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The Influence of Loan Rescheduling and Flexible Credit Limits on Poverty Reduction among Small holder Farmers in Muthetheni Ward of Machakos County in Kenya
Get PDFThe purpose of the study was to evaluate the influence of loan rescheduling and flexible credit limits on poverty reduction among smallholder farmers in Machakos County, Kenya. The study applied a descriptive cross-sectional survey design where structured questionnaires were utilized to collect quantitative data from households of Muthetheni Ward, Mwala Subcounty, Machakos County, Kenya. The study adopted random cluster sampling to select households that had taken an agricultural loan from microfinance institutions or development finance institutions in the preceding two years. Statistical package for social sciences (SPSS) was utilized to derive the regression model for the study. The study findings indicated that loan rescheduling had a significant positive influence on poverty reduction among smallholder farmers in Machakos County, Kenya (β = 0.611, p < 0.05). The findings however, indicated that flexible credit limits had no significant influence on poverty reduction among smallholder farmers in Machakos County, Kenya (β = 0.059, p = 0.352). The study recommends to microfinance and development finance institutions to offer a variety of flexible loan products to smallholder farmers that suit the farmer’s needs and characteristics. Regarding loan rescheduling, microlenders should seek to balance between assisting the farmers to repay the loan and the risk inherent in any rescheduled loan
Influence of Public Tender Requirement on Youths Accessibility to Government Procurement Opportunities Nakuru County
No full textYouth in accessing Government Tenders opportunity has proven successful around the world. However poor implementation of policies has ensured that the vulnerable populations are more likely to be overlooked by the government, and less likely to receive skills and training. Young people are among the distraught or vested parties in many creating economies. Various studies carried out globally and locally indicate Youths are among the disadvantaged or special interest groups in many developing economies. Globally, the World Bank (2010) indicates that many countries are yet to develop procedural frameworks that ensure: Government tender procedures are transparent and promote equity. The purpose of this study, therefore, was to assess the influence of public tenders requirements on youth accessibility to government procurement opportunities in Nakuru county. The study specifically attempted to establish the influence of financial capacity, legal requirements, and technical capability on youth accessibility to government procurement opportunities in Nakuru County. The study was anchored on three theories, namely: Resource-based view theory, Institutional Theory, and skill-based theory. The study employed a descriptive survey research design using quantitative approaches. The research targeted 110 youths in Nakuru County. The study used a closed-ended questionnaire in collecting primary data. The questionnaires were pretested to ensure validity and reliability. The collected data were summarized and analyzed using both descriptive and inferential statistics and then presented in tables. The study concluded that financial capacity and legal requirements have a statistically significant influence on the youth's accessibility to government procurement opportunities in Nakuru County. In the context of technical capability, the study concluded that although they have a positive influence on youth’s access to the government tendering process in Nakuru County on their own, the influence is not statistically significant. The study recommends a deeper look into the influence of the various metrics used to examine the influence of financial capacity, legal requirements, and technical capacity on youth accessibility to government procurement opportunities in Nakuru County
Corporate Governance And Financial Performance Of Commercial Banks In Kenya
Get PDFThe impact of corporate governance on the financial performance of Kenya's commercial banks
was investigated in this study. “The study examined the impact of board size, audit structure,
ownership structure, and firm size on the financial performance of Kenya’s commercial banks.
This study used a descriptive design and included all 39 of Kenya's commercial banks. The study
relied on data from yearly financial reports from 2015 to 2021. The study adopted a descriptive
research design and secondary data was used. The time scope of the study was 2016-2021. The
study adopted the use of secondary data where panel data was used. The study conducted
Multicollinearity, Heteroscedasticity, Normality test, Autocorrelation Test and Durbin– Wu –
Hausman Test. The data was analyzed using descriptive and inferential statistics. The results
showed a positive and significant relationship between board size and financial performance of
commercial banks in Kenya. There was a positive and significant relationship between ownership
structure and financial performance of commercial banks in Kenya. Audit committee structure had
a positive but insignificant relationship with financial performance of commercial banks in Kenya.
Lastly, the results further portrayed a positive and significant relationship between board size
moderated with firm size and financial performance of commercial banks in Kenya. The study
concluded that board size, ownership structure and audit committee structure and firm size had a
significant effect on financial performance of commercial banks in Kenya. The study recommends
that banks should ensure transparency and disclosure in all the activities undertaken during the
period of operation to assist investor in decision making. The study also recommends that audit
committees should enhance practices that will help them conduct effective meetings. Each
committee should consider what is most effective for its circumstances, but certain practices are
valuable. Critical discussion and engagement in meetings should be encouraged by the chairperson
and members should come prepared, having read all advance materials and prepared questions for
management.
Influence Of Competitive Intelligence Activities On Performance Of Indigenous Banks In Nairobi, Kenya
Get PDFIndigenous banks in Kenya are facing intense competition in the Kenyan market and as such there
is a concurrent need for competitive intelligence which is both a process and product, in their
operation to guide in decision making and strategy formulation. The banks endeavor to address
threats to the triple bottom line and in the same breath required to overpower the uncertainty
presented by the host business atmosphere, technological advancement and economic changes as
well as pandemics such as Covid-19 for their own survival. The indigenous banks are alive to the
fact that local stakeholders’ desires may affect their functioning adversely and therefore, they are
required to examine their functions by adopting competitive intelligence activities in order to
respond to their needs faster. The study therefore purposed to establish the influence that
competitive intelligence subsets have on the performance of indigenous banks in Nairobi, Kenya.
The research was done through the survey approach by distribution of questionnaires with Likert
scale using the drop and pick later method and it targeted the senior staff at the managerial level
in the six indigenous banks in Nairobi, Kenya. The sample size of the study was 90 respondents
of which only 81 of them were retrieved and the primary data collected was analyzed using
statistical package for Social sciences (SPSS) software. Figures and tables were used to summarize
the data collected for additional analysis and comparison. Multiple regression was utilized with an
intention of evaluating the aggregate effect and relationship between the independent variables and
performance as a dependent variable. The findings of the study concluded that competitive
intelligence subsets contributed towards the performance of the indigenous banks in Kenya.
Results from the univariate analysis showed that product intelligence activities had a statistically
significance influence on an individual basis of 30% on the performance of indigenous banks in
Kenya, (p<0.001) this influential ability was also the case when combined with other variables,
Organization intelligence individually would statistically significantly influence the performance
of indigenous banks in Kenya at 25% (p<0.001) while market intelligence will influence at 14%,
p=0.001 but when combined with others it had minimal influence on performance of indigenous
banks. On the other hand, technological intelligence activities would have an individual effect of
3% on the performance of indigenous banks in Kenya, however this effect would not be significant
(p=0.106). Jointly with others technology intelligence practice was found to result to an
insignificant decrease in performance of indigenous banks in Nairobi, Kenya. That return on
Return on Investment (ROI), customer retention and satisfaction among others were some of the
results identified in regards to the impact of competitive intelligence on performance. The outcome
concluded that there is a positive relationship between technological, product, organizational and
marketing intelligences with the indigenous banks performance. Based on this therefore, the
indigenous banks are encouraged to further deepen competitive intelligence activities and adopt
them as part and parcel of their operational strategy by creating a competitive intelligence
department in order to have a competitive edge
Revenue Mobilization, Budgetary Controls And Financial Sustainability Of Public Universities In Kenya
No full textUniversities play a key role in developing human capital necessary for nations� global competitive and economic growth. Universities in developing countries continue to face a myriad of challenges that threaten their existence. The study assessed the effects of budgetary controls and revenue mobilization on financial sustainability of public universities in Kenya. The study covered all the 31 public universities in Kenya for the period 2014-2019 and used Feasible Generalized Least Squares (FGLS) for panel data analysis. The study finds that budgetary controls and revenue mobilization have a significant positive affect on financial sustainability of public universities. The study recommends that budgeting committee to align the budgets within available funding and continually tighten expenditure controls to enhance budgetary controls. Additionally, innovative alternative avenues of resource mobilization should continually be explored in light of declining government funding for financial sustainability of universities
Resilience among Kenyan manufacturing firms
No full textAcademic and practitioners have recently discovered resilience as a core topic of
interest. It is widely viewed as a potential solution to organizations' challenges posed by the
current Covid-19 pandemic and other disasters. While the concept of resilience is increasingly
becoming popular, empirical research on resilience organizations is quite rare. In this study, we
examined the relationship between organization resources, organization innovative climate
culture, restructuring, and transformational leadership style on organization resilience Among
Kenyan manufacturing firms. We measured resilience as the firm's ability to return to normal
after adversity and as the firm's ability to bounce back better than before. Our sample population
is 122 manufacturing firms in Kenya. Our findings show that organizational resources have a
significant effect on Resilient both on the ability to return to normalcy and the ability to bounce
back better. However, an organization's innovative environment significantly affects firms'
ability to return to normalcy in operations but has an insignificance effect on the ability to
bounce back better than before. Transformation leadership style and organization restructuring
had a significant impact on the ability to bounce back better but an insignificance effect on
maintaining normalcy in operations
The Effect Of Board Characteristics On Firm Value Of Listed Banks In Kenya
Get PDFPrimarily, the role of governing boards is to oversight and also support management in its pursuit
of increasing the economic value of the corporation. To achieve these, governing boards require
an appropriate structure and this according to research, involves several dimensions. The most
highlighted dimensions are diversity and complementarity; while others relate to the number of
“inside” vis-à-vis “outside” directors, experience, director’s knowledge-ability, and board size.
Thus, this study sought to examine the effect of board characteristics on firm value of listed banks
at the NSE. Specifically, this research sought to determine if board meetings, board size and board
gender diversity have an effect on firm value. The study was based on agency theory, resource based view theory and resource dependency theory. The study employed a correlational research
design to attain its objective. The target population for the study was 10 banks listed at the Nairobi
Securities Exchange during FY’s 2008 to 2021, 14-year data being collected from secondary
sources and analyzed using STATA version 12. The study established that, board gender had a
positive but insignificant relationship with firm value as proxied by Tobin’s Q, while board size
had a positive and significant relationship with firm value, whereas board meetings had a negative
and insignificant relationship with firm value
Factors Influencing Quality Of Financial Reporting Of Deposit Taking Saccos In Kenya
Get PDFFinancial reporting is crucial to any organization because it enables it to allocate capital in the
most effective and efficient way besides assisting it to mitigate information asymmetry
among capital market participants. Financial reporting quality is essential to any organization
because it assures a reliable report which can be used in decision making. Financial reporting
facilitates capital allocation, increases investment efficiency, facilitates external investor
monitoring and increases in financial reporting. It reduces information asymmetry. The main
objective of the study was to establish the factors influencing quality of financial reporting of
deposit taking SACCOs in Kenya. The specific objectives of the study were to assess the
influence of staff capacity on quality of financial reporting of deposit taking SACCOs in
Kenya, to examine the influence of top management expertise on quality of financial
reporting of deposit taking SACCOs in Kenya, to determine the influence of enterprise
resource planning on quality of financial reporting of deposit taking SACCOs in Kenya and
to establish the influence of quality of internal audit on quality of financial reporting of
deposit taking SACCOs in Kenya. The study was guided by three theories, namely; Upper
Echelons Theory, Resource Based View Theory and Agency Theory. This study adopted a
descriptive research design. The target population for this study was be 126 respondents from
all the 42 deposit taking SACCOs in Nairobi County which were licensed by SASRA as at
31st December 2021. The study used census to get the relevant information. The researcher
used primary data gathered using a structured questionnaire. Descriptive statistics and
inferential statistics were the main tools of analysis to be used in this study. After that, the
findings were presented in form of figures, charts and tables. The study found out that staff
capacity has a weak positive significant influence on quality of financial reporting. It was
also found out that top management expertise had a strong positive insignificant influence on
the quality of financial reporting, and that ERP had a strong significant influence on the
quality of financial reporting. Lastly, it was also found out that quality of internal audit had a
strong positive significant influence on quality of financial reporting
Influence Of Internal Audit Function on the Public Service Delivery in the Kenyan State Parastatals
Get PDFThe goal of every other institution and government in the world is to provide quality services. As
such, most organizations and governments have adopted practices to enhance service delivery.
However, most governments in developing countries continue to provide inefficient and
ineffective services. This article sought to examine the relationship between internal audit and
service delivery in the public sector in Kenya. Importantly, the article’s specific were to;
establish the influence of internal audit risk assessment, determine the influence of internal audit
controls, evaluate the impacts of internal audit compliance, and determine the influence of
internal audit evaluation on public service delivery in Kenyan parastatals. The agency, systems
approach, and stakeholder theory were used to guide this study. This study employed a
descriptive approach, and the population for the study was186 parastatals in Kenya. Internal
auditors in the parastatals provided the study’s data. The study’s sample size was 127 parastatals.
The data collection entailed the use of in-person handing of the questionnaires as well as online
questionnaires through electronic mail. The questionnaires were piloted before actual data
collection to ensure the validity and the reliability of the instrument. Descriptive and inferential
analysis was used in analyzing the collected data. Descriptive statistics conducted included:
mean, frequency, percentage, and standard deviation. Besides, the inferential analysis conducted
included: diagnostic tests such as linearity tests, normality tests, auto-correlation tests, and tests
for independence: multi-collinearity and correlation analysis whereas the regression analysis
included multivariate regression analysis. The study revealed that β= 0.311, t=2.930 which
yielded a p-value of 0.004 for internal audit risk assessment and public service delivery in state
parastatals in Kenya. Based on this study; β=0.051, t=0.442 which yielded a p-value of 0.659 for
Internal Audit Controls Practices and public service delivery in state parastatals in Kenya. The
findings indicate that a β=0.286, t=2.412, yielding a p-value of .018 for internal audit compliance
practices and public service delivery in state parastatals in Kenya. The results also showed that
β=0.212, t=2.113, yielding a p-value of 0.037 for internal audit evaluation practices and public
service delivery in state parastatals in Kenya. Conclusively, the results revealed that internal
audit risk assessment practices had a significant influence on public service delivery. The study
concluded that Internal Audit Controls Practices did not have a significant influence on public
service delivery in Kenyan state parastatals. The study revealed that Internal Audit Compliance
Practices had a significant impact on services are delivered in the public sector. The study
concluded that Internal Audit Evaluation Practices had a significant influence on public service
delivery. The study recommended Internal Audit Committee members carry out internal audit
risk assessments including the identification of risks, analyzing risks, and classification of risks.
The study recommended that internal auditors come up with internal audit control measures that
are more appropriate to ensure that public service delivery improves. The study also
recommended that internal auditors ensure compliance with ethical values, compliance with
financial policies, and compliance with Laws and regulations that enhance public service
delivery. The study recommended that internal auditors evaluate the impact of the financial
systems and evaluation of information and technology environments on the public service
delivery in public service delivery
Effect Of Financing Strategies On Financial Performance Of Real Estate Firms In Kenya
Get PDFWith the ballooning state of real estate companies and entrance of new financing
strategies in Kenya, it is vital to investigate the role of some of the newly adopted
financing strategies. Besides, volatility of returns for real estate companies appears high
with some collapsing in the last decade. This study examined the relationship between
financing strategies and financial performance of real estate firms in Kenya. The
financing strategies considered included: private equity, joint venture, mortgage and
retained earnings. The study also examined the moderating effect of firm size on the
relationship between financing strategies and financial performance. The study utilised
secondary data that was drawn from a sample of fifty five real estate firms for a time
span of six years from 2015 to 2020. In data analysis, panel estimation procedures were
performed. Empirical results from the study show that financing strategies play a
significant role on financial performance of real estate firms. Specifically, private
equity, joint venture and mortgage finance had a positive but statistically insignificant
influence on financial performance. Retained earnings positively and significantly
influenced financial performance. Further, it was found that firm size had a moderating
effect on the relationship between financial components and financial performance. The
study recommends that real estate firms should use retained earnings to fund
investments as this has highest positive benefits. Moreover, real estate companies
should strategically enter into private equity, joint venture and mortgage agreements as
this too can improve financial performance