The study sought to investigate the effect of cost of production on financial performance of selected poultry rearing farmers in Kiambu County, Kenya. The study was guided by specific objectives including; the effect of feed costs, the effect of poultry equipment, the effect of brooding costs and the effect of medication costs on financial performance of selected poultry rearing farmers in Kiambu County, Kenya. The study was anchored on cash conversion cycle theory, transaction cost of economics theory, resource-based theory and operating cycle theory. The study adopted descriptive research design and a sample size of 350 respondents. Snow ball sampling method was used to reach the respondents since their location was not well defined. Primary data was collected using questionnaires that was pilot tested to ensure its valid and reliable. Descriptive statistics of mean, percentages and standard deviation and inferential statistics including multiple regression analysis were conducted. The study findings revealed that production cost including feeding cost, poultry equipment, brooding cost and medication cost all individually had a statistically significant effect on financial performance and therefore all the null hypotheses were rejected. Feeding cost and medication cost had negative statistically significant effect, hence concluding that when the cost for feeds and medication increases, they lead to a decrease in financial performance. Also increase in poultry equipment and brooding cost were found to positively affect performance concluding that when the farmers increase investment in relevant equipment and brooding, financial performance improves. On feeding cost and medication cost, the study recommends that the farmers through the regulators to lobby for subsidies from the government so as to lower the cost of production. The study further recommends the farmers to invest in heavy technology in terms of equipment and brooding costs since greatly increase their financial performance.
{"title":"Cost of Production and Financial Performance of Selected Poultry Rearing Farmers in Kiambu County, Kenya","authors":"Elvin Kibunja, S. Musau","doi":"10.35942/7h3v8c56","DOIUrl":"https://doi.org/10.35942/7h3v8c56","url":null,"abstract":"The study sought to investigate the effect of cost of production on financial performance of selected poultry rearing farmers in Kiambu County, Kenya. The study was guided by specific objectives including; the effect of feed costs, the effect of poultry equipment, the effect of brooding costs and the effect of medication costs on financial performance of selected poultry rearing farmers in Kiambu County, Kenya. The study was anchored on cash conversion cycle theory, transaction cost of economics theory, resource-based theory and operating cycle theory. The study adopted descriptive research design and a sample size of 350 respondents. Snow ball sampling method was used to reach the respondents since their location was not well defined. Primary data was collected using questionnaires that was pilot tested to ensure its valid and reliable. Descriptive statistics of mean, percentages and standard deviation and inferential statistics including multiple regression analysis were conducted. The study findings revealed that production cost including feeding cost, poultry equipment, brooding cost and medication cost all individually had a statistically significant effect on financial performance and therefore all the null hypotheses were rejected. Feeding cost and medication cost had negative statistically significant effect, hence concluding that when the cost for feeds and medication increases, they lead to a decrease in financial performance. Also increase in poultry equipment and brooding cost were found to positively affect performance concluding that when the farmers increase investment in relevant equipment and brooding, financial performance improves. On feeding cost and medication cost, the study recommends that the farmers through the regulators to lobby for subsidies from the government so as to lower the cost of production. The study further recommends the farmers to invest in heavy technology in terms of equipment and brooding costs since greatly increase their financial performance.","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"24 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141109994","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}
This study sought to examine the influence of virtual banking which uses internet as a means of communication to deliver banking services on the growth of customer base of commercial banks with specific focus on Nairobi County, Kenya. The objective of the study was determining how adaptability of virtual banking; establish affordability of virtual banking; assess accessibility to virtual banking and determine the moderating effects of adaptability, affordability, and accessibility on customer base growth of commercial banks in Nairobi County, Kenya. The study showed how adaptability, affordability, and accessibility of virtual banking influence customer base growth. This study was anchored on three key theories, Innovation Diffusion theory, Theory of Planned Behaviour and Technology Acceptance model. The study adopted descriptive survey research design and use stratified random sampling. The target population was 84 management staff, 120 Tellers, 150 retail customers, 100 corporate customers and 50 System Administrators from Tier I, II and III commercial banks in Nairobi County. The sample size comprised of 36 management staff, 51 Tellers, 64 retail customers, 43 corporate customers and 21 System Administrators. Responses were received from 200 respondents which translates to 91.7% response rate. A structured questionnaire was used to gather the primary research data through drop and pick later data collection procedure. Data was cleaned before being entered for analysis with the help of SPSS-26. Data was analysed using descriptive statistics and presented inform of tables and figures. This enabled the researcher to determine the contribution made by the independent variables on the dependent. Pearson correlation coefficient of 0.733 shows that virtual banking accessibility had a positive significant correlation with growth of customer base (r = 0.733, p < 0.05); virtual bank adaptability (r = 0.755, p < 0.05); virtual bank affordability (r = 0.895, p < 0.05); internet (r = 0.572, p > 0.05). The overall R2= 0.834 indicates that 83.4 percent of the variation in growth of customer base was explained by the independent variables while 16.6 % variation in the dependent variable is explained by other factors that were not included in current study. The study recommends for a review on the cost of online transactions so as encourage more customers to use the virtual banking platforms. There is need also to enhance network coverage in the country and especially in the remote places.
{"title":"Virtual Banking and Growth of Customer Base of Commercial Banks in Nairobi City County, Kenya","authors":"Irene Jebet, J. Karugu","doi":"10.35942/23r63383","DOIUrl":"https://doi.org/10.35942/23r63383","url":null,"abstract":"This study sought to examine the influence of virtual banking which uses internet as a means of communication to deliver banking services on the growth of customer base of commercial banks with specific focus on Nairobi County, Kenya. The objective of the study was determining how adaptability of virtual banking; establish affordability of virtual banking; assess accessibility to virtual banking and determine the moderating effects of adaptability, affordability, and accessibility on customer base growth of commercial banks in Nairobi County, Kenya. The study showed how adaptability, affordability, and accessibility of virtual banking influence customer base growth. This study was anchored on three key theories, Innovation Diffusion theory, Theory of Planned Behaviour and Technology Acceptance model. The study adopted descriptive survey research design and use stratified random sampling. The target population was 84 management staff, 120 Tellers, 150 retail customers, 100 corporate customers and 50 System Administrators from Tier I, II and III commercial banks in Nairobi County. The sample size comprised of 36 management staff, 51 Tellers, 64 retail customers, 43 corporate customers and 21 System Administrators. Responses were received from 200 respondents which translates to 91.7% response rate. A structured questionnaire was used to gather the primary research data through drop and pick later data collection procedure. Data was cleaned before being entered for analysis with the help of SPSS-26. Data was analysed using descriptive statistics and presented inform of tables and figures. This enabled the researcher to determine the contribution made by the independent variables on the dependent. Pearson correlation coefficient of 0.733 shows that virtual banking accessibility had a positive significant correlation with growth of customer base (r = 0.733, p < 0.05); virtual bank adaptability (r = 0.755, p < 0.05); virtual bank affordability (r = 0.895, p < 0.05); internet (r = 0.572, p > 0.05). The overall R2= 0.834 indicates that 83.4 percent of the variation in growth of customer base was explained by the independent variables while 16.6 % variation in the dependent variable is explained by other factors that were not included in current study. The study recommends for a review on the cost of online transactions so as encourage more customers to use the virtual banking platforms. There is need also to enhance network coverage in the country and especially in the remote places.","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139260037","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}
Worldwide, the effectiveness of the government plays a significant role in fostering economic growth within a nation. This is because the government is responsible for nurturing a skilled workforce, creating a business-friendly regulatory and investment climate, and developing the necessary infrastructure for the flow of goods and information. In this context, the audit committee serves a vital function by overseeing and helping the board monitor an organization's responsibilities, making their role crucial in ensuring sound financial management. In Kenya like other developing countries, the public expectations and priorities are changing. Assessing the effectiveness and efficiency of the public sector through performance measurement has been widely acknowledged as essential. Despite a growing demand for public services, the prevailing financial limitations force numerous public organizations to accomplish their goals with fewer available resources. However, these can only be assured through effective auditing of the public sector. Recently, the government of Kenya has recommended the constitution of audit committees of all government ministries. The purpose of the research is to explore how audit committee qualities affect the IEBC's performance in Kenya. The specific objectives were to determine the effect of audit committee member qualifications, size, independence and gender diversity on the performance of the independent Electoral and Boundaries Commission in Kenya. The population of study was the management staff at the IEBC secretariat who total to 129. This consisted of 129 respondents. A sample of 65 respondents, constituting 50% of the target population, was randomly selected for this study. Primary data was collected utilizing self-administered semi-structured questionnaires. This analysis was helped by the employment of SPSS software. The findings were disseminated using various visual aids such as tables, charts, graphs, frequencies, and percentages. The research findings from this study offered an opportunity for individual parastatals and the public sector to assess their audit committee characteristics in comparison to other entities within the same sector in the country. This assessment enabled them to identify both the strengths and weaknesses in their audit committee practices.
{"title":"Audit Committee Characteristics and Performance of The Independent Electoral and Boundaries Commission, Kenya","authors":"Hudson Salenoi, Samuel Maina","doi":"10.35942/9em1mm02","DOIUrl":"https://doi.org/10.35942/9em1mm02","url":null,"abstract":"Worldwide, the effectiveness of the government plays a significant role in fostering economic growth within a nation. This is because the government is responsible for nurturing a skilled workforce, creating a business-friendly regulatory and investment climate, and developing the necessary infrastructure for the flow of goods and information. In this context, the audit committee serves a vital function by overseeing and helping the board monitor an organization's responsibilities, making their role crucial in ensuring sound financial management. In Kenya like other developing countries, the public expectations and priorities are changing. Assessing the effectiveness and efficiency of the public sector through performance measurement has been widely acknowledged as essential. Despite a growing demand for public services, the prevailing financial limitations force numerous public organizations to accomplish their goals with fewer available resources. However, these can only be assured through effective auditing of the public sector. Recently, the government of Kenya has recommended the constitution of audit committees of all government ministries. The purpose of the research is to explore how audit committee qualities affect the IEBC's performance in Kenya. The specific objectives were to determine the effect of audit committee member qualifications, size, independence and gender diversity on the performance of the independent Electoral and Boundaries Commission in Kenya. The population of study was the management staff at the IEBC secretariat who total to 129. This consisted of 129 respondents. A sample of 65 respondents, constituting 50% of the target population, was randomly selected for this study. Primary data was collected utilizing self-administered semi-structured questionnaires. This analysis was helped by the employment of SPSS software. The findings were disseminated using various visual aids such as tables, charts, graphs, frequencies, and percentages. The research findings from this study offered an opportunity for individual parastatals and the public sector to assess their audit committee characteristics in comparison to other entities within the same sector in the country. This assessment enabled them to identify both the strengths and weaknesses in their audit committee practices.","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"31 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139260392","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}
Deposit taking SACCOs have contributed to financial deepening and increased financial inclusion in Kenya because they improve social and economic welfare of members. However, the sector has seen several institutions collapsing. Current studies on non-performing loans for Saccos have focused on credit management practices such as credit scoring systems and repayment enforcement practices that are specific to banks and this do not align with the goal of Sacco’s business models. This study seeks to include the practice of using guarantors and its efficacy in control of non-performing loans relative to the mainstream practices established by financial institutions like banks. The main purpose of this study was to assess the relationship between loan management practices and non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya. The study has three specific objectives; to determine the effect of credit scoring systems on non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya, to assess the effect of guarantorships requirements on non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya and to find out the effect of repayment enforcement practices on non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya. This study is anchored on three theories: lender-based theory of collateral, informal finance theory and financial intermediation theory. This study adopted a descriptive research design. The population of this study was all deposit taking SACCOs in Kenya. A sample of 44 deposit taking SACCOs within Nairobi County was selected. This study collected primary data by use of a structured questionnaire. Data analysis was done using descriptive statistics such as averages and standard deviations and inferential statistics in a regression model by use of SPSS. Presentation of data was done using tables and graphs. Results were reported using robust standard errors model. Findings showed that credit scoring systems, guarantorship requirements and repayment enforcement practices had a negative and insignificant effect on non-performing loans for deposit taking Saccos in Kenya. This means that all loan management components examined in this study better loan performance. It is recommended that SACCOs need to lay more emphasis on establishing robust and apt frameworks for mitigating non-performing loans other than those credit scoring systems, guarantorship requirements and repayment enforcement practices this has insignificant effect on non-performing loans.
{"title":"Effect of Loan Management Practices on Non-Performing Loans for Deposit Taking Savings and Credit Cooperative Societies in Kenya","authors":"Kennedy Omondi, Renson Muchiri","doi":"10.35942/4fjhrg83","DOIUrl":"https://doi.org/10.35942/4fjhrg83","url":null,"abstract":"Deposit taking SACCOs have contributed to financial deepening and increased financial inclusion in Kenya because they improve social and economic welfare of members. However, the sector has seen several institutions collapsing. Current studies on non-performing loans for Saccos have focused on credit management practices such as credit scoring systems and repayment enforcement practices that are specific to banks and this do not align with the goal of Sacco’s business models. This study seeks to include the practice of using guarantors and its efficacy in control of non-performing loans relative to the mainstream practices established by financial institutions like banks. The main purpose of this study was to assess the relationship between loan management practices and non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya. The study has three specific objectives; to determine the effect of credit scoring systems on non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya, to assess the effect of guarantorships requirements on non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya and to find out the effect of repayment enforcement practices on non-performing loans for deposit taking Savings and Credit Cooperative Societies in Kenya. This study is anchored on three theories: lender-based theory of collateral, informal finance theory and financial intermediation theory. This study adopted a descriptive research design. The population of this study was all deposit taking SACCOs in Kenya. A sample of 44 deposit taking SACCOs within Nairobi County was selected. This study collected primary data by use of a structured questionnaire. Data analysis was done using descriptive statistics such as averages and standard deviations and inferential statistics in a regression model by use of SPSS. Presentation of data was done using tables and graphs. Results were reported using robust standard errors model. Findings showed that credit scoring systems, guarantorship requirements and repayment enforcement practices had a negative and insignificant effect on non-performing loans for deposit taking Saccos in Kenya. This means that all loan management components examined in this study better loan performance. It is recommended that SACCOs need to lay more emphasis on establishing robust and apt frameworks for mitigating non-performing loans other than those credit scoring systems, guarantorship requirements and repayment enforcement practices this has insignificant effect on non-performing loans.","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"30 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139268534","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}
The major purpose for which any company is formed is to generate profits for the shareholders. Profits are meant to keep growing and not static if the business is to be sustainable. Profits refer to the gains used for the benefit of the business stakeholders and is generally calculated after a specified period of time, for example within a financial year. The profitability of a business can be described as the ratio that provides more information about the profit number benchmarked against a given point of reference like the investments or equity of a firm. Through the profitability, the company is able to determine its combined success in the market that is crucial to its growth and survival more so to manufacturing firms. Profitability ratios are also used in examining the financial health of a company. The profits of the 9 manufacturing firms listed in the Nairobi Securities exchange has been dwindling for the period under study triggering the researcher to want to know whether declining profits was in any way related to the working capital management practices. The general objective of the study was to investigate working capital management practices on profitability of manufacturing firms listed in Nairobi Securities Exchange. The specific objectives of the study were; to analyze the effect of cash holding management practices on profitability of manufacturing firms listed in NSE, to determine the influence of inventory management practices on profitability of manufacturing firms listed in NSE, to assess the effect of current liabilities management practices on profitability of manufacturing firms listed in NSE and to analyze the influence of debtors’ management practices on profitability of manufacturing firms listed. The research relied heavily on the cash conversion cycle theory, the profit innovation theory, and the credit theory. The research strategy used in this study was explanatory. Nine manufacturing companies trading on the Nairobi Stock Exchange were the focus of the research. Due to the small sample size, the research relied on census data. Secondary data was gathered from the publicly available financial statements of the targeted organizations for the time period. The data was analyzed using the 23rd edition of the Social Science Statistical Package (SPSS).It was decided to do a panel data analysis. Secondary data in the form of panel data was used for the study, which spanned the years 2014 to 2022. The way in which cash is handled by management has a major impact on the bottom line. The financial success of companies trading on the NSE's manufacturing index is also significantly impacted by how well they manage their inventories. A company's financial success is significantly impacted by how well it handles its current obligations and by how well it handles its debtors. According to the study's findings, NSE-listed manufacturing businesses' financial performance may be described by differences in cash holding management meth
{"title":"Working Capital Management Practices on Profitability of Manufacturing Firms Listed in Nairobi Securities Exchange, Kenya","authors":"Elias Kihara, James Muturi","doi":"10.35942/w7mt2g66","DOIUrl":"https://doi.org/10.35942/w7mt2g66","url":null,"abstract":"The major purpose for which any company is formed is to generate profits for the shareholders. Profits are meant to keep growing and not static if the business is to be sustainable. Profits refer to the gains used for the benefit of the business stakeholders and is generally calculated after a specified period of time, for example within a financial year. The profitability of a business can be described as the ratio that provides more information about the profit number benchmarked against a given point of reference like the investments or equity of a firm. Through the profitability, the company is able to determine its combined success in the market that is crucial to its growth and survival more so to manufacturing firms. Profitability ratios are also used in examining the financial health of a company. The profits of the 9 manufacturing firms listed in the Nairobi Securities exchange has been dwindling for the period under study triggering the researcher to want to know whether declining profits was in any way related to the working capital management practices. The general objective of the study was to investigate working capital management practices on profitability of manufacturing firms listed in Nairobi Securities Exchange. The specific objectives of the study were; to analyze the effect of cash holding management practices on profitability of manufacturing firms listed in NSE, to determine the influence of inventory management practices on profitability of manufacturing firms listed in NSE, to assess the effect of current liabilities management practices on profitability of manufacturing firms listed in NSE and to analyze the influence of debtors’ management practices on profitability of manufacturing firms listed. The research relied heavily on the cash conversion cycle theory, the profit innovation theory, and the credit theory. The research strategy used in this study was explanatory. Nine manufacturing companies trading on the Nairobi Stock Exchange were the focus of the research. Due to the small sample size, the research relied on census data. Secondary data was gathered from the publicly available financial statements of the targeted organizations for the time period. The data was analyzed using the 23rd edition of the Social Science Statistical Package (SPSS).It was decided to do a panel data analysis. Secondary data in the form of panel data was used for the study, which spanned the years 2014 to 2022. The way in which cash is handled by management has a major impact on the bottom line. The financial success of companies trading on the NSE's manufacturing index is also significantly impacted by how well they manage their inventories. A company's financial success is significantly impacted by how well it handles its current obligations and by how well it handles its debtors. According to the study's findings, NSE-listed manufacturing businesses' financial performance may be described by differences in cash holding management meth","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"7 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134909620","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}
Venture capital investment is concept that has increasingly attracted an attentions and expansion in the recent past. Many developed countries have so far embraced this increasing the production firms increasing and improving their national income generation and thus spurring economic growth. On the other hand, this is not the case with developing countries. Thus, this study seeks to examine the determinants of venture capital investment among developing economies, in which the case study was Kenya. The study objectives were; to examine the effect of financial innovations on the growth of venture capital in Nairobi city County, Kenya; to assess the influence of corporate governance on the growth of venture capital in Nairobi City County, Kenya; to establish the effect of diversification on the growth of venture capital in Nairobi City County, Kenya. Four theories underpinned the study that is the pecking order theory, portfolio theory and stakeholder theory and resource-based theory. Also, this study employed a descriptive design. The target population for the current study was a total of 33 venture capital firms operating within Nairobi City County. The respondents were a total of 33 fund’s managers, and 76 employees from the firms making a total of 109 respondents. Questionnaires be used in primary data collection. The validity and reliability were ascertained through content validity where a research expert and supervisor were employed for validity while pilot test was conducted to ascertain reliability by calculating Cronbach alpha to measure the internal consistence. The threshold of the Cronbach's bar alpha is 0.7. Data collection was done where questionnaires were distributed to the respondents using the drop and pick method and the respondents were then be allowed a two-week period respond to the questionnaire. Collected data were then be analysed using descriptive statistics, that is, frequencies, percentages, standard deviation, and mean. A Statistical Package for Social Sciences (SPSS) was used for data analysis. Findings were presented using bar charts, graphs, and diagrams for the purpose of easy analysis and interpretation. The study further conducted six diagnostic tests to ascertain normal distribution of data and to check internal consistence. Lastly, the study was done under strict ethical considerations that is an introduction letter was sought from the university, and research permit sought form the national commission for science, technology and innovation and respondent. From the results, three variables financial innovations, corporate governance and diversification depicted a positive and significant influence on the growth of venture capital in Nairobi County, Kenya. This implies that holding the three factors (FI, CG, and D) constant, the growth of venture capital in Kenya improved by 0.542 units at 0.008 level of confidence.
{"title":"Determinants of the Growth of Venture Capital in Nairobi City County, Kenya","authors":"Valentina Mwata, Mark P Suva","doi":"10.35942/ijcfa.v5i1.339","DOIUrl":"https://doi.org/10.35942/ijcfa.v5i1.339","url":null,"abstract":"Venture capital investment is concept that has increasingly attracted an attentions and expansion in the recent past. Many developed countries have so far embraced this increasing the production firms increasing and improving their national income generation and thus spurring economic growth. On the other hand, this is not the case with developing countries. Thus, this study seeks to examine the determinants of venture capital investment among developing economies, in which the case study was Kenya. The study objectives were; to examine the effect of financial innovations on the growth of venture capital in Nairobi city County, Kenya; to assess the influence of corporate governance on the growth of venture capital in Nairobi City County, Kenya; to establish the effect of diversification on the growth of venture capital in Nairobi City County, Kenya. Four theories underpinned the study that is the pecking order theory, portfolio theory and stakeholder theory and resource-based theory. Also, this study employed a descriptive design. The target population for the current study was a total of 33 venture capital firms operating within Nairobi City County. The respondents were a total of 33 fund’s managers, and 76 employees from the firms making a total of 109 respondents. Questionnaires be used in primary data collection. The validity and reliability were ascertained through content validity where a research expert and supervisor were employed for validity while pilot test was conducted to ascertain reliability by calculating Cronbach alpha to measure the internal consistence. The threshold of the Cronbach's bar alpha is 0.7. Data collection was done where questionnaires were distributed to the respondents using the drop and pick method and the respondents were then be allowed a two-week period respond to the questionnaire. Collected data were then be analysed using descriptive statistics, that is, frequencies, percentages, standard deviation, and mean. A Statistical Package for Social Sciences (SPSS) was used for data analysis. Findings were presented using bar charts, graphs, and diagrams for the purpose of easy analysis and interpretation. The study further conducted six diagnostic tests to ascertain normal distribution of data and to check internal consistence. Lastly, the study was done under strict ethical considerations that is an introduction letter was sought from the university, and research permit sought form the national commission for science, technology and innovation and respondent. From the results, three variables financial innovations, corporate governance and diversification depicted a positive and significant influence on the growth of venture capital in Nairobi County, Kenya. This implies that holding the three factors (FI, CG, and D) constant, the growth of venture capital in Kenya improved by 0.542 units at 0.008 level of confidence.","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122601031","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}
Efforts to revive ailing corporations across the world have mostly been centered on financial restructuring and re-engineering. Slow growth in the financial performance of insurance companies in Kenya coupled with low market penetration rate motivated the researcher’s interest to investigate the effect of Equity on financial performance of these organizations. Three theories namely the Modigliani and Miller Theory, the Pecking Order Theory, and the Trade Off Theory guided the study. The concepts of capital structure and financial performance as well as empirical literature are discussed in chapter two. A descriptive research design was adopted to describe the relationship between the variables of the study. Whereas equity capital forms the independent variable, financial performance as measured by ROA formed the dependent variable. The target population was a census of all insurance firms listed at the Nairobi Securities Exchange (NSE). The study used secondary data extracted from the annual financial reports of respective firms from 2016 to 2020. Data coding and analysis was done using version 28 of the SPSS and STATA version 18 software while financial ratios were calculated using Microsoft Excel spreadsheet. The data was then summarized using descriptive statistics which included the standard deviation and weighted means. There were significant positive correlations between ROA and Equity Ratio, suggesting that higher equity was associated with better financial performance (ROA). Overall, the findings indicated that Equity had a positive correlation with financial performance according to regression and panel data analysis. The study recommends that insurance corporations should prioritize equity over debt in their capital structure decisions so as to increase their financial performance
{"title":"Effect of Equity on Financial Performance of Listed Insurance Corporations In Kenya","authors":"K. Kipyegon, N. Agusioma, G. Naituli","doi":"10.35942/ijcfa.v5i1.333","DOIUrl":"https://doi.org/10.35942/ijcfa.v5i1.333","url":null,"abstract":"Efforts to revive ailing corporations across the world have mostly been centered on financial restructuring and re-engineering. Slow growth in the financial performance of insurance companies in Kenya coupled with low market penetration rate motivated the researcher’s interest to investigate the effect of Equity on financial performance of these organizations. Three theories namely the Modigliani and Miller Theory, the Pecking Order Theory, and the Trade Off Theory guided the study. The concepts of capital structure and financial performance as well as empirical literature are discussed in chapter two. A descriptive research design was adopted to describe the relationship between the variables of the study. Whereas equity capital forms the independent variable, financial performance as measured by ROA formed the dependent variable. The target population was a census of all insurance firms listed at the Nairobi Securities Exchange (NSE). The study used secondary data extracted from the annual financial reports of respective firms from 2016 to 2020. Data coding and analysis was done using version 28 of the SPSS and STATA version 18 software while financial ratios were calculated using Microsoft Excel spreadsheet. The data was then summarized using descriptive statistics which included the standard deviation and weighted means. There were significant positive correlations between ROA and Equity Ratio, suggesting that higher equity was associated with better financial performance (ROA). Overall, the findings indicated that Equity had a positive correlation with financial performance according to regression and panel data analysis. The study recommends that insurance corporations should prioritize equity over debt in their capital structure decisions so as to increase their financial performance","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126722633","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}
In spite of the role played by mobile banking as supported by the statistics shown above, how SACCOS’ financial performance is affected by mobile banking services. Therefore, this study sought to determine the influence of mobile banking services on financial performance of SACCOS in Mandera County. The specific objectives were to establish the effect of mobile money transfer, mobile account management, mobile credit facilitation and mobile bill presentment on financial performance of selected SACCOs in Mandera County. The study was guided by diffusion of innovation theory, theory of technological acceptance model and the task technology fit theory. A descriptive research design was deployed. The target population for this was all the selected SACCOs in Mandera County. There are 39 registered SACCOS in the County. This study focused on the 39 SACCOs distributed in all constituencies in Mandera County. Three respondents were selected from every SACCo to form a total population of 117 respondents. The target population was the management staff of the selected SACCOs. Stratified random sampling technique was deployed in obtaining sample of 35 SACCOs and 90 management staff. The study will collect primary data using semi-administered questionnaires containing open and close ended questions. Descriptive statistics including standard deviation, means, frequencies and percentages will be utilized. Frequency in tables were used in quantitative data presentation. Regression analysis will be done to illustrate how mobile money transfer, mobile account management and mobile credit facilitation and mobile bill presentment affects financial performance of selected SACCOs in Mandera County. The study found the mobile money transfer, mobile account management, mobile credit facilitation and mobile bill presentment had a positive significant relationship with the financial performance of selected SACCOs in Madera County. The study concluded that cash transfers influence mobile money transfer performance also to a very large extent and there was linear relationship between mobile money transfer and the performance of the inception of mobile phone financial transaction has brought a lot of benefits to the SACCOs in Mandera County. Mobile banking services such as airtime top up service has enabled commercial banks to increase their sales volumes, reducing costs of distribution and increasing customer satisfaction which ends up influencing financial performance positively. New payment technologies like bill payments have not only reduced the settlement time required for transactions but also financial costs that may arise from the processing of bill payments. Mobile credit facilitation to a larger extent impacts the financial performance of commercial banks in Kenya in that it helps reduce unnecessary cost, increase efficiency and improves on service delivery to customers. The study recommended that the management of the SACCOs in Mandera County should conduct resea
{"title":"Mobile Banking Services and Financial Performance of Saccos in Mandera County, Kenya","authors":"Ahmed Osman Omar, J. Koori","doi":"10.35942/ijcfa.v4i2.292","DOIUrl":"https://doi.org/10.35942/ijcfa.v4i2.292","url":null,"abstract":"In spite of the role played by mobile banking as supported by the statistics shown above, how SACCOS’ financial performance is affected by mobile banking services. Therefore, this study sought to determine the influence of mobile banking services on financial performance of SACCOS in Mandera County. The specific objectives were to establish the effect of mobile money transfer, mobile account management, mobile credit facilitation and mobile bill presentment on financial performance of selected SACCOs in Mandera County. The study was guided by diffusion of innovation theory, theory of technological acceptance model and the task technology fit theory. A descriptive research design was deployed. The target population for this was all the selected SACCOs in Mandera County. There are 39 registered SACCOS in the County. This study focused on the 39 SACCOs distributed in all constituencies in Mandera County. Three respondents were selected from every SACCo to form a total population of 117 respondents. The target population was the management staff of the selected SACCOs. Stratified random sampling technique was deployed in obtaining sample of 35 SACCOs and 90 management staff. The study will collect primary data using semi-administered questionnaires containing open and close ended questions. Descriptive statistics including standard deviation, means, frequencies and percentages will be utilized. Frequency in tables were used in quantitative data presentation. Regression analysis will be done to illustrate how mobile money transfer, mobile account management and mobile credit facilitation and mobile bill presentment affects financial performance of selected SACCOs in Mandera County. The study found the mobile money transfer, mobile account management, mobile credit facilitation and mobile bill presentment had a positive significant relationship with the financial performance of selected SACCOs in Madera County. The study concluded that cash transfers influence mobile money transfer performance also to a very large extent and there was linear relationship between mobile money transfer and the performance of the inception of mobile phone financial transaction has brought a lot of benefits to the SACCOs in Mandera County. Mobile banking services such as airtime top up service has enabled commercial banks to increase their sales volumes, reducing costs of distribution and increasing customer satisfaction which ends up influencing financial performance positively. New payment technologies like bill payments have not only reduced the settlement time required for transactions but also financial costs that may arise from the processing of bill payments. Mobile credit facilitation to a larger extent impacts the financial performance of commercial banks in Kenya in that it helps reduce unnecessary cost, increase efficiency and improves on service delivery to customers. The study recommended that the management of the SACCOs in Mandera County should conduct resea","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124042394","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}
Financial literacy plays an essential role in the process of making financial decisions, as it represents a systematic effort aimed at the development of positive knowledge, and attitude. Extant literature indicates that the financial literacy among football players is low which ultimately affects their investment decisions. Therefore, the purpose of this study was to determine the influence of financial literacy on personal investment decisions among KPL players in Nairobi. The study was guided by the following specific objectives; to determine the influence of savings decisions, financial knowledge and skills, financial awareness and financial attitude on personal investment decisions among KPL players in Nairobi. The study adopted dual process theory, the exchange theory and the goal setting theory. The study employed a descriptive research design. The target population was 396 football players from the 18 teams playing the KPL for the season 2020/2021. The study covered a period of one year from November 2020 to August 2021. This study used a sample of 30% from each of the 18 KPL teams. Therefore, from each of the 18 teams, 7 football players were randomly selected making up a sample size of 126 football players. A self-administered structured questionnaire was given to the respondents for data collection. Quantitative data collected was analyzed using descriptive and inferential statistics. Statistical Package for Social Sciences (SPSS V. 23.0) was used for data analysis. Regression model was used to establish the relationship between the study variables. Before conducting the regression analysis, diagnostic tests was conducted. These tests included the multicollinearity and normality tests. The findings were presented in form of tables and figures. The findings were of importance to the football teams in Kenya as it emphasized on the need for financial literacy training. The study established that savings decisions, financial knowledge and skills, financial awareness and financial attitudes had a positive and significant influence on personal investment decisions among Kenya football premier league players in Kenya. The study concluded that the most important reason why one should start planning at an early stage of making saving decision is the power of compounding, which allows you to earn extra money on the interest received from investments. Being financially knowledgeable and skilled allows an individual to be better prepared for specific financial roadblocks, which, in turn, decreases the chances of personal economic distress. Financial awareness enables players to gain the ability to use knowledge and skills to effectively manage financial resources efficiently at a personal-level and through the lifecycle. In this era of dynamic financial markets and turbulent economic environment it is very important for every individual to keep a positive mindset towards his/her finances. A positive financial attitude helps an individual strike a
财务知识在做出财务决策的过程中起着至关重要的作用，因为它代表了旨在发展积极知识和态度的系统努力。现有文献表明，足球运动员的金融素养较低，最终影响了他们的投资决策。因此，本研究的目的是确定金融素养对内罗毕KPL球员个人投资决策的影响。这项研究以下列具体目标为指导;确定储蓄决策、金融知识和技能、金融意识和金融态度对内罗毕KPL选手个人投资决策的影响。本研究采用了双过程理论、交换理论和目标设定理论。本研究采用描述性研究设计。目标人群是来自2020/2021赛季KPL 18支球队的396名足球运动员。该研究涵盖了从2020年11月到2021年8月的一年时间。这项研究从18支KPL球队中抽取了30%的样本。因此，从18支球队中，每支球队随机抽取7名足球运动员，组成126名足球运动员的样本。给受访者一份自我管理的结构化问卷以收集数据。收集的定量数据采用描述性和推断性统计进行分析。使用SPSS V. 23.0统计软件包进行数据分析。采用回归模型建立研究变量之间的关系。在进行回归分析之前，进行诊断测试。这些检验包括多重共线性检验和正态性检验。调查结果以表格和数字的形式提出。这一发现对肯尼亚的足球队很重要，因为它强调了金融知识培训的必要性。研究表明，储蓄决策、金融知识和技能、金融意识和金融态度对肯尼亚足球超级联赛球员的个人投资决策具有积极而显著的影响。该研究得出的结论是，人们应该在做出储蓄决定的早期阶段就开始计划的最重要原因是复利的力量，它可以让你从投资中获得额外的利息。拥有财务知识和技能可以让个人更好地为特定的财务障碍做好准备，这反过来又减少了个人经济困境的机会。财务意识使玩家能够在个人层面和整个生命周期中获得使用知识和技能有效管理财务资源的能力。在这个充满活力的金融市场和动荡的经济环境的时代，对每个人来说，对自己的财务保持积极的心态是非常重要的。积极的理财态度可以帮助个人在金钱的使用和生活的其他方面之间取得适当的平衡，而不会变得过于保守，从而实现长期的理财目标。该研究建议，个人应该制定自己的财务计划，然后考虑哪些目标对他或她最重要。应该鼓励玩家订阅财经通讯。玩家需要对财务概念有基本的了解，才能做出好的财务决策。每个人都需要对个人财务保持积极的态度，关键是要在咨询专业人士(如注册财务规划师(CFP)专业人士)的情况下发展财务技能，他们有能力在摆脱财务担忧的道路上采取行动。
{"title":"Influence Of Financial Literacy on Personal Investment Decisions Among Kenya Football Premier League Players in Kenya","authors":"James Mathuku Ndungu, Farida Abdul","doi":"10.35942/ijcfa.v4i2.272","DOIUrl":"https://doi.org/10.35942/ijcfa.v4i2.272","url":null,"abstract":"Financial literacy plays an essential role in the process of making financial decisions, as it represents a systematic effort aimed at the development of positive knowledge, and attitude. Extant literature indicates that the financial literacy among football players is low which ultimately affects their investment decisions. Therefore, the purpose of this study was to determine the influence of financial literacy on personal investment decisions among KPL players in Nairobi. The study was guided by the following specific objectives; to determine the influence of savings decisions, financial knowledge and skills, financial awareness and financial attitude on personal investment decisions among KPL players in Nairobi. The study adopted dual process theory, the exchange theory and the goal setting theory. The study employed a descriptive research design. The target population was 396 football players from the 18 teams playing the KPL for the season 2020/2021. The study covered a period of one year from November 2020 to August 2021. This study used a sample of 30% from each of the 18 KPL teams. Therefore, from each of the 18 teams, 7 football players were randomly selected making up a sample size of 126 football players. A self-administered structured questionnaire was given to the respondents for data collection. Quantitative data collected was analyzed using descriptive and inferential statistics. Statistical Package for Social Sciences (SPSS V. 23.0) was used for data analysis. Regression model was used to establish the relationship between the study variables. Before conducting the regression analysis, diagnostic tests was conducted. These tests included the multicollinearity and normality tests. The findings were presented in form of tables and figures. The findings were of importance to the football teams in Kenya as it emphasized on the need for financial literacy training. The study established that savings decisions, financial knowledge and skills, financial awareness and financial attitudes had a positive and significant influence on personal investment decisions among Kenya football premier league players in Kenya. The study concluded that the most important reason why one should start planning at an early stage of making saving decision is the power of compounding, which allows you to earn extra money on the interest received from investments. Being financially knowledgeable and skilled allows an individual to be better prepared for specific financial roadblocks, which, in turn, decreases the chances of personal economic distress. Financial awareness enables players to gain the ability to use knowledge and skills to effectively manage financial resources efficiently at a personal-level and through the lifecycle. In this era of dynamic financial markets and turbulent economic environment it is very important for every individual to keep a positive mindset towards his/her finances. A positive financial attitude helps an individual strike a ","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"99 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134505033","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}
Mobile Banking is a mobile-based technology that increases access to financial services hence aiding in the fight against poverty by facilitating productive investment and business expansion. This technology allows customers to communicate with financial institutions via a mobile phone, be it telephone or digital, which then creates information about data communications. The advantages of mobile banking, such as simplicity, accessibility, security, and usability, have led to the development of m-banking and forced commercial banks in Kenya to change their traditional way of doing business to incorporate actual transactions into their business. Using this technology, a consumer can claim a bank balance, obtain a loan, save, pay for goods and services, pay for contributions such as NHIF donations, pay salaries and bills such as electricity and water. In Kenya, there are more than 65,000 mobile money agents such as M-Pesa stores. These mobile money shops, unlike commercial banks, are distributed nationwide in rural and urban areas. Research has shown that businesses that maintain the technology barrier are very high and now accept banking services from Kenyans closed by commercial banks. The study sought to find out the results of mobile banking services and the financial performance of selected new businesses in Nairobi City County. The following objectives guided the study; check mobile banking savings services, mobile banking services, leading banking services and mobile banking transfer services with selected youth finance services for selected youth businesses in Nairobi City, Kenya. The research focused on the Mobile Banking Business Model, Technology Acceptance Model (TAM) and Theory Intermediation Theory. The study used descriptive research formats. Important data was collected through questionnaires, while the collection of secondary data on the financial performance of businesses over the past five years was done using datasheets. The validity of the questionnaires was determined prior to testing, flight studies and expert judgment, while Cronbach's Alpha assessed the reliability of the materials. The survey identified 56 managers of selected Youth businesses in Nairobi City who were managers or business owners. Descriptive statistics: mean, standard percentage deviations and quantities were used in the data analysis. Different details include correction for correction analysis. The research results were presented using tables, graphs, charts, percentages and frequencies to help simplify data comparisons and conclusions. Findings have shown that mobile banking services have a positive and visible impact on the financial performance of selected youth businesses. With the widespread use of mobile services, mobile banking is expected to continue to grow. Mobile banking gives customers an easy opportunity as it allows them to perform their duties on the go. However, there is a need to remove any existing barriers and challenges that could prev
{"title":"Mobile Banking Services and Financial Performance of Selected Youth Enterprises in Nairobi City County, Kenya","authors":"Vincent Aming’a Aberi, A. Jagongo","doi":"10.35942/ijcfa.v4i2.270","DOIUrl":"https://doi.org/10.35942/ijcfa.v4i2.270","url":null,"abstract":"Mobile Banking is a mobile-based technology that increases access to financial services hence aiding in the fight against poverty by facilitating productive investment and business expansion. This technology allows customers to communicate with financial institutions via a mobile phone, be it telephone or digital, which then creates information about data communications. The advantages of mobile banking, such as simplicity, accessibility, security, and usability, have led to the development of m-banking and forced commercial banks in Kenya to change their traditional way of doing business to incorporate actual transactions into their business. Using this technology, a consumer can claim a bank balance, obtain a loan, save, pay for goods and services, pay for contributions such as NHIF donations, pay salaries and bills such as electricity and water. In Kenya, there are more than 65,000 mobile money agents such as M-Pesa stores. These mobile money shops, unlike commercial banks, are distributed nationwide in rural and urban areas. Research has shown that businesses that maintain the technology barrier are very high and now accept banking services from Kenyans closed by commercial banks. The study sought to find out the results of mobile banking services and the financial performance of selected new businesses in Nairobi City County. The following objectives guided the study; check mobile banking savings services, mobile banking services, leading banking services and mobile banking transfer services with selected youth finance services for selected youth businesses in Nairobi City, Kenya. The research focused on the Mobile Banking Business Model, Technology Acceptance Model (TAM) and Theory Intermediation Theory. The study used descriptive research formats. Important data was collected through questionnaires, while the collection of secondary data on the financial performance of businesses over the past five years was done using datasheets. The validity of the questionnaires was determined prior to testing, flight studies and expert judgment, while Cronbach's Alpha assessed the reliability of the materials. The survey identified 56 managers of selected Youth businesses in Nairobi City who were managers or business owners. Descriptive statistics: mean, standard percentage deviations and quantities were used in the data analysis. Different details include correction for correction analysis. The research results were presented using tables, graphs, charts, percentages and frequencies to help simplify data comparisons and conclusions. Findings have shown that mobile banking services have a positive and visible impact on the financial performance of selected youth businesses. With the widespread use of mobile services, mobile banking is expected to continue to grow. Mobile banking gives customers an easy opportunity as it allows them to perform their duties on the go. However, there is a need to remove any existing barriers and challenges that could prev","PeriodicalId":119077,"journal":{"name":"International Journal of Current Aspects in Finance, Banking and Accounting","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121215043","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}
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