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Micro-environmental Factors Affecting Performance Of Food Processing Firms In Kenya
No full textMany questions have risen as to why the firms are performing poorly with tremendous government support. This study seeks to determine micro-environmental factors affecting the performance of food processing firms in Kenya. Specifically, it seeks to determine the effect of safety management in performance of food processing firms; assess the effect of innovation in performance food processing firms; evaluate the effect of employee competence on performance of food processing firms; establish the effect of technology adoption in performance food processing firms and how firm resources affect performance of food processing firms.. The study will use descriptive research design. The target population will be 44 food processing firms in Kenya. 22 firms will be selected using census. Purposive sampling will be used to select 110 respondents (5 employees in each firm). Data will be collected using a questionnaire administered by the researcher. The data will be analyzed using descriptive and regression then presented in tabular form
Effects Of Corporate Governance Practices On The Performance Of Insurance Companies In Kenya
Get PDFCorporate governance encompasses how authority, accountability, stewardship, leadership,
direction and control are exercised in corporations in the quest of achieving its corporate
objectives. The specific objective of the study was to determine the effect of equitable
shareholder treatment, transparency, accountability and board's release of responsibility on the
financial performance of Kenyan insurance companies. This study used a descriptive research
design which entails survey and fact finding inquiry. It has considerable ability to generate
answers to questions like what, who, where and how. The study focused on the top level
governance, middle level governance and the lower level governance of Kenyan insurance
companies. The research used survey census. The study collected both primary and secondary
data for the purpose of analyzing the relationship between corporate governance practices and
the financial performance of Kenyan insurance companies. Data collected was analyzed using
both quantitative and qualitative methods with the help of (SPSS) version 21 and excel
spreadsheets. The regression findings found that equitable shareholder treatment, transparency,
accountability and board's release of responsibility were statistically significant on financial
performance of Kenyan insurance companies. The overall multiple linear regression models was
tested using ANOVA and the resulting F-stat indicated that the model was significant at 95%
significance level. The study drew conclusion that equitable shareholder treatment had an
affected on the financial performance of Kenyan insurance companies. Since according to the
findings rights of minority shareholders is well articulated in governance policies; that the
company procedures for re-election and appointment of the board are clear formal and
transparent. On the effect of transparency and the financial performance of Kenyan insurance
companies the study recommends that in order to achieve transparency, Kenyan insurance
companies should safeguard accurate accounting methods, policy and practice, make full and
prompt disclosure of company information and make disclosure of conflict of interests of the
directors or controlling shareholders. A key element of ‘good’ governance is transparency, which
incorporates a system of checks and balances among the board of directors, management,
auditors and other stakeholders
Effectiveness Of Business Shared Services Model In Cost Reduction In East African Breweries Limited
Get PDFThe business shared services model (BSSM) seeks to deliver corporate support, combine and
consolidate services from headquarters and business units into a distinct entity based on
market-like principles. The purpose is to align processes, position the firm strategically and
reduce cost. However, some of the firms using the BSSM do not experience a significant
reduction in cost after the implementation of BSSM. The general objective of the study was to
establish the influence of the business shared services model on cost reduction in EABL. The
study’s specific objectives were to determine the influence of human resource shared services,
finance shared services, logistic shared services, and customer service shared services on cost
reduction in EABL. This study used a descriptive research design. The study’s target
population was all the 238 employees in management positions of EABL in the company’s
headquarters in Ruaraka, Nairobi Kenya. The study used a stratified sampling technique to
select a sample of 149. The study utilized a structured questionnaire to collect data from the
management-level employees targeted in the study. Data analysis was done through descriptive
statistics (frequencies and percentages) and inferential statistics (multiple linear regression).
SPSS was applied in the analysis and the results were presented in tables and figures. The study
findings determined that human resource shared services had a significant positive influence
on cost reduction in EABL (β = 0.470, p < 0.05). The study findings also determined that
finance shared services had a significant positive influence on cost reduction in EABL (β =
0.209, p = 0.022). Moreover, logistics shared services had a significant positive influence on
cost reduction in EABL (β = 0.226, p = 0.023). However, customer service shared services had
no significant influence on cost reduction in EABL (β = 0.182, p = 0.108). The study makes
the following recommendations. First, the study recommends to EABL to expand the sharing
of its human resources model to include the services that are shared to a small extent since this
could help the organization to be efficient and reduce waste. Besides, the study recommends
to EABL to standardize finance processes across the whole organization, ensuring that not only
is the organization running at peak efficiency but that its clients are getting the same high quality experience regardless of whatever department they interact with. Finally, the study
recommends to EABL adopt the BSSM to a greater extent relating to sharing of the critical
logistics functions. This would foster a distinct culture of collaboration in a shared services
centre, where workers can combine their expertise to successfully finish these logistics services
efficiently
Relationship Between Financial Risks Management And Operating Efficiency Of Commercial Banks In Kenya
No full textFinancial feasibility and durable sustainability of Kenyan commercial banks are endangered by financial risks. For the past twenty years, financial risk management has added a noticeable part in banks. The association between risks management and operations efficiency in commercial banks is one of the most significant practices used in banks to achieve higher returns. In today’s dynamic environment, nothing is constant other than risks. Banks are exposed to a number of risks such as credit risk, liquidity risks, operational risks, credit risks among other risks. An efficient risk management system needs to be observed from time to time. The risks and returns are directly related to each other, an implication that an increase in one will subsequent lead to an increase of the other and vice versa. Operating efficient is the ability to deliver products and services without forfeiting quality and it is essential for a well-functioning economy. Banks operate efficiently by directing depositors’ savings towards enterprises with highest expected returns through monitoring them carefully after lending depositors’ scarce resources. Kenyan Commercial banking is the largest supplier of credit as well as the largest in terms of asset in the financial services industry. The study endeavored to examine the relationship between financial risk management and operational efficiency by Commercial banks in Kenya. Particularly, the study investigated the effect of banks specific performance indicators. Credit risk, liquidity risk, operation risk and market risk on operating efficiency of commercial banks. The study adopted an explanatory research design using panel data, secondary data was obtained from annual financial statements and reports of 42 commercial banks licensed to operate in Kenya for a period of 5 years that is from 2014-2018. Banks with more than 10% missing data were purged out to remain with 38 commercial banks were then analyzed using STATA. Data was analyzed using panel data regression model to attain the best regression equation. Statistical significance shall be checked by F-Test of the overall Fit and t-tests of individual parameter. The study recommends that managers and regulatory authority to concentrate on mitigating financial risks management so as to improve operating efficiency in Kenya
Relationship Between Working Capital Management And Financial Distress: A Case Of Manufacturing Industry In Rwanda
No full textGovernments and private investors have long been concerned about financial hardship in businesses. A precipitous fall in a firm’s financial performance may ultimately end in bankruptcy, causing significant financial loss to investors as well as creditors. It is on this basis that the study examined the relationship between working capital management and financial distress among the private companies in the flour milling and animal feed manufacturing industry in Rwanda. The specific objectives include; to establish the link between average collection period and financial distress among the private companies in the flour milling and animal feed manufacturing companies in Rwanda, to assess the influence of average payment period on financial distress among the private companies in the flour milling and animal feed manufacturing companies in Rwanda, as well as to examine the relationship between number of days inventory and financial distress among the private companies in the flour milling and animal feed manufacturing companies in Rwanda. Lastly, to establish the influence of cash conversion cycle on financial distress among the private companies in the flour milling and animal feed manufacturing companies in Rwanda. The study adopted a descriptive-correlational research design in examining the eight private companies in the flour milling and animal feed manufacturing sectors in Rwanda. Financial distress was computed via A Z score. The panel data were analyzed using a random effect model. The results indicate that working capital management, comprising the average collection duration, the average payment period, and the number of day’s inventory, has a substantial impact on financial hardship among private businesses in Rwanda's flour milling and animal feed manufacturing sectors. Based on the study finding, there is need of the government to subsidize the operating cost of firms’ especially private companies via reducing cost of taxation to avoid undergoing into more debts. Further, there is need for further training to organizational managers with regards to averting operational, managerial and financial difficulties associated with poor inventory management
Influence Of Mobile Banking Services On Growth Of Micro And Small Enterprises In Makueni Sub-county In Kenya
No full textThe study focused on the influence of Mobile banking services on the growth of the MSEs in Makueni Sub- County. The descriptive research design was employed to conduct the study and targeted 2000 licensed MSEs in Makueni Sub- County. Consequently, a purposive sampling technique was used to obtain 200 micro and small entrepreneurs who utilize mobile banking, a 10% sample size of the entire population. The study used primary data obtained using survey questionnaires. Descriptive data analysis was then conducted using averages, counts, percentages and deviations. Inferential statistics were also used to present the causal influence between the variables. The findings further indicated that m-banking accessibility results in a significant and positive influence on growth of MSEs (β= 0.182, p=0.000). The findings also indicated that costs of m-banking services have a positive and significant influence on growth of MSEs (β=0.191, p=0.000). The findings confirmed that security of m-banking transactions has a positive and significant influence on growth of MSEs (β= 0.450, p=0.000). The findings indicated that efficiency of m-banking services has a positive and significant influence on growth of MSEs (β=0.330, p=0.039). Therefore, the study recommends an intensified campaign to sensitize the MSEs on the importance of mobile money transfer services owing to their flexibility and improved security as compared to carrying physical cash. This is evident especially in the current 21st century where technology has exploded to many developing countries. In the wake of the COVID19 pandemic, the use of mobile money transactions is recommended to the MSEs since it has been shown to have a significant reduction influence on insecurity issues, cost of transactions and improve accessibility to financial services. It means that mobile money services help MSEs in Kenya achieve greater financial inclusivity and therefore, an assured and sustained growth. To the policy makers, the findings suggest that there is need to solidify and enforce strong digital policy that promotes cashless payment. This goes a long way to encourage the firms and small-scale entrepreneurs in the country to integrate financial developments in their businesses such as PayPal in websites, social media marketing, e-wallets, mobile banking etc. The policy can encourage MSEs to go regional and even global by utilizing the web-based platforms and acquiring markets across-borders
A Predictive Model For Quality-assurance In Normal Learning Through Students Feedback In Kiambu Technical Colleges
Get PDFQuality assurance (QA) in any technical college requires monitoring and evaluation for
quality learning. Feedback from students when adopted can promote QA to ensure the
learning environment is enhanced continuously and consistently. The adoption of the
Competence-Based Education Training (CBET) in Kenya has come with new challenges of
handling data. The change of the structure for learning delivery and assessment requires
monitoring and evaluation to facilitate trainees, trainers, and managers to adapt to the
requirements of this approach of training. Technical and Vocational Education Training
Authority (TVETA) as the regulatory agency for technical colleges has standards for
monitoring the successful and full implementation of competence-based training in Kenya.
The County of Kiambu is among the counties in Kenya endowed with reliable
communication infrastructure and should lead the way in leveraging on Internet, mobile
telephony as well as the modern data repository and analytical technologies in the execution
of processes in technical colleges. The predictive model for IQA from this study will be
useful in adjustments of policies and methodologies, and facilitate instituting changes or
affirming instructional roles. A sample population of technical colleges in Kiambu County
was used to identify the current feedback mechanisms implemented in the colleges. The
variables identified for the predictive model are Instructional delivery, resource provisioning,
assessment process and technology usage. The phenomenon of participatory sensing is
extended in this study where the student, the mobile phone, an application embedded in the
phone and the internet are combined to form a sensing mechanism to support learning.
Technologies employed in this model are VADER, spark, HDFS mobile telephony and the
internet, while visualization graph for multivariate data is done by Parallel coordinates graph.
This model and system derived thereof will support the digital survey student accustomed to
use of mobile telephony for communication and cyberspace for seeking information, in order
to interact in the learning ecosystem in the phenomenon of participatory sensing. The future
of quality education is to leverage technology to help both the student and the instructor or
trainer, to promote Kenya's industrial and national growth by the development of a skilled
workforce
GDP-indexed Bond And Budget Financing Options In Kenya
No full textThis study analyses some selected factors that could influence the adoption of Gross
Domestic Product (GDP)-indexed bonds to finance budget deficits in Kenya. Its
specific objectives are to examine how the openness of the economy, capital market
development, government credibility and volatility of returns could influence the use
of GDP-Indexed Bonds to finance budget deficit in Kenya. It adopted the explanatory
research design with utilization of secondary data sources. Descriptive statistics such
as means, percentages, and frequencies; and inferential statistics such as Pearson
correlation and regression analysis were used to analyze the data. The findings show
that openness of the economy, government credibility, capital markets development
and volatility of returns had significant and positive relationships with the feasibility
of GDP-Indexed Bonds to finance budget deficits. The study concluded that, ensuring
openness of the economy, development of capital markets, credibility of the
government as well as the predictability and steadiness of stocks returns could
enhance the adoption of GDP-Indexed bonds to finance budget deficits in Kenya. It
was recommendations government should focus on strategies to curb corruption,
ensure stable fiscal rules, openness of the economy, as well as checking market
shocks to enhance stable economy
Framework For Effective E-waste Management In Government Of Kenya: A Case Study Of The Ministry Of Ict, Innovation & Youth Affairs
Get PDFWith the rapid developments in technology, electrical and electronic equipment tend to have
a shorter economic life and today people are faced with a new type of waste called electronic
waste (Didem & Kiraz, 2019a) . The research aimed at studying the e-waste management
practices in government ministries in Kenya and specifically focused on the Ministry of ICT.
The objectives included identification of the electronic product used, their impact, challenges,
e-waste management practices and recommendations of overcoming the challenges. The
research was descriptive in nature and used both qualitative and quantitative research designs
for the study. The target population included 451 employees in the ministry while the sample
consisted of 110 regular employees (25%) and 11 heads of departments (100%). Random
sampling was used to identify the respondents while data was collected through semi
structured questionnaires. The data was subjected to WEKA for further analysis and revealed
that BayesNes was the most appropriate decision tree model for effective management of e waste in government ministries based on its high level of accuracy. A framework was
developed for ensuring effective management of e-waste in the public sector. The findings
revealed that there is a general problem with the management of e-waste in the public sector.
Additionally, it was revealed that most employees are not aware of e-waste management
practices and have not been trained on e-waste management. Further, the research revealed
that no trainings have been conducted on e-waste management and there is no policy to
govern the same. The findings could be used by the public sector and other stakeholders in
planning for and effectively managing e-waste in Kenya
Influence Of Banking Practices On Development Green Finance In Kenya
No full textThe pressure for the government and private institutions to play a role in reducing the carbonprint has been on the rise in recent years. taking various steps, the Kenyan financial industry has been lagging behind in the adoption and development of green finance initiatives. This study sought after the influence of banking institutions on the development of green finance initiatives. The specific goal was to assess how banking regulations, green banking policies and banking institutions incentives impact the development of green finance initiatives. The institutional theory, stakeholder theory and resource dependence theory formed the study’s basis. A positivism research philosophy with a cross-sectional research design were adopted. The study’s unit of analysis was 41 commercial banks operating in Kenya, with the unit of observation being 3-senior level managers within the banks. The respondents were sampled through census sampling. The drop and pick method were adopted in collecting questionnaires which were the study’s main data collection tools. Analysis involved use of descriptive and inferential analysis techniques and presentation was in the form of charts and tables. A 72% response rate was obtained with findings showing that most respondents were either branch managers or strategy managers, with most being male staffers with considerable experience in the banking industry. The analysis showed that commercial banks have witnessed improvement in green credit, green mortgages, green bancassurance products and green project financing. The correlation tests showed that banking regulations and green policies positively affect the development of green finance while banking incentives only moderately improved green finance development. Regression analysis revealed that 76.3% of changes in the development of green finance development are results of initiatives started by banking institutions. Conclusions were that while green banking policies and banking regulations have significant positive effects on development of green finance, banking incentives haven’t had a strong positive influence. Recommendations were for the government to become more proactive in their incentive programs and tax exemptions since this would help to increase investment towards green finance. Further, banks are recommended to form strategic alliances with development agencies since this would improve the banks’ capacity to push their partners to develop green finance initiatives