reserves because they have a significant relationship with operational efficiency. Firms can utilize productive assets as collateral for debt without incurring high borrowing costs. The firm size should be optimal because very large firms are characterised by inefficiencies due to control weaknesses. Policy makers should incorporate factors such as asset tangibility, firm size and cash reserves in their strategic plans. Keywords : Operational efficiency, firm characteristics, firm size, liquidity, asset tangibility and cash reserves. DOI: 10.7176/RJFA/12-24-01 Publication date: December 31 st 2021" @default.
- W4206735367 created "2022-01-26" @default.
- W4206735367 date "2021-12-01" @default.
- W4206735367 modified "2023-10-18" @default.
- W4206735367 title "Firm Characteristics and Operational Efficiency of Agricultural Firms Listed at Nairobi Securities Exchange in Kenya" @default.
- W4206735367 doi "https://doi.org/10.7176/rjfa/12-24-01" @default.
- W4206735367 hasPublicationYear "2021" @default.
- W4206735367 type Work @default.
- W4206735367 citedByCount "0" @default.
- W4206735367 crossrefType "journal-article" @default.
- W4206735367 hasBestOaLocation W42067353671 @default.
- W4206735367 hasConcept C10138342 @default.
- W4206735367 hasConcept C105795698 @default.
- W4206735367 hasConcept C120527767 @default.
- W4206735367 hasConcept C121955636 @default.
- W4206735367 hasConcept C144133560 @default.
- W4206735367 hasConcept C151730666 @default.
- W4206735367 hasConcept C162324750 @default.
- W4206735367 hasConcept C162853370 @default.
- W4206735367 hasConcept C183582576 @default.
- W4206735367 hasConcept C2777910564 @default.
- W4206735367 hasConcept C2778083465 @default.
- W4206735367 hasConcept C2778964270 @default.
- W4206735367 hasConcept C2779343474 @default.
- W4206735367 hasConcept C33923547 @default.
- W4206735367 hasConcept C38652104 @default.
- W4206735367 hasConcept C39896193 @default.
- W4206735367 hasConcept C41008148 @default.
- W4206735367 hasConcept C73283319 @default.
- W4206735367 hasConcept C76178495 @default.
- W4206735367 hasConcept C86803240 @default.
- W4206735367 hasConceptScore W4206735367C10138342 @default.
- W4206735367 hasConceptScore W4206735367C105795698 @default.
- W4206735367 hasConceptScore W4206735367C120527767 @default.
- W4206735367 hasConceptScore W4206735367C121955636 @default.
- W4206735367 hasConceptScore W4206735367C144133560 @default.
- W4206735367 hasConceptScore W4206735367C151730666 @default.
- W4206735367 hasConceptScore W4206735367C162324750 @default.
- W4206735367 hasConceptScore W4206735367C162853370 @default.
- W4206735367 hasConceptScore W4206735367C183582576 @default.
- W4206735367 hasConceptScore W4206735367C2777910564 @default.
- W4206735367 hasConceptScore W4206735367C2778083465 @default.
- W4206735367 hasConceptScore W4206735367C2778964270 @default.
- W4206735367 hasConceptScore W4206735367C2779343474 @default.
- W4206735367 hasConceptScore W4206735367C33923547 @default.
- W4206735367 hasConceptScore W4206735367C38652104 @default.
- W4206735367 hasConceptScore W4206735367C39896193 @default.
- W4206735367 hasConceptScore W4206735367C41008148 @default.
- W4206735367 hasConceptScore W4206735367C73283319 @default.
- W4206735367 hasConceptScore W4206735367C76178495 @default.
- W4206735367 hasConceptScore W4206735367C86803240 @default.
- W4206735367 hasLocation W42067353671 @default.
- W4206735367 hasOpenAccess W4206735367 @default.
- W4206735367 hasPrimaryLocation W42067353671 @default.
- W4206735367 hasRelatedWork W1264301823 @default.
- W4206735367 hasRelatedWork W1555033379 @default.
- W4206735367 hasRelatedWork W2162695720 @default.
- W4206735367 hasRelatedWork W2241945652 @default.
- W4206735367 hasRelatedWork W2350683923 @default.
- W4206735367 hasRelatedWork W2609981638 @default.
- W4206735367 hasRelatedWork W3017336060 @default.
- W4206735367 hasRelatedWork W3124384327 @default.
- W4206735367 hasRelatedWork W3183244403 @default.
- W4206735367 hasRelatedWork W4255424378 @default.
- W4206735367 isParatext "false" @default.
- W4206735367 isRetracted "false" @default.
- W4206735367 workType "article" @default.