EdinBurg Journals
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Role of Budgeting Management Skills on Performance of Women Development Groups in Kindi District
Full text linkWomen\u27s development has been critical agenda in the world for several decades. Governments and Non-government organizations have made an effort to empower women in all areas of development. Financial management skills being an important area in development of the business, the current study sought to establish the role of budgeting management skills on the performance of women development groups in Kindi district. The study is anchored on theory of goal setting. The study adopted a cross-sectional design. All 73 women development groups in Kindi district constituted the study\u27s target population. A census of all the groups was carried out. Primary was collected using structured questionnaires. Data were analyzed using descriptive and regression analysis. The findings indicated that budgeting management skills had a positive and significant relationship with performance of Women\u27s development groups in Kindi district. The study concluded that budgeting management skills contribute positively and significantly to enhanced performance of Women\u27s development groups in Kindi district. The study recommended that; Kindi district’s development groups develop a precise financial risk management plan with its corresponding mitigation strategies detailing how exactly are they going to tackle all the identified risks if not mitigate them completely
Job Experience and Personal Financial Management Among Finance Managers of Insurance Companies in Kenya
Full text linkPersonal finance management is important so that people can manage personal finances and make informed financial and economic decisions. People with weak personal financial abilities are vulnerable to financial stress, which can harm their physical and mental health. The purpose of this study was to establish the relationship between job experience and personal financial management among finance managers of insurance companies in Kenya. The study adopted a descriptive research design and targeted finance managers from 53 licensed insurance companies in Kenya. Data was collected using a questionnaire and analyzed using descriptive statistics and regression analysis. Results indicated that job experience explained 34.9 percent of variations in personal financial management. Further, the findings revealed a positive and significant relationship between job experience and personal financial management (β=0.076, p=.000). The study concluded that job experience had a positive and significant effect on the personal financial management of finance managers. The study recommended that employees should use their financial literacy knowledge and experience gained in the insurance sector to employ investment practices in their personal finances
Agency banking as an Alternative Banking Services Delivery Channel and Financial Performance of Commercial Banks in Kenya
Full text linkThis study set out to investigate the effect of agency banking as an alternative banking service delivery channel on the financial performance of commercial banks in Kenya. The study was anchored on modern portfolio theory and employed a causal research design. Census method of sampling was employed, where all the 40 commercial banks operating as of December 2018 formed the study units. Both primary and secondary data were used. Data was analysed using descriptive and regression analysis. The study findings showed that agency banking had a positive and significant effect on financial performance of commercial banks. The study concluded that agency banking contributes significantly to positive change in financial performance of commercial banks in Kenya. The study, therefore, recommends that the management of commercial banks should consider embracing the agency banking model and increasing the use of agents that rely on the existing infrastructure such as supermarkets, credit unions, hotels, and petrol stations to reach out to more customers
Reverse Logistics Recycling Practice and the Performance of Large Manufacturing Firms in Kenya
Full text linkGlobally there are pressures on organizations to act responsibly in terms of the protection of the environment and create value for all stakeholders. There is a rising global interest in reverse logistics. Product disposal may no longer be the consumer’s responsibility as products need to be recycled or remanufactured by the original manufacturer. Increased, strict environmental and packaging regulations are forcing firms to become more accountable for residual and final products, long after the product is sold and is in the hands of the customers. As a result, there is a great opportunity for researchers and academicians to advance the study of reverse logistics to solve the problem of product handling within the supply chain. This study aimed to determine the influence of reverse logistics recycling practice and the performance of large manufacturing firms in Kenya. The study used a descriptive design and the target population was large manufacturing firms that are registered with the Kenya Association of Manufacturers. Data was analyzed using descriptive and inferential statistics. Pearson correlation coefficient for the output indicated that recycling practice was able to explain 31.7% variations in the firm performance. The study concluded that there is a significant positive relationship between recycling practice and firm performance. The beta coefficient for recycling practice was 0.563. This indicates that a unit increase in recycling practice would result in 56.3% increase in manufacturing firm performance. The study recommended that recycling practices be adopted by manufacturing firms as a way of improving firm performance. The study also recommended that all manufacturing farms should adopt Recycling practices to gain material recovery and environmental improvement
Effect of Management Competence on Financial Sustainability of Community Conservancies in Northern Kenya
Full text linkThe survival and expansion of organizations all over the world depend on their capacity to maintain their financial viability. Community conservancies in Kenya struggle to survive and grow financially. This paper sought to assess the effect of management competence on the financial sustainability of community conservancies in Northern Kenya. The study was anchored on the agency theory. It adopted the explanatory research design and a cross-sectional approach. Primary data was collected using a semi-structured questionnaire. Data was analyzed using descriptive and inferential statistics. The findings indicated that management competence had a positive and significant effect on the financial sustainability of community conservancies in Kenya. The study concluded that management competence positively contributes to enhanced financial sustainability. The study recommended that community conservancies management should strengthen aspects related to management competence. There should be a proper delegation of duties aimed at empowering employees. Managers should demonstrate the right attitude, skills, and knowledge
Effect of Supply Chain Integration on Performance of Metal and Allied Sector Manufacturing Firms in Nairobi City County, Kenya
Full text linkMetal manufacturers in Kenya have been experiencing stagnating profitability, production, and operations management which is directly attributed to supply chain inefficiencies. This paper sought to determine the effect of supply chain integration on the performance of metal and allied sector manufacturing firms in Nairobi City County, Kenya. The study was guided by the systems theory. The study adopted a cross-sectional survey design and a target of 46 companies. Census technique was used involving 92 respondents from the procurement and stores departments. A questionnaire was used to collect primary data from the study respondents. The findings indicated that supply chain integration has a positive and significant influence on the performance of metal and allied sector manufacturing firms. The study concluded that supply chain integration positively and significantly contributes to the improved performance of metal and allied sector manufacturing firms. The study recommends that more linkage with the suppliers be enhanced since much of the delays and inefficiencies emanate from the upstream as it tickles down. Automatic ordering should be permitted to avoid chances of running short of the stock leading to production stoppages. Information security systems should also be beefed up with necessary cyber security measures to avoid unauthorized access to information
Tax Payer Education and Tax Compliance Among Small and Medium Enterprises in Kenya: A Case of Motor Vehicle Spares Traders in Nakuru Town Suburb Area
Full text linkThe level of tax compliance among the small and medium taxpayers in Kenya has been declining. The current study sought to determine the effect of tax-payer education on motor vehicle traders\u27 tax compliance in the Nakuru Town suburb of Kenya. An explanatory research design was adopted. The target population for the study was 300 traders dealing in motor vehicle spares in the Suburb area of Nakuru town. A sample size of 150 traders was selected using a simple random sampling technique. The findings indicated a combined R square of 0.615. This shows that mainstream media education, social media education, KRA’s stakeholder’s education forums, and print media taxpayers education explain 61.5% of the tax compliance. The findings also indicated that print media taxpayers’ education (β=0.315, p=0.000), social media education (β=0.292, p=0.000), mainstream media education (β=0.205, p=0.003), and KRA’s stakeholders\u27 education forums (β=0.184, p=0.003) had a positive and significant effect on tax compliance among motor vehicles spare traders in the Suburb area of Nakuru town, Kenya. The study concluded that tax-payer education contributes significantly to tax compliance. The study recommends the inclusion of tax education in Kenya\u27s primary and education curriculum to prepare young learners who are future taxpayers on the importance of tax compliance. The study also recommends that the KRA needs to scale up its social media engagement for the enlightenment of taxpayers since the use of social media platforms is very convenient given the advent and advantages brought about by the use of smartphone technology
Foreign Direct Investment and Profitability of Real Estate Firms in Kenya
Full text linkThe purpose of this research paper was to determine the impact of foreign direct investment on the profitability of real estate firms in Kenya. The research utilized the descriptive research design. The target populace for the investigation encompassed 69 real estate firms that are registered with Kenya Property Developers Association (KPDA) in Kenya. Since the populace was small, all the 69 real estate firms were included in the study and thus no sampling was done. Secondary data was collected. The researcher used both descriptive and inferential statistics in the study. The study found that foreign direct investment positively influenced the real estate firm’s profitability. Therefore, an increase in foreign direct investment would lead to an increase in the profitability of real estate firms in Kenya. The study concluded an increase in foreign direct investment would lead to an increase in the profitability of real estate firms in Kenya. The study recommends that the Kenyan government should set a conducive and proper environment for both local and foreign investors. In addition, incentives and tax holidays, and reliefs should be set for foreign investors. This will increase the level of foreign direct investment which will help to attract more investors to the real estate
Factors Affecting Logistics Performance Metrics in Logistics Industry: Case of Kuehne+Nagel Logistics Company
Full text linkThe purpose of this study was to determine the role of logistics metrics on logistics performance measurement in the Kenyan logistics industry; a case study of Kuehne Nagel logistic company. The specific objectives were to determine the role of logistics cost, logistics quality, logistics productivity, and logistics cycle-time on logistics performance measurement in Kuehne Nagel logistic company. The study was anchored on the SCOR model, resource-based view, theory of constraints and transactions theory. The study adopted a descriptive research design. The study target population was 72 managers comprising of top, middle and supervisory level managers. A census of all the managers was done. The study used questionnaires to collect data. A multivariate regression model was used to link the independent variables with the dependent variable. The study findings indicated that logistics cost and logistics metrics performance are negatively and significantly associated. the results further indicated that logistics quality, logistics productivity and logistics cycle-time had positive and significant association with logistics metrics performance the regression results showed that there is a negatively significant relationship between logistics cost and logistics metrics performance. Further, results indicate that there is positively significant relationship between logistics quality, logistics productivity, logistics cycle-time and logistics metrics performance. Based on the findings, the study concluded that there is negative and significant relationship between logistics cost and logistics metrics performance. Further, the study concluded that there is a positive and significant relationship between quality, productivity, cycle-time and logistics metrics performance. From the findings, the study recommended that logistic companies should find ways of reducing their logistics cost, since it affects their performance; should adopt measures towards improving the quality of their services; should invest in improving their productivity; and lastly logistic firms should adopt efficient time management systems. This will ensure maximum utilization of time as a resource
Effect of Supervision and Control Process on Performance of Financial Market Intermediaries in Kenya
Full text linkThe purpose of the study was to investigate the effect of supervision and control process on performance of financial intermediaries in Kenya. The study reviewed existing literature related to the study objective. The study adopted a cross sectional approach, with study population being 218 employees in 109 financial market intermediary firms. The study used a census approach. The study employed primary data. Primary data was collected through questionnaire. A pilot study was conducted to measure the research instruments reliability and validity. Descriptive and inferential analysis was conducted to analyze the data while multiple and simple regression analysis were used to measure firms’ performance as influenced by supply chain automation. The data was presented using tables, graphs and charts. The study findings of supervision and control and relationship management have positive and significant association with firm performance. It was established that supervision and control and performance of financial intermediaries were positively and significantly related (r=0.221, p=0.000). Based on the findings the study concluded that supervision and control processes influenced the performance of financial market intermediaries in Kenya. This can be explained by the regression results which showed that the influence was positive and also showed the magnitude by which supervision and control processes influenced the performance of financial market intermediaries. The study recommended that supervision and control systems of the financial intermediaries should be fully automated. This will lead to efficient supervision and control of firm’s operation