scholarly journals Influence of Corporate Control on Capital Structure for Companies Listed at the Nairobi Securities Exchange

2019 ◽  
Vol 11 (2) ◽  
pp. 68
Author(s):  
David Onguka ◽  
Eramus S. Kaijage ◽  
Cyrus M. Iraya ◽  
Sifunjo E. Kisaka
Keyword(s):  
Capital Structure ◽  
Corporate Control ◽  
Descriptive Statistics ◽  
Trade Off ◽  
Wealth Maximization ◽  
Listed Firms ◽  
Research Findings ◽  
The Impact ◽  
The Relationship

This study aimed at determining the impact of corporate control on capital structure of Nairobi Securities listed firms. Capital structure decision contribute significantly to creating and growing firm’s value and wealth maximization for shareholders while corporate control is believed to be key influencer of the quality of such decision. The paper tested the hypothesis that there is no significant influence of corporate control on capital structure. Trade-off theory is the anchoring theory. Regression analysis and correlation analysis were applied to test the hypotheses. The key study variables of the listed companies were subjected to descriptive statistics and the results revealed a significant positive linkage between the variables. The findings were in line with previous research findings and also provided further insight on the impact of self-determining variable, corporate control on the capital structure. The study has also applied important mechanism in CCI to study the influence of corporate control on capital structure which has provided new insight on the relationship thereby enriching the result.

The model of HRM-trust-commitment relationships

2015 ◽  
Vol 115 (8) ◽  
pp. 1457-1480 ◽  
Author(s):  
Dagmara Lewicka ◽  
Katarzyna Krot
Keyword(s):  
Structural Equation ◽  
Affective Commitment ◽  
Content Type ◽  
Calculative Commitment ◽  
Starting Point ◽  
Research Findings ◽  
Organisational Trust ◽  
The Impact ◽  
The Relationship

Purpose – It is worth focusing on the examination of factors influencing the quality of the work environment. The purpose of this paper is to verify the influence of the HRM system and organisational trust on employee commitment. Design/methodology/approach – The survey was conducted in Poland among 370 employees in organisations from two sectors of the economy: services and industry. The verification of the theoretical model was performed based on structural equation modelling. Findings – Research findings made it possible to successfully verify the model of the relationship between the HRM system (practices, process), organisational trust and commitment. The starting point for trust in an organisation followed by commitment is the HRM system. It seems that the impact of the HRM process on creating organisational trust is higher. Research findings have also confirmed a relationship between each type of organisational trust and calculative commitment based on benefits, which is a strong determinant of affective commitment. Organisational trust is, therefore, an intermediary factor because the organisation must build trust in employees first before they become affectively committed. Originality/value – Current studies have not examined the issue of a mutual relationship between three constructs: perceived HRM practices and process, organisational trust and commitment. What is more, previous research was confined to the constructs analysed holistically without considering their complexity (different types of trust and commitment). In addition, the authors attempted to enrich Allen and Mayer’s (1991) model with a new aspect of the commitment – calculative, which is linked to the benefits received by employees. The authors also identified the mediating influence of the trust and calculative commitment onto the affective commitment.

scholarly journals Capital Structure and Firm Performance in Nigerian-Listed Companies

2016 ◽  
Vol 8 (3(J)) ◽  
pp. 54-74 ◽  
Author(s):  
Matthew Adeolu Abata ◽  
Stephen Oseko Migiro
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Negative Relationship ◽  
Debt Financing ◽  
Descriptive Statistics ◽  
The Other ◽  
Listed Firms ◽  
Business Failures ◽  
The Relationship

a number of business failures have not been reported in Nigeria arising from inability to payback nor does service debts .This paper empirically investigate the relationship between capital structure and firm performance in the Nigerian listed firms. A sample of 30listed firms out of a population of 173 were examined from 2005 to 2014 using multiple regression tools. Two hypotheses were formulated and tested using descriptive statistics and an econometric panel data technique to analyze the gathered data. An insignificantly negative correlation was found between financial leverage and ROA on one hand and a significantly negative relationship between debt/equity mix and ROE on the other hand. It is therefore recommended that firms should use long term liabilities to finance firm’s activities and mix debt/equity appropriately by ensuring that debt financing ratio is lower to enhance corporate performance and survival.

scholarly journals Impact of Capital Structure on Profitability:An empirical analysis of listed firms in India

2018 ◽  
Vol 7 (2) ◽  
pp. 1-6
Author(s):  
Atif Ghayas ◽  
Javaid Akhter
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Short Term ◽  
Return On Equity ◽  
Listed Firms ◽  
Relationship Capital ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

This study aims to empirically examine and analyze the impact of capital structure decision on the firm’s profitability by using a sample of 35 Indian pharmaceutical companies listed on Bombay Stock Exchange (BSE) during the period of 5 years from 2012 to 2016. Regression Analysis is used to measure the extent and nature of the relationship. Capital structure variables used in the study are ratio of long-term debt to total assets (LDA), ratio of short-term debt to total assets (SDA) and ratio of Total debt to total assets (DA) while profitability has been measure by Return on Equity (ROE). Firms Size (SIZE)and Salesgrowth(GROW) are also used as control variables. Results reveal a positive effect of SDA and DA on ROE, while a weak-to-no effect was found of LDA on ROE.

Profits, financial leverage and corporate governance

2019 ◽  
Vol 16 (2) ◽  
pp. 203-223
Author(s):  
Umar Butt
Keyword(s):  
Capital Structure ◽  
Good Governance ◽  
Governance Structures ◽  
Trade Off ◽  
Content Type ◽  
Endogenous Regressors ◽  
Standard Design ◽  
Fama And French ◽  
The Impact ◽  
The Relationship

Purpose The purpose of this paper is to identify the impact of governance structures in defining the relationship between profits and leverage. Design/methodology/approach The paper uses the standard design used by Fama and French (2002) and employs it under different governance structures. It is the first to identify the endogenous nature of the relationship between profits and leverage, compounded by the endogeneity of governance. The paper uses the instrumental variable (IV) technique to control for endogeneity and recommends a novel approach to control for multiple endogenous regressors. Findings The results demonstrate that firms operating under good governance verify the predictions of the trade-off theory of capital structure and that the evidence of negative relation in the literature is a subset of management inefficiency. The results are consistent after controlling for endogeneity and are robust to alternative iteration of governance. The activity in debt issuance and retirement supports the conclusion that firms with good governance structures actively seek an optimal capital structure corresponding to profits. Originality/value This study adds value to existing literature. It is the first to identify the importance of governance in defining the relationship between profits and leverage. It recognizes unaccounted endogeneity concerns and employs an inspired IV approach to control for feedback from multiple endogenous regressors. Evidence for capital structure adjustment by firms with good governance is also substantiated. Lastly, the first unqualified evidence for the trade-off model is provided.

scholarly journals The impact of foreign workforces on selected aspects of economic development of society

2021 ◽  
Vol 92 ◽  
pp. 07057
Author(s):  
Viktor Šoltés ◽  
Katarína Repková Štofková ◽  
Filip Lenko
Keyword(s):  
Value Added ◽  
Social Disparities ◽  
Employment Policy ◽  
Public Authorities ◽  
Economic Area ◽  
Research Findings ◽  
The Creation ◽  
The Impact ◽  
The Relationship

Research background: The process of globalization brought changes in society that are manifesting themselves in many areas. One of the areas in which the greatest changes occurs is the socio-economic area. The development of society, which is associated with increasing competitiveness, the creation of new job positions, rising wages, and thus the quality of citizens’ life, can be examined through various indicators. The creation of new job positions brings with it changes in the labor market, especially in its opening for the arrival of foreign employees. Purpose of the article: The purpose of the article is to point out the relationship between the development of society and the migration of the population for work. To this purpose, it is necessary to examine the development of foreigners’ employment in selected regions and the impact of this employment on the development of regional gross domestic product, wages of employees, household expenditure and other indicators. Methods: The development of regional disparities in the context of regional development will be examined through descriptive statistics and other coefficients measuring social disparities, such as the Gini coefficient. Subsequently the dependence between the employment of foreigners and individual indicators can be examined. Findings & Value added: Research findings can be used to support the development of the least developed regions and to increase their competitiveness. The findings can thus be used not only by public authorities (in the case of state support), but also by employers from the private sector (employment policy).

scholarly journals Capital Structure and Firm Growth in China

2019 ◽  
Vol 6 (6) ◽  
pp. 30
Author(s):  
Yan Zhao ◽  
Zhiqiang Ye
Keyword(s):  
Capital Structure ◽  
Firm Growth ◽  
High Growth ◽  
High Tech ◽  
Financing Constraints ◽  
External Financing ◽  
Listed Firms ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

Using dynamic GMM method with data from 2003 to 2015, we propose a growth hypothesis of capital structure of Chinese firms, that is, higher growth leads to higher financial leverage. The paper further investigates the impact of external financing constraints on the relationship of growth and leverage, and shows that the firm with tighter financing constraints has a stronger relation between growth and leverage. Finally, the robustness test is conducted in the high-tech industries with financial constraints and high growth. The conclusions of this paper have important implications for both the listed firms and the market regulators.

scholarly journals Developing a Fall Detection Technology for Mobility and System Level

2019 ◽  
Vol 8 (S2) ◽  
pp. 13-16
Author(s):  
S. Divya
Keyword(s):  
Fall Detection ◽  
Embedded Sensors ◽  
System Level ◽  
Accelerometer Data ◽  
Trade Off ◽  
Detection Algorithms ◽  
Detection Technology ◽  
The Impact ◽  
The Relationship

Smartphone’s are programmable and embed various sensors; these phones have the potential to change the way how healthcare is delivered. Fall detection is definitely one of the possibilities. Injuries due to falls are dangerous, especially for elderly people, diminishing the quality of life or even resulting in death. This study presents the implementation of a fall detection prototype for the Android-based platform. The proposed system has three components: sensing the accelerometer data from the mobile embedded sensors, learning the relationship between the fall behavior and the collected data, and alerting preconfigured contacts through message while detecting fall. We adopt different fall detection algorithms and conduct various experiments to evaluate performance. The results show that the proposed system can recognize the fall from human activities, such as sitting, walking and standing, with 72.22% sensitivity and 73.78% specificity. The experiment also investigates the impact of different locations where the phone attached. In addition, this study further analyzes the trade-off between sensitivity and specificity and discusses the additional powers consumption of the devices.

THE IMPLEMENTATION OF ISO 9001:2015 TO IMPROVE QUALITY OF SERVICE AT PUSAT KESIHATAN UNIVERSITI (PKU), UNIVERSITI UTARA MALAYSIA(UUM)

2018 ◽  
Vol 13 (Number 2) ◽  
pp. 67-77
Author(s):  
Anis Syamimi Abd Rahim ◽  
Mohd Norhasni Mohd Asaad
Keyword(s):  
Quality Of Service ◽  
Customer Satisfaction ◽  
Descriptive Statistics ◽  
Iso 9001 ◽  
Quality Of Services ◽  
Research Questions ◽  
Spss Software ◽  
The Relationship ◽  
Universiti Utara Malaysia

The purpose of this study is to review the implementation of ISO 9001:2015 in order to improve the quality of services at Pusat Kesihatan Universiti (PKU), Universiti Utara Malaysia. The respondents of this study were customers at the PKU, UUM. The questionnaire was distributed to 50 respondents. The data were analyzed using SPSS software version 24. The data were tested using descriptive statistics, and correlation analysis to answer the research questions and to achieve the objectives. The findings show that customers agree that implementation of ISO 9001:2015 give service at PKU, UUM is good and satisfied. Through the correlation test, the results showed that the relationship between the implementation of ISO 9001:2015 has a positive and significant impact on customer satisfaction and the effect of implementing ISO 9001:2015 has a positive and significant impact in improving quality of service at PKU, UUM.Through mean and standard deviation tests, results show that tangible dimensions are the main dimensions of customer satisfaction while dimensions with low values are dimensions of responsiveness.Therefore, all aspects of service in PKU, UUM will be strengthened and all aspects of the weaknesses could be addressed to improve the service in order to maintain good quality services.

The Impact of Competitive Quasi-Market on Service Delivery in Benue State University, Makurdi Nigeria

GIS Business ◽  
2019 ◽  
Vol 14 (4) ◽  
pp. 85-98
Author(s):  
Idoko Peter
Keyword(s):  
Service Delivery ◽  
A Priori ◽  
Least Square ◽  
Secondary Source ◽  
State University ◽  
Ordinary Least Square ◽  
Negative Effect ◽  
The Impact ◽  
The Relationship

This research the impact of competitive quasi market on service delivery in Benue State University, Makurdi Nigeria. Both primary and secondary source of data and information were used for the study and questionnaire was used to extract information from the purposively selected respondents. The population for this study is one hundred and seventy three (173) administrative staff of Benue State University selected at random. The statistical tools employed was the classical ordinary least square (OLS) and the probability value of the estimates was used to tests hypotheses of the study. The result of the study indicates that a positive relationship exist between Competitive quasi marketing in Benue State University, Makurdi Nigeria (CQM) and Transparency in the service delivery (TRSP) and the relationship is statistically significant (p<0.05). Competitive quasi marketing (CQM) has a negative effect on Observe Competence in Benue State University, Makurdi Nigeria (OBCP) and the relationship is not statistically significant (p>0.05). Competitive quasi marketing (CQM) has a positive effect on Innovation in Benue State University, Makurdi Nigeria (INVO) and the relationship is statistically significant (p<0.05) and in line with a priori expectation. This means that a unit increases in Competitive quasi marketing (CQM) will result to a corresponding increase in innovation in Benue State University, Makurdi Nigeria (INVO) by a margin of 22.5%. It was concluded that government monopoly in the provision of certain types of services has greatly affected the quality of service experience in the institution. It was recommended among others that the stakeholders in the market has to be transparent so that the system will be productive to serve the society effectively

KONFLIK DAN KINERJA KARYAWAN

2018 ◽  
Vol 3 (3) ◽  
pp. 431-440
Author(s):  
Santi Retno Sari
Keyword(s):  
Leadership Style ◽  
Structural Equation ◽  
Employee Performance ◽  
Equation Modeling ◽  
Managerial Practices ◽  
Research Findings ◽  
Job Levels ◽  
The Impact ◽  
The Relationship ◽  
Practical Implications

The purpose of this paper is to examine the relationships to which leadership style (task and relations oriented leadership) moderate the impact of conflict on employee performance. Data were collected from 92 employees in different job levels. Partial least squares variance-based structural equation modeling (PLS-SEM) was used to test the relationship in the models. The results showed that task and relation conflict was associated with employee performance. The research findings also showed that leadership styles moderated the relationship between conflict and employee performance. This study offers implications for managerial practices. Practical implications and suggestions described in the paper Keywords: leadership style, conflict, performance.

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