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Effects Of Strategic Human Resource Management Practices On Performance Of Public Hospitals In Kenya
The human factor is a critical element in the attainment of quality healthcare services, though its management has been controversial and contentious. Public hospitals are the main referral for many people especially for those who are unable to pay private healthcare services. However, the public hospitals are marred by a lot of Strategic Human Resource Management challenges like employee turnover, low salaries, lack of promotions, lack of training and development and so many others. As a result of this, the health professional staff do engage in constant battles through their unions to seeks attention for collective bargaining agreements and etc., of which some are honored and some ignored leading to perpetual “in and out” of street protests, strikes and even go slows. This study sought to look at SHRM practices at the public hospitals in Kajiado, Kiambu, Machakos, and Nairobi counties and their influence on performance. The study identifies training and development, performance appraisal, recruitment and selection, and staff motivation asthe SHRM practices. The study used a descriptive design, and the target population was 380 respondents out of which a sample of 195was used comprising of Human Resource& administration. Questionnaires were the main tool for data collection. Both descriptive and inferential statistics were conducted. Several tests were done including T-test, F-test, ANOVA, and finally regression analysis. The findings of the study helped determine how the various SHRM practices influence the performance of public hospitals in Kajiado, Kiambu, Machakos, and Nairobi counties. The study found that training and development, performance appraisal, recruitment and selection, and staff motivation all had significant relationship with performance of public hospitals in Kenya. The predictor variables explained 61% of change in performance of public hospitals. The study recommended that similar study to be done on private hospitals, public hospitals in other counties apart from the aforementioned, and other strategic human resource practices to account for 39% change in performance
Effect Of Financial Innovation On Financial Performance Of Commercial Banks In Kenya
The Kenyan commercial banking sector is experiencing unprecedented changes attributable to technological adoption. Currently, tremendous and significant changes are being witnessed in the commercial which have resulted and continues to shock the financial market with diversified, customer oriented financial products. All these changes are wholly or partially driven by the urge of being on top of the market and outdo the wits of their competitors. These technological disruptions have not only been embraced by the institution to increase its profit books but to ensure the dynamic market is well utilized. These changes have made the commercial banks to revitalize their profit driven motive amidst the competitive globalized financial market. The main goal of this study was to determine the effect of financial innovations on the financial performance of commercial banks in Kenya. This research was guided by the following hypotheses which informed the study; Mobile banking, Agency banking, Self-service banking and internet banking have no significant effect on commercial banks performance. The target population comprised all the eight (8) tier one commercial banks in Kenya. Data on their performance with the respective independent variables was sourced from the Central Bank of Kenya (CBK) database. Panel data regression analysis was employed as the methodological tool for analysis. The analysed data was presented using tables, graphs and pie charts. The correlation analysis showed that mobile banking, internet banking, agency banking and self-service banking had a positive relationship with return on assets. The study concluded that mobile banking, internet banking, agency banking and selfservice banking have a positive effect on financial performance of tier 1 commercial banks in Kenya. The study recommends that commercial banks adopt other financial innovations in order to increase their financial performance
Uhakiki wa Nafasi ya TEKNOHAMA katika Kukuza Maudhui katika Tamthilia ya Kigogo
Fasihi ni zao la jamii na hubadilika kila uchao. Uwakilishi wa suala la
TEKNOHAMA katika tamthilia za kisasa umechukua mkondo mpya.
Hii ni kwa sababu, kutokana na jinsi dunia inavyobadilika ndivyo
masuala ya kiteknolojia pia yanavyoathiri fasihi ya sasa na
kuipa mguso
na taathira mpya. Licha ya uwakilishi wa TEKNOHAMA kuwa na
umuhimu katika kukuza fani na maudhui katika fasihi, mchango wake
katika tamthilia ya
Kigogo
haujafanyiwa utafiti, suala linalomchochea
mtafiti kulitafiti. Lengo kuu la utafiti huu ni
kutathmini mchango wa
TEKNOHAMA katika kukuza maudhui katika tamthilia ya
Kigogo
ya
Pauline Kea (2016). Utafiti huu unaongozwa na Nadharia ya Uhalisia.
Uteuzi wa sampuli utafanywa kimakusudi na utafiti wenyewe ni wa
muundo wa kiudhamano. Mtafiti atasoma ma
kala mbali mbali
kuhusiana na mada na kisha kuichanganua data kwa njia ya kimaelez
Effects Of Working Capital Management Practices On Financial Performance Of Food And Beverage Manufacturing Companies In Kenya
In the recent past, the Food and Beverages manufacturing industry has been facing challenges to thrive and this has resulted in some of the companies in the sector to close and others relocate to other countries. This follows the unfavorable working environment in the country including individual firms challenge. The challenges force the organizations to maintain either inadequate or excess working capital levels. These working capital levels maintained are not desirables in the current competitive market. Working capital management practices involves managing the firm's inventory, receivables and payables in order to achieve a balance between risk and returns and thereby contribute positively to the creation of a firm’s value. Excessive investment in inventory and receivables reduces the profits, whereas too little investment increases the risk of not being able to meet commitments as and when they become due. This study aimed at examining the effects of working capital management practices on financial performance of food and beverage manufacturing companies in Kenya. The dependent variable was financial performance and the independent variables were inventory management practices, cash management practices, accounts receivable practices and accounts payable practices. A descriptive research design was used in the study. The target population was 181 food and beverage manufacturers in Kenya registered under KAM. The sample for the study was all the 65 food and beverage manufacturing companies in Nairobi county which are spread across various sub-sectors of food and beverage. The study used primary data. Questionnaires were administered as the preferred primary data collection instrument. Data analysis was done using Stata software. Diagnostic tests on normality, randomness of residuals, multicollinearity and homoscedasticity of the residuals was carried out to ensure goodness of fit. Mean, Standard deviation, and Regression analysis were calculated. The analyzed information was presented in tables, charts and figures for interpretation to establish the relationship between financial performance and working capital management practices for food and beverage manufacturing firms.The study found that in relation to inventory management practices that the firm periodically forecasts inventory requirements. The study further established that with regard to cash management, the company updates prepayment schedule. In relation to accounts receivable, credit limit is set for each customer. Additionally, regarding accounts payable practices the firm has set up payment policy. At 5% level of significance and 95% level of confidence, inventory management practices and accounts receivable practices, were significant on financial performance of food and beverages companies in Kenya. Cash management practices and accounts payable practices are not statistically significant in explaining financial performance. The study concluded that the company periodically forecast inventory requirements, credit limit is set for each customer and that the firm has set up payment policy. The study recommends the use of various inventory management practices and accounts receivable practices in management working capital amongst the food and beverage companies in Kenya
Application of Machine Learning for Estimating Kenyan Motor Vehicle Insurance Premium
Motor vehicle damage insurance is the most common type of insurance in the world and one that generates the largest
amount of loss for most insurance companies. In Kenya especially, the challenge faced by insurers is to balance the
growth of the motor vehicle insurance business by increasing the customer base while also maintaining the profitability
of this sector. It is crucial to identify the main causes of motor vehicle damage, its impact on revenue for insurers and
factors that contribute to high motor claims to enable more accurate estimates of risk versus premium paid. In recent
years the interest has increased in the use of information technology (IT) and statistical machine learning methods,
supported by increasing computing capabilities, data availability and the trend towards automation. Statistical regression
models have numerous applications in this regard. This paper explores applicability of new machine learning techniques
such as tree-boosted models to optimize the proposed premium of prospective policy holders. It proposes two machine
learning models for pricing motor vehicle damage insurance (decision trees and regression). The aim is to identify
sources of risks in motor vehicles and the variables for motor vehicle premium determination. Data from insurance
companies has been used, which is made up of the premium rates and compensations, and other variables such as age,
driver's experience, etc. Results will be used to advise the insurance companies on how to charge premiums dynamically
Effect Of Firm Characteristics On The Financial Performance Of Insurance Companies In Kenya
Insurance makes a noteworthy contribution to financial development and improvement of
the economy and is a vital part in cultivating business investment and infrastructural
progression and expansion. Insurance facilitates economic dealings by providing
indemnification and risk transfer. It also encourages management of risks while
promoting safe practices in business transactions, encourages financial steadiness by
offering long-lasting investment in the economy. Insurance also stimulates steady and
viable savings and in provision of pension. The performance of insurance is, therefore, a
critical component that warrants attention. In light of the above preceding, the foundation
of the study was to evaluate the effects of firm characteristics on the performance of
insurance companies in Kenya. The objectives of the research were to evaluate the effects
of size, liquidity, leverage and diversification on the financial performance of insurance
companies in Kenya. The research was guided by agency theory, trade-off theory, and the
pecking order theory. This research problem adopted the use of a descriptive design. The
target population was 53 insurance companies operating in Kenya. Secondary data of the
period 2013-2017 obtained from insurance regulatory authority was used. The panel data
collected was analyzed through descriptive and inferable statistics like multiple
regression to find the effect between the predictor and predicted variables. Panel data
analysis using STATA software was carried out. Diagnostic tests were carried out on the
model. The results were presented using graphs, charts, and tables. The research
established that the firm size had no significant effect on the financial performance of the
insurance companies in Kenya. The study further established that liquidity positively
affected the financial performance of the insurance companies in Kenya. The effect was
however not significant. The effect of leverage on the financial performance was negative
and significant. Finally, diversity negatively affected the financial performance of
insurance companies in Kenya insignificantly. The study recommended that smaller firms
should consider merging to reap from the economies of scale. The insurance companies
should strengthen their liquidity to enhance their financial performance. Further,
Insurance companies should keep low their debts and maximize their equity to enhance
their financial performance. Lastly, insurance companies need to specialize of few
products that will maximize their profitability
Efficiency Factors For Linear Contrasts In Confounded Asymmetrical Factorial
With reference to a confounded asymmetrical design for an factorial experiment, a very powerful tool for expressing factorial arrangements in a compact and convenient form has been given and also used in this paper in order to derive efficiency factors of the said designs. The concept of orthogonal factorial structure and balance has been explained and a characterization for balance with orthogonal factorial structure has been given. An expression is derived for efficiency factors of linear contrasts. This expression involves Kronecker product matrices. An example is also given to show how efficiency factors of confounded asymmetrical factorial designs are calculated
Effect Of Rebranding Strategy On Customer Perception Of Airtel And Telkom Kenya In Nairobi County
Understanding the concept of branding and rebranding has been a challenge across the years despite the level of attention that the area has consistently received. Customer perception is very diverse as different customers interpret information or stimulus they receive about a brand in their own unique ways. Knowledge of customer perception towards an organization helps the organization build a marketing strategy that delivers results. The objective of the study therefore was to establish the impact of rebranding on customer perception of Telkom and Airtel Kenya. Specifically, the study sought to examine the effect of brand redesigning on customer perception, effect of brand re-awareness on customer perception, effect of brand repositioning on customer perception, effect of brand re-identity on customer perception and the moderating effect of customer value on the relationship between rebranding and customer perception. The study adopted a descriptive cross sectional survey of 384 Airtel/Telkom Kenya customers in Nairobi. A simple random sampling procedure was applied in selecting the participants for each organization. Data analysis was done through using descriptive statistical approach and regression analysis using the SPSS programme. Rebranding had a significant positive effect on customer perception and the study recommend the use of brand awareness strategy as key influencer of customer perception
Factors Influencing Retail Investors Investment Decisions In Kenya’s Balanced Funds
The collective investment schemes industry has had a steady growth in Kenya growing from an assets under
management of 13Bn in Dec 2009 to 61Bn in March 2019. However, 78% of the retail investors have
placed their funds in the money market fund despite availability of other funds with potentially higher
returns like the balanced fund with a 7% return per share. The purpose of this study was to establish the
factors influencing retail investors’ investment decisions in Kenya’s balanced funds. The study was guided
by the following objectives; to determine the influence of fund performance, fund manager’s reputation, risk
perception and management expenses on retail investors’ investment decisions in Kenya’s balanced funds.
To achieve the research objectives of our study, descriptive research design was adopted and primary data
was collected using a questionnaire. The target population was 1,210 retail investors who had invested in
Balanced Funds with 6 fund managers licensed by CMA in Kenya. Using stratified sampling technique, a
sample of 10% translating to 121 retail investors was selected. Data was analyzed using descriptive statistics
and multiple regression analysis with the help of statistical package for social sciences (SPSS). Data
analysed was presented using tables, pie charts and graphs. The regression results revealed that fund
performance, fund manager’s reputation and risk perception have a significant positive effect on the
investment decisions among the retail investors while management expenses has a significant negative
effect on the investment decisions among the retail investors. Thus, investors should consider fund
performance, fund manager’s reputation, risk perception and management expenses while making
investment decisions in Kenya’s balanced funds. Fund managers should continuously improve on their skills
and knowledge to always generate high returns on the balanced fund through efficient asset allocation.
Lastly, Fund managers must consider the changing perceptions, especially risk perception of investors while
launching new products as this will significantly help towards growing the mutual funds industry
Effect Of Micro-finance Credit Requirements On The Level Of Credit Uptake Of Small Scale Enterprises In Nairobi County, Kenya
This study sought to establish the effect of micro-finance credit requirements on the level of credit uptake of small scale enterprises in Nairobi county, Kenya. The study was guided by three objectives which are to determine the effect of micro-finance interest rates, to evaluate the effect of micro-finance credit repayment duration, and to assess the effect of microfinance collateral requirements on the level of credit uptake of Small Scale Enterprises in Nairobi County, Kenya. Some theories used to support the objectives included financial inclusion theory, imperfect information theory, and financial intermediation theory. The study used descriptive research to collect data; open and closed questionnaires were in the collection of data. The target population was 21,000 small scale enterprises out of which only 56 were sampled but only 48 questionnaires were used in the actual study of the research. To enhance validity the questionnaire was reviewed by the project supervisor. The researcher thereafter analyzed the data through sorting and editing of the questionnaire to avoid errors. MS excel was used to help in data entry and to spot any inconsistency. It was found out that the objective of the study affected the uptake of loan by the small scale enterprises. The study found out that interest rates had great effect to the level of credit uptake by SMEs and that if the interest rates were high then the uptake was low, credit payment duration affected the repayment rate of uptake; if the duration was longer then SMEs would opt for credit uptake than MFIs which offered short repayment period. The study found that collateral requirement was a major hindrance to SMEs taking up the loans. The study recommendation enabling environment for small scale enterprises to grow and thrive, therefore there is a need to develop strategies to enhance increased access to microfinance credit for small scale enterprises from commercial banks and other financial institutions and government to set up policies that will ease microfinance credit to small scale enterprises research. The study suggested for other areas to establish how interest rate, collateral requirement and credit repayment duration affects the profitability of the small scale enterprises and their operations