Asian Journal of Economics, Business and Accounting最新文献

{"title":"Effects of Stakeholder’s Management in Public Private Partnership on Implementation of Affordable Housing Projects in Meru County, Kenya","authors":"Zipporah Muthoni, Robert Obuba","doi":"10.9734/ajeba/2023/v23i221147","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221147","url":null,"abstract":"More than half of the world's population of over six billion people reside in urban areas, placing increasing responsibility on governments to provide fundamental human necessities, including housing. This challenge is particularly pronounced in Kenya, where many County Government PPP affordable housing initiatives have either failed or been stalled. Both National and County Governments have experienced difficulties in executing these projects, reflecting the nascent stage of PPP application in many underprivileged countries. In Meru County, the Affordable Housing Project (AHP) employs PPP, primarily in the form of joint ventures. This approach distinguishes it from other existing projects and generates a knowledge gap regarding the assessment of the impact of public-private partnerships on the implementation of affordable housing initiatives in this region. The aim of this research was to explore the effects of stakeholder’s management in public private partnership on implementation of affordable housing projects in Meru County, Kenya. Guided by stakeholder theory, the study employed a descriptive research design, collecting data through a structured questionnaire. A proportionate stratified random sampling method was used to select the study sample from County officials, non-governmental organization managers, development partners' managers, and household heads from selected study areas where the projects have been initiated, notably in the Buri, Maweni, Mjini, and Makandara wards. A total of 395 questionnaires were issued to the sampled respondents from a total target of 31978 who included the stakeholders in affordable housing project estates in Meru County that included county official managers in DoLPH (15), NGO’s managers (25), development partners’ managers (5) engaged in affordable housing and household heads (350). The collected data was analyzed and results presented in tables and figures, the qualitative information was presented in prose.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"33 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135934330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Cost of Capital and Investment Decision of Non-Financial Firms Listed at Nairobi Securities Exchange, Kenya","authors":"Masha F. Kennedy, Nyaga Njagi Gilbert","doi":"10.9734/ajeba/2023/v23i221144","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221144","url":null,"abstract":"The main purpose of the study was to assess the influence of cost of capital on investment decision of non-financial firms listed at the Nairobi Securities Exchange, Kenya. The study employed the theory of Modern Portfolio and The trade-off theory. The study employed descriptive research design. The study was carried out at firms listed at the NSE, Kenya with a population of 46 non-financial firms listed at the Nairobi Securities Exchange (NSE) as at December 2019. A census of 46 non-financial firms was considered. Secondary data was collected from annual reports of the non-financial companies listed at NSE and the NSE handbooks. Expert opinion was used to ensure data validity and reliability. The data was analyzed descriptively by means and the standard deviation, while multiple regression analysis was used to establish the influence between the variables. Regression results showed that cost of equity has a positive effect on financial performance as measured by Return on Assets (β = 0.2737, p = 0.0000); cost of preference shares affects investment decision negatively and significantly (β = -0.2430, p = 0.0015), and that the effect of cost of debt on investment decision is significantly positive (β = 0.2934, p = 0.0000). Given from the findings of the study that less than 34% of variations can be attributed to the cost of capital on investment decisions for the listed non-financial firms, this study has proved that effective working capital management practices will play a crucial role in improving the overall profit margins for the listed non-financial firms at NSE. In conclusion, cost of debt is a significant positive contributor to the investment decision of the non-financial listed firms at the NSE. The debts are essential when the firm is lacking finance in running its daily expenditure smoothly. The NSE and other regulating authorities such as the Capital Markets Authority (CMA) should therefore ensure that policies are put in place to help the firms manage their cost of capital efficiently. These policies must be in line with the Sustainable Development Goals (SDGs). These policies may include availing access to credit facilities and promoting trading in shares of the listed firms and these policies should be integrated with SDGs, which recognizes that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135320454","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Traditional Managerial Accounting Techniques and Organizational Performance in Nigeria","authors":"Olayode Omorayewa Adelana","doi":"10.9734/ajeba/2023/v23i221145","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221145","url":null,"abstract":"Considering the high rate of competitive activities among organizations today, an organization can retain its share in the global market only by good performance. Organization can enhance its performance through motivation, ability, roles and situation. Some scholars are of the opinion that some traditional managerial accounting techniques are still useful for organization’s performance. The study therefore seeks to examine the impact of traditional managerial accounting techniques on organizational performance in Nigeria. The study adopted structured questionnaire for data collection. Test of hypotheses was carried out through Covariate analysis (ANCOVA). The study found that some traditional managerial accounting techniques have significant effects on organizational performance in Nigeria. To this end, the study recommends that some traditional managerial accounting techniques can still be adopted for organizational performance in Nigeria. The study concluded that only the most relevant traditional managerial accounting techniques should be adopted for organizational activities.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"67 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135321452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Leadership in Strategic Planning on Performance of Faith Based Health Care Institutions in Meru County, Kenya","authors":"Lydiah Karambu, Robert Obuba","doi":"10.9734/ajeba/2023/v23i221142","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221142","url":null,"abstract":"The primary objective of this study was to investigate the impact of strategic planning drivers on the performance of faith-based healthcare institutions in Meru County, Kenya. There were four specific objectives: to assess the influence of leadership in strategic planning, environmental scanning, stakeholder involvement, and the strategic planning formulation process on the performance of faith-based healthcare institutions in Meru County, Kenya. The research drew upon the Strategic Fit Theory, Porter's Competitive Advantage Theory, and Institutional Theory. Adopting a descriptive research design, the study targeted 421 employees across 23 faith-based healthcare institutions in Meru County. Using Yamane's formula for categorical data, the study focused on a sample size of 205 respondents. Quantitative data was collected through questionnaires distributed to respondents using a drop-and-pick method, while qualitative data was gathered from hospital administrators using an interview guide. The study employed frequencies, means, and standard deviation to present descriptive results. For inferential statistics, correlation analysis, regression analysis, and analysis of variance were used. The study's results revealed a positive and significant correlation between leadership, environmental scanning, stakeholder involvement, the strategy formulation process, and the organizational performance of faith-based healthcare institutions in Meru County. Regression analysis indicated that strategic planning drivers accounted for 59.5% of the variance in organizational performance. The study found that stakeholder involvement did not exert a significant influence on the performance of faith-based healthcare institutions. As a recommendation, the study suggests that faith-based healthcare institutions should enhance their strategic planning by strengthening collaborations with stakeholders, improving resource mobilization, evaluating threats and opportunities, and involving employees in the strategic planning formulation process. Additionally, the study recommends further research to assess the impact of the internal organizational environment on the performance of faith-based healthcare institutions in other counties in Kenya. Policymakers in faith-based organizations are encouraged to support individual organizations in developing strategic management guidelines that promote regulation and control.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"62 18","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135863238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Analysis of Factors Influencing Energy Intensity in G20 Countries","authors":"Cynthia Dikna Sari, Toto Gunarto, Tiara Nirmala, None Marselina, Neli Aida","doi":"10.9734/ajeba/2023/v23i221143","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221143","url":null,"abstract":"Aims: The purpose of this study is to analyze the impact of Gross Domestic Product (GDP), Industry Value Added (IVA), Urban Population (UP), Trade, and Foreign Direct Investment (FDI) on Energy Intensity in G20 countries.
 Study Design: This research used a quantitative descriptive method using panel data analysis.
 Place and Duration of Study: The scope of this research extends to G20 member countries such as Argentina, Brazil, Canada, China, Germany, European Union, France, United Kingdom, Indonesia, India, Italy, Japan, Korea, Mexico, Rusia, Saudi Arabia, Turki, United States, and South Africa, between 1990-2021.
 Methodology: This research uses descriptive method combined with panel data analysis, analyze determine of GDP, IVA, UP, Trade, and FDI on Energy Intensity in G20 countries. Furthermore, the data uses is secondary data that has a regression model on panel data from 1990-2021.
 Results: The result of this research show that IVA has a positive relationship and has a significant effect on increasing energy intensity in G20 countries. GDP, Trade and UP variables have a negative relationship and have a significant effect on Energy Intensity in G20 countries. Meanwhile, the FDI variable has no significant effect on Energy Intensity in G20 countries.
 Conclusion: Based on research result, Energy Intensity in G20 countries is influenced by various factors, The IVA factor has a positive and significant relationship with energy intensity, can be utilized to increase productivity and economic growth, but need to be balanced with effort to increase energy efficiency.
 While the GDP, Trade and Urban Population factors have a negative and significant relationship to energy intensity. However, FDI does not have a significant effect on energy intensity in G20 countries. The government should consider policies to reduce dependence on intensive energy, especially in sector that have a negative relation with energy intensity such as GDP, trade and urban population.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"30 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135872506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Recruitment and Selection on Employee’s Performance in Public Universities in Meru County, Kenya","authors":"Fridah N. Mugambi, Jacqueline Omuya","doi":"10.9734/ajeba/2023/v23i221141","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221141","url":null,"abstract":"Human resource management encompasses all aspects of an organization's interactions with its personnel, including hiring and firing, benefits administration, goal setting and monitoring, employee performance evaluations, and handling employee departures. Public universities in Meru County have established rules and processes to provide their highest possible quality of service to their students. Similarly, these universities' human resources departments have helped establish procedures to guarantee staff members' adherence to legal frameworks, punctuality in reporting for work, absence-free attendance, audits of risk management practices, and a focus on workplace health, safety, and succession. Despite their best efforts, they are experiencing poor and substandard staff performance. Staff morale is poor and employees are not committed to their jobs, which results in frequent walkouts. Employees vent their frustrations, citing the high turnover rate as a reason why they too are looking for new employment. Nevertheless, there is paucity of conceptual and empirical knowledge. Thus, the ground for the present study was to determine the effect of recruitment and selection on employee performance in public universities in Meru County. The study employed descriptive cross-sectional research design. Academic, administrative, and human resources personnel made up the 90 study's target population. The study employed census method to obtain the study respondents. The study employed structured questionnaires to collect data. A pretesting of data collection tools was undertaken at university of Embu due to comparative characteristics. The pilot study enhanced validity and reliability of the tools. Using a statistical software for the social sciences (SPSS) window version 25, numerical data obtained in the field via surveys were sorted and recorded. The researcher used descriptive statistics (such as frequency, percentage, mean, and standard deviation) to describe and summarize the data, and inferential statistics to draw conclusions from the data. Pearson's bivariate correlation and multiple regression analysis were inferential statistics that was used to learn more about the correlation and effect of the variables of interest with regard to the continuous variables of interest. The study observed the ethical considerations of the research. This research uncovered a noteworthy positive correlation between various human resource functions, including recruitment and selection within public universities in Meru County. Through regression analysis, it was determined that approximately 46.1% of the variations in employee performance across these public universities could be attributed collectively to the utilization of recruitment and selection. Consequently, this study concludes that recruitment and selection exerted the most significant influence on employee performance. As a result, it is recommended that universities prioritize the enhancement of individual co","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"2 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136068504","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Fiscal Policy and Inflation in Nigeria","authors":"Idongesit Edem Udoh, Ime Uwem Kokoette","doi":"10.9734/ajeba/2023/v23i221139","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221139","url":null,"abstract":"Aims: This study aims to analyze how Nigerian government activities impact inflation, considering the inadequacy of monetary policy. It focuses on recurrent and capital expenditures in various sectors and their influence on inflation, as well as public debt and tax revenue's role in inflation dynamics.
 Study Design: The study employed secondary data.
 Place and Duration of Study: Data sources include the National Bureau of Statistics (NBS), Central Bank of Nigeria (CBN) statistical bulletin, Debt Management Office (DMO), and World Development Indicators (WDI) spanning from 1986 to 2021
 Methodology: The study employs econometric techniques, including unit root tests and Autoregressive Distributive Lag (ARDL) analysis, with Inflation Rate (IFL) as the dependent variable. Independent variables representing fiscal policy include capital expenditure on transfers (CTRA), recurrent expenditure on administration (RADM), recurrent spending on social and community services (RSCS), recurrent expenditure on economic services (RECE), recurrent expenditure on transfers (RTRA), capital expenditure on administration (CADM), capital spending on social and community services (CSCS), capital expenditure on economic services (CECE), government direct and indirect taxes (TAX), government capital expenditure (GCE), government recurrent expenditure (GRE), and external debts (PUD).
 Results: Key findings reveal that in the long run, only RADM, RTRA, CADM, CECE, CSCS, GRE, GCE, PUD, and TAX had statistically significant relationships with inflation (IFL). RADM, CECE, CSCS, GCE, PUD, and TAX exhibited negative relationships with IFL, while RTRA, CADM, GRE showed positive relationships. In the short run, RSCS, RTRA, CADM, CECE, CSCS, CTRA, GRE, GCE, and TAX displayed statistical significance. RSCS, RTRA, CADM, and GRE positively correlated with IFL, while CECE, CSCS, CTRA, GCE, and TAX had negative associations.
 Conclusion: The study concludes that Nigeria's fiscal policy should prioritize increased government capital spending in economic and social sectors to manage inflation effectively. Additionally, implementing fiscal restraint through higher taxation can help mitigate inflationary pressures.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"7 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136159427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Influence of Knowledge Acquisition Practices on the Performance of County Development Projects in Meru County Government","authors":"Beatrice Karwirwa Mukiira, Robert Obuba","doi":"10.9734/ajeba/2023/v23i221140","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221140","url":null,"abstract":"Public infrastructure projects have progressed at a moderate rate since independence. The information provided by the Kenyan government in 2014 regarding their vision for 2030, aiming to make Kenya an internationally competitive and prosperous nation, shows that the slow progress in implementing public infrastructure projects has resulted in inadequate road networks, underdeveloped public facilities, a lack of connectivity between rural areas and industrial hubs, insufficient measures to mitigate challenges in agricultural regions, and a decline in formerly thriving industries. County governments face a significant challenge in effectively utilizing knowledge management within project management to maximize their outcomes. This research aimed to ascertain whether knowledge acquisition practices influences performance of county development projects in Meru County Government. The research was conducted in a descriptive manner. It targeted a total of 139 respondents from nine Sub-counties in Meru County, including members of county assemblies (MCAs), sub-county departmental heads, project management committee members, and county chief officers. A sample of 103 individuals was selected from the population to participate in the survey. Structured questionnaires were used as the primary research tool to collect data from the population. The responses were coded and categorized accordingly. The data collected was inputted into SPSS 27.0 and MS Excel for further computational analysis. The study revealed a strong correlation coefficient, with an R value of 0.897, indicating a high level of correlation between the variables. The adjusted R-squared value, which was 0.801, suggested that variations in county development projects were significantly influenced by the independent variable. The study's findings suggest that knowledge acquisition had a positive impact on the performance of the county development projects in Meru County. To enhance this positive influence, the study recommends that the public service engage with technical experts in specific fields for knowledge creation, emphasize the value of employees, organize formal training sessions for new knowledge creation, plan seminars for knowledge sharing, and ensure that staff members are trained in diverse tasks to facilitate information exchange. Furthermore, it is recommended that training programs encompass a wide range of tasks and duties to promote knowledge sharing among staff.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136233061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Existence of Govermental and Environmental Uncertainty on Competitive Advantage of Private Universities","authors":"Suhendro Saring","doi":"10.9734/ajeba/2023/v23i221138","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221138","url":null,"abstract":"Aims: This study aims to illustrate empirically the impact of governance and environmental uncertainty on the quality of B-accredited private universities and their long-term competitive advantage.
 Study Design: The method used in this study used descriptive and causal-explanatory methods to test the research hypothesis.
 Place and Duration of Study: All private universities accredited by B in Indonesia.
 Methodology: This Research used descriptive and causal-explanatory methods. Data for this research were collected using a questionnaire and supplemented with interviews involving various university leaders. A random sampling technique was utilized to select a sample of 136 B-accredited private universities in Indonesia. The data was analyzed using the Structural Equation Modeling (SEM) approach. The study's findings show that higher education governance has a significant influence on both the quality of higher education and long-term competitive advantage, both directly and indirectly.
 Results: In contrast, environmental uncertainty has a major impact on higher education quality but has little effect on long-term competitive advantage. Higher education quality, on the other hand, has a strong beneficial influence on long-term competitive advantage. Furthermore, this research demonstrates that improved quality among B-accredited private institutions boosts their competitive advantage.
 Conclusion: This research shows that improving quality among B-accredited private institutions will increase their competitive advantage. Therefore, the results of this investigation provide a valuable contribution in addressing the problem of substandard quality in private universities in Indonesia and expand existing research on environmental governance and communication in university environments.","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"127 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136232832","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effect of Cost Efficiency Restructuring Strategy on Financial Performance of Coffee Cooperative Societies in Meru County","authors":"Kirima Christine Nkirote, Lucy Kibe","doi":"10.9734/ajeba/2023/v23i221137","DOIUrl":"https://doi.org/10.9734/ajeba/2023/v23i221137","url":null,"abstract":"This study sought to assess the effect of cost efficiency restructuring strategy on organizational performance of coffee cooperative societies in Meru County. The study was guided by the resource based theory. The research targeted top management team in the 42 coffee cooperative societies in Meru County, the study adopted a descriptive research design with a sample size of 121 participants who were the managers of the cooperatives, the study utilized census to get information from the respondents. The data gathering tools were structured questionnaire including both open-ended and closed-ended questions, as well as a quantitative part using a 5-point Likert scale. Quantitative methods which included measures of central tendency and dispersion such as Mean and standard deviation, as well as inferential statistics were used for data analysis and interpretation. The data collected was presented through; Textual method a narrative description of data gathered and Tabular Method a systematic arrangement of information into columns and rows. Finally, SPSS Version 27 was used to process and analyze the collected data, and its results informed the report's discussion, conclusions, and recommendations. The study established that cost efficiency restructuring had a positive significant relationship with the financial performance of coffee cooperative societies in Meru County. The study concluded that elimination of non-profitable products/services and reduction of inventory, improvement of business strategy through innovation management enhances financial performance. The study recommended that the organization should consider purchase of new equipment to cater for most profitable market niche. The current study suggests that further studies should be done that focus on different turnaround strategies on organizational performance","PeriodicalId":433532,"journal":{"name":"Asian Journal of Economics, Business and Accounting","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136317560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}