Pub Date : 2024-07-23DOI: 10.61108/ijsshr.v2i2.114
Katamu Kizito Milimo, Carren Chepng’etich
Procurement Laws and Regulations 2015 are a yard stick that directs how buying of goods, services, and works by governments and state-owned businesses should be conducted (Thiankolu, 2019). However, there exists an absence of compliance to these laws as envisaged by its framers which results to bias and uncompetitive bidding, evaluation and award of contracts process something that compromises the effectiveness of the project's accomplishment (Kagume & Wamalwa, 2018). The primary objective relating to this research entailed investigating the effect of supplier appraisal on performance of construction projects of counties in Lake Region Economic Bloc, Kenya. The study adopted a descriptive research design with stratified random sampling technique being applied to select a sample of 342 respondents from a total population of 2346 county officials that include finance and procurement officers. A survey instrument was utilized for gathering data, using questions that were both open and closed-ended. The survey instrument was piloted in Marsabit County. It was conducted to ensure that the instrument is both valid and reliable. SPSS was used to perform analysis of data. Supplier appraisal was established to have a positive and significant correlation on the performance of counties in Lake Region Economic Bloc with a co-efficient of correlation R value of 0.816 and P<0.05. Supplier appraisal with a coefficient of determination (R2=0.700, P<0.05) could account for 70% of variation in the performance of construction projects if other factors were to be held constant. Specifically, when Supplier appraisal increases by a single unit, there will be a subsequent increase in performance of construction projects by 0.885 units (β1=0.885, P<0.05). This suggests a positive and strong correlation between supplier appraisal and performance of construction projects and thus the study suggests that evaluating suppliers using technical, financial, and legal criteria might help construction projects succeed in Kenya's Lake Region Economic Bloc.
{"title":"Effect of Supplier Appraisal on Performance of Construction Projects of Counties in Lake Region Economic Bloc, Kenya","authors":"Katamu Kizito Milimo, Carren Chepng’etich","doi":"10.61108/ijsshr.v2i2.114","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i2.114","url":null,"abstract":"Procurement Laws and Regulations 2015 are a yard stick that directs how buying of goods, services, and works by governments and state-owned businesses should be conducted (Thiankolu, 2019). However, there exists an absence of compliance to these laws as envisaged by its framers which results to bias and uncompetitive bidding, evaluation and award of contracts process something that compromises the effectiveness of the project's accomplishment (Kagume & Wamalwa, 2018). The primary objective relating to this research entailed investigating the effect of supplier appraisal on performance of construction projects of counties in Lake Region Economic Bloc, Kenya. The study adopted a descriptive research design with stratified random sampling technique being applied to select a sample of 342 respondents from a total population of 2346 county officials that include finance and procurement officers. A survey instrument was utilized for gathering data, using questions that were both open and closed-ended. The survey instrument was piloted in Marsabit County. It was conducted to ensure that the instrument is both valid and reliable. SPSS was used to perform analysis of data. Supplier appraisal was established to have a positive and significant correlation on the performance of counties in Lake Region Economic Bloc with a co-efficient of correlation R value of 0.816 and P<0.05. Supplier appraisal with a coefficient of determination (R2=0.700, P<0.05) could account for 70% of variation in the performance of construction projects if other factors were to be held constant. Specifically, when Supplier appraisal increases by a single unit, there will be a subsequent increase in performance of construction projects by 0.885 units (β1=0.885, P<0.05). This suggests a positive and strong correlation between supplier appraisal and performance of construction projects and thus the study suggests that evaluating suppliers using technical, financial, and legal criteria might help construction projects succeed in Kenya's Lake Region Economic Bloc. ","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"137 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141811141","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}
Pub Date : 2024-07-02DOI: 10.61108/ijsshr.v2i2.112
Jane Wanjiku Kabiru Gathu, P. Ngugi, S. Nyang’au
This study sought to establish the influence of establish the influence of user's capabilities on the Growth of Micro and Small Enterprises in Nairobi, Kenya and; To determine the moderating effect of Entrepreneurial Orientation on user's capabilities and the Growth of Micro and Small Enterprises in Nairobi, Kenya. The study was grounded on the Technology Acceptance Model (TAM. The study adopted a descriptive research design since the design enabled the researcher to generalize the findings to a larger population of MSEs. In addition, this design enabled the researcher describe the characteristics of the population being studied as they exist at present hence minimizing biasness and maximizing the reliability of the evidence collected. This study was guided by positivism philosophy. The target population for this study comprised of all the 1835 Owners or managers of the MSEs registered with Nairobi City County and have operated for more than five years. Stratified and Simple Random sampling techniques was used to select a total of 184 respondents for the study. The study found out that user's capabilities and organizational technology policies were the key variable that significantly influencing the Growth of Micro and Small Enterprises in Nairobi County, Kenya. Specifically MSEs Staff were largely found to be un-trained especially on Emerging Technologies and lacked motivation to adopt and use technologies. In addition, study found out that there was low adoption on use of social media platform for business operation. The study recommend that the Management of MSEs needs to make deliberate efforts and invest on training especially on Emerging Technologies such as e-commerce, communication, e-production, e-procurement among others. This will ensure that the MSEs staffs are well equipped with the necessary skills and knowledge needed to effective utilize the emerging technologies in the market. Further, the management of the MSEs needs to be motivated to adopt and use technologies and innovation. Motivation many be inform of incentives and rewards that motivates users to adopt and use technology in their operations. The is also need to invest in a strong and robust social media platforms that are easy to use for most users. Social media networks can be harnessed to boast in product and services marketing and sourcing of market information among other.
{"title":"Users' Technology Capabilities and the Growth of Micro and Small Enterprises in Nairobi City County, Kenya","authors":"Jane Wanjiku Kabiru Gathu, P. Ngugi, S. Nyang’au","doi":"10.61108/ijsshr.v2i2.112","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i2.112","url":null,"abstract":"This study sought to establish the influence of establish the influence of user's capabilities on the Growth of Micro and Small Enterprises in Nairobi, Kenya and; To determine the moderating effect of Entrepreneurial Orientation on user's capabilities and the Growth of Micro and Small Enterprises in Nairobi, Kenya. The study was grounded on the Technology Acceptance Model (TAM. The study adopted a descriptive research design since the design enabled the researcher to generalize the findings to a larger population of MSEs. In addition, this design enabled the researcher describe the characteristics of the population being studied as they exist at present hence minimizing biasness and maximizing the reliability of the evidence collected. This study was guided by positivism philosophy. The target population for this study comprised of all the 1835 Owners or managers of the MSEs registered with Nairobi City County and have operated for more than five years. Stratified and Simple Random sampling techniques was used to select a total of 184 respondents for the study. The study found out that user's capabilities and organizational technology policies were the key variable that significantly influencing the Growth of Micro and Small Enterprises in Nairobi County, Kenya. Specifically MSEs Staff were largely found to be un-trained especially on Emerging Technologies and lacked motivation to adopt and use technologies. In addition, study found out that there was low adoption on use of social media platform for business operation. The study recommend that the Management of MSEs needs to make deliberate efforts and invest on training especially on Emerging Technologies such as e-commerce, communication, e-production, e-procurement among others. This will ensure that the MSEs staffs are well equipped with the necessary skills and knowledge needed to effective utilize the emerging technologies in the market. Further, the management of the MSEs needs to be motivated to adopt and use technologies and innovation. Motivation many be inform of incentives and rewards that motivates users to adopt and use technology in their operations. The is also need to invest in a strong and robust social media platforms that are easy to use for most users. Social media networks can be harnessed to boast in product and services marketing and sourcing of market information among other. ","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"4 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141686258","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}
Pub Date : 2024-06-06DOI: 10.61108/ijsshr.v2i2.109
Stanley Odhiambo Chuchu, W. Muturi
The role of the exchange rate channel in the transmission of monetary policy has become more important due to globalization and the widespread use of floating exchange rate systems. Exchange rates are widely utilized by governments across the globe as a pivotal monetary policy instrument to exert influence over diverse economic and financial issues. It is of utmost importance to comprehend the factors and procedures that determine and regulate exchange rates. Nevertheless, numerous emerging economies, such as Kenya, face difficulties in achieving stability in their currency exchange rates. Forecasting future exchange rates is a difficult task for policymakers due to the intricate interaction of macroeconomic, speculative, and economic anticipation elements. This study aims to fill the lack of extensive research on the economic factors that influence the fluctuation of currency rates in Kenya. The study seeks to give valuable insights for policymakers, investors, and market participants by analyzing the effects of foreign direct investment, inflation rates, and the balance of payments on exchange rates. The study explores the complex dynamics of exchange rate fluctuations by using a quantitative research strategy and applying techniques such as Vector Autoregression (VAR) model analysis, Granger causality testing, and regression analysis. The results demonstrate notable associations between exchange rates and macroeconomic variables, providing insight into the factors that contribute to fluctuations in the exchange rate in Kenya. This study enhances the current body of knowledge by giving a detailed comprehension of the factors that influence exchange rates. It also offers significant perspectives for policymakers and stakeholders in effectively managing exchange rate risks and promoting economic stability.
{"title":"Economic Determinants of Exchange Rate Volatility in Kenya.","authors":"Stanley Odhiambo Chuchu, W. Muturi","doi":"10.61108/ijsshr.v2i2.109","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i2.109","url":null,"abstract":"The role of the exchange rate channel in the transmission of monetary policy has become more important due to globalization and the widespread use of floating exchange rate systems. Exchange rates are widely utilized by governments across the globe as a pivotal monetary policy instrument to exert influence over diverse economic and financial issues. It is of utmost importance to comprehend the factors and procedures that determine and regulate exchange rates. Nevertheless, numerous emerging economies, such as Kenya, face difficulties in achieving stability in their currency exchange rates. Forecasting future exchange rates is a difficult task for policymakers due to the intricate interaction of macroeconomic, speculative, and economic anticipation elements. This study aims to fill the lack of extensive research on the economic factors that influence the fluctuation of currency rates in Kenya. The study seeks to give valuable insights for policymakers, investors, and market participants by analyzing the effects of foreign direct investment, inflation rates, and the balance of payments on exchange rates. The study explores the complex dynamics of exchange rate fluctuations by using a quantitative research strategy and applying techniques such as Vector Autoregression (VAR) model analysis, Granger causality testing, and regression analysis. The results demonstrate notable associations between exchange rates and macroeconomic variables, providing insight into the factors that contribute to fluctuations in the exchange rate in Kenya. This study enhances the current body of knowledge by giving a detailed comprehension of the factors that influence exchange rates. It also offers significant perspectives for policymakers and stakeholders in effectively managing exchange rate risks and promoting economic stability.","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141379484","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}
Pub Date : 2024-05-20DOI: 10.61108/ijsshr.v2i2.103
Christine Kagendo Muriithi, O. Oluoch
The timeliness of audited financial reporting has been a concern for various stakeholders, including shareholders, managers, and regulators, as well as internal and external auditors. In the Kenyan perspective timeliness of audited financial statements is prescribed by the Company Act, 2015 as six months or approximately one hundred and eighty days. The general objective of the study was to evaluate the effect of internal control systems on financial reporting lag among listed companies in the Nairobi Securities Exchange. The specific objectives were; to investigate the effect of corrective controls, preventive controls, detective controls and finally monitoring controls on the on financial reporting lag among listed companies in the Nairobi Securities Exchange. The study was anchored on the following theories; agency theory, stewardship theory, attribution theory and systems theory. The method of study adopted in this study was descriptive research design. The target population of this study l comprised companies listed at NSE. Specifically, the units of analysis will be the four departments of finance, human resources, companies listed at NSE. This study used Purposive stratified sampling method to get the sample size which will sample a suitable number of respondents from the different strata from the NSE companies which operate though board of management. The study used both primary and secondary data to gather information needed to respond to the research objectives. The Panel Data Analysis model was used to determine the significance of each independent variable in affecting the financial performance of companies. Qualitative data as analyzed using content analysis, through developing a thematic framework from the key issues, concepts and themes emanating from the open-ended questions. The study adopted several diagnostic tests that included multicollinearity test, test for fixed or random effects and multicollinearity test. Regarding corrective controls, the study established that corrective controls had a significant and negative effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The study also established that preventive controls had a significant and negative effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The study further established that detective controls had significant and a negative e effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The value of the coefficient is also negative. The study finally established that monitoring controls on had significant and a negative effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The value of the coefficient is also negative.
{"title":"Effect of Internal Control Systems on Financial Reporting Lag among Listed Companies in the Nairobi Securities Exchange.","authors":"Christine Kagendo Muriithi, O. Oluoch","doi":"10.61108/ijsshr.v2i2.103","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i2.103","url":null,"abstract":"The timeliness of audited financial reporting has been a concern for various stakeholders, including shareholders, managers, and regulators, as well as internal and external auditors. In the Kenyan perspective timeliness of audited financial statements is prescribed by the Company Act, 2015 as six months or approximately one hundred and eighty days. The general objective of the study was to evaluate the effect of internal control systems on financial reporting lag among listed companies in the Nairobi Securities Exchange. The specific objectives were; to investigate the effect of corrective controls, preventive controls, detective controls and finally monitoring controls on the on financial reporting lag among listed companies in the Nairobi Securities Exchange. The study was anchored on the following theories; agency theory, stewardship theory, attribution theory and systems theory. The method of study adopted in this study was descriptive research design. The target population of this study l comprised companies listed at NSE. Specifically, the units of analysis will be the four departments of finance, human resources, companies listed at NSE. This study used Purposive stratified sampling method to get the sample size which will sample a suitable number of respondents from the different strata from the NSE companies which operate though board of management. The study used both primary and secondary data to gather information needed to respond to the research objectives. The Panel Data Analysis model was used to determine the significance of each independent variable in affecting the financial performance of companies. Qualitative data as analyzed using content analysis, through developing a thematic framework from the key issues, concepts and themes emanating from the open-ended questions. The study adopted several diagnostic tests that included multicollinearity test, test for fixed or random effects and multicollinearity test. Regarding corrective controls, the study established that corrective controls had a significant and negative effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The study also established that preventive controls had a significant and negative effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The study further established that detective controls had significant and a negative e effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The value of the coefficient is also negative. The study finally established that monitoring controls on had significant and a negative effect on the financial reporting lag among listed companies in the Nairobi Securities Exchange. The value of the coefficient is also negative.","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"85 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141121080","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 stock price volatility has been a problem in stock markets affecting the stock returns of firms listed at Nairobi Securities Exchange (NSE). Although some scholars have focused on the issue of high share price volatility, the issue persists and still hinders the development of the market. This study main objective is to determine the effects of macroeconomic factors on volatility of stock prices of stock market in Kenya. The specific objectives are; to establish the effects of inflation on stock prices of stock market in Kenya; to establish the effects of interest rates on volatility of stock prices of stock market in Kenya; and to establish the effects of exchange rates on stock prices of stock market in Kenya. The research was anchored on four theories and two models namely the Arbitrage pricing theory, Modern portfolio theory, information cascade theory, Fisher’s theory, Efficient market hypothesis and present value model. The research applied a causal research design, which followed the positivism philosophy of research and knowledge creation. The study focused on analyzing the effects of macroeconomic factors on volatility of stock prices of the NSE 20 share index in Nairobi Securities Exchange over a period ranging from 2009 to 2021. The design allowed collection of monthly data on the study variables and time series analysis of the hypothesized relationships between independent and dependent variables and conducted both descriptive statistical analysis and inferential statistical analysis. Descriptive statistical analysis involved generation of central tendency statistics such as mean, minimum and maximum points of the data as well as standard deviations to show the spread of the data from the mean. The inferential statistical analysis utilized in this study was Error Correction Model, guided by the results of cointegration tests. From the descriptive statistical analysis, the study found that between 2009 and 2021, interest rates demonstrated an average of approximately 9.155, inflation averaged around 150.916, foreign exchange rate maintained an average of roughly 94.219, and stock price volatility averaged 0.4%. The Error Correction Model revealed that, interest rates have no significant effect on stock price volatility of NSE 20 share index (β = -0.00034, p.value = 0.805). Similarly, inflation has no significant effect on stock price volatility of NSE 20 share index (β = -0.0000394, p.value = 0.218). However, foreign exchange has negative and significant effect on stock price volatility in Kenya (β = -0.0139, p.value = 0.017). The study concluded that interest rates and inflation have no significant effect on stock price volatility in Kenyan stock market, while foreign exchange has inverse and significant effect on stock price volatility. Thus, the study recommends that market participants, including government, investors, traders, policy makers and financial institutions, should incorporate foreign exchange rate movements into t
{"title":"Macroeconomic Factors and Stock Price Volatility at Nairobi Securities Exchange","authors":"Fredrick Kinoti Kima, T. Olweny, Timothy Okech","doi":"10.61108/ijsshr.v2i2.94","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i2.94","url":null,"abstract":"The stock price volatility has been a problem in stock markets affecting the stock returns of firms listed at Nairobi Securities Exchange (NSE). Although some scholars have focused on the issue of high share price volatility, the issue persists and still hinders the development of the market. This study main objective is to determine the effects of macroeconomic factors on volatility of stock prices of stock market in Kenya. The specific objectives are; to establish the effects of inflation on stock prices of stock market in Kenya; to establish the effects of interest rates on volatility of stock prices of stock market in Kenya; and to establish the effects of exchange rates on stock prices of stock market in Kenya. The research was anchored on four theories and two models namely the Arbitrage pricing theory, Modern portfolio theory, information cascade theory, Fisher’s theory, Efficient market hypothesis and present value model. The research applied a causal research design, which followed the positivism philosophy of research and knowledge creation. The study focused on analyzing the effects of macroeconomic factors on volatility of stock prices of the NSE 20 share index in Nairobi Securities Exchange over a period ranging from 2009 to 2021. The design allowed collection of monthly data on the study variables and time series analysis of the hypothesized relationships between independent and dependent variables and conducted both descriptive statistical analysis and inferential statistical analysis. Descriptive statistical analysis involved generation of central tendency statistics such as mean, minimum and maximum points of the data as well as standard deviations to show the spread of the data from the mean. The inferential statistical analysis utilized in this study was Error Correction Model, guided by the results of cointegration tests. From the descriptive statistical analysis, the study found that between 2009 and 2021, interest rates demonstrated an average of approximately 9.155, inflation averaged around 150.916, foreign exchange rate maintained an average of roughly 94.219, and stock price volatility averaged 0.4%. The Error Correction Model revealed that, interest rates have no significant effect on stock price volatility of NSE 20 share index (β = -0.00034, p.value = 0.805). Similarly, inflation has no significant effect on stock price volatility of NSE 20 share index (β = -0.0000394, p.value = 0.218). However, foreign exchange has negative and significant effect on stock price volatility in Kenya (β = -0.0139, p.value = 0.017). The study concluded that interest rates and inflation have no significant effect on stock price volatility in Kenyan stock market, while foreign exchange has inverse and significant effect on stock price volatility. Thus, the study recommends that market participants, including government, investors, traders, policy makers and financial institutions, should incorporate foreign exchange rate movements into t","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":" 31","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141129203","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 contemporary finance matters, financial literacy has been dubbed a key component of investment performance. This study sought to explore the theoretical perspective of financial literacy and its impact on real estate performance in Kenya. The study was guided by heuristics theory, prospect theory, herding theory and investment market theory. The study results indicate that financial literacy moderates the relationship between behavioural biases and performance of real estate industry in Kenya. Based on these findings, the study recommends that when evaluating investments, investors should avoid at barely looking at the risk and return characteristics of that individual investment but also consider the role and impact of financial literacy on investment performance
{"title":"Moderating role of Financial Literacy on the Relationship between Behavioural Biases and Real Estate Investment Performance in Kenya","authors":"A. Kuria","doi":"10.61108/ijsshr.v2i1.92","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.92","url":null,"abstract":"In contemporary finance matters, financial literacy has been dubbed a key component of investment performance. This study sought to explore the theoretical perspective of financial literacy and its impact on real estate performance in Kenya. The study was guided by heuristics theory, prospect theory, herding theory and investment market theory. The study results indicate that financial literacy moderates the relationship between behavioural biases and performance of real estate industry in Kenya. Based on these findings, the study recommends that when evaluating investments, investors should avoid at barely looking at the risk and return characteristics of that individual investment but also consider the role and impact of financial literacy on investment performance","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140664668","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 general objective of this study was to examine the relationship between e-procurement practices and performance of logistic firms in Nairobi County. The study was guided by the following specific objectives: to ascertain how E-tendering affects performance of logistics firms in Nairobi County, to determine the effect of E-invoicing in the performance of logistics firms in Nairobi County, to what extent E-Payment affect performance of logistics firms in Nairobi County and finally to establish how E-sourcing affect performance of logistics firms in Nairobi County. The study used descriptive design because it enhanced systematic description that is as accurate, valid and reliable as possible regarding the responses. The study was limited to 8 selected logistic firms in Nairobi County. Being an academic study, the period to be covered was 6 months. This study utilized a sample size of 54 respondents. The use of 54 respondents in the study was justified as it was in line with the recommendations of Mugenda and Mugenda who indicated that a descriptive study should include at least 30% of the total population. Since the sample size of 54 represented 30% of the population it was deemed appropriate. The researcher used questionnaires and secondary data as the research instrument to gather the relevant information needed related to the study. The study involved use of professionals and experts to test the validity of questionnaire by trying to assess what concept the instrument is trying to measure and the accuracy of representation of the concept under research. The quantitative data was analyzed using descriptive statistics. In addition, the study used multiple regression analysis to analyze the data. Regarding E-tendering, the study established that E-tendering had a significant and positive effect on the performance of logistic firms in Nairobi County. The study also established that E-invoicing had a significant and positive effect on the performance of logistic firms in Nairobi County. The study further established that E-Payment had significant and a positive effect on the performance of logistic firms in Nairobi County. The study finally established that E-sourcing had significant and a positive effect on the performance of logistic firms in Nairobi County.
{"title":"Electronic Procurement Practices and Performance of Logistics Firms in Nairobi City County,Kenya","authors":"Amina Abdullahi Hassan, S. Nyang’au","doi":"10.61108/ijsshr.v2i1.91","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.91","url":null,"abstract":"The general objective of this study was to examine the relationship between e-procurement practices and performance of logistic firms in Nairobi County. The study was guided by the following specific objectives: to ascertain how E-tendering affects performance of logistics firms in Nairobi County, to determine the effect of E-invoicing in the performance of logistics firms in Nairobi County, to what extent E-Payment affect performance of logistics firms in Nairobi County and finally to establish how E-sourcing affect performance of logistics firms in Nairobi County. The study used descriptive design because it enhanced systematic description that is as accurate, valid and reliable as possible regarding the responses. The study was limited to 8 selected logistic firms in Nairobi County. Being an academic study, the period to be covered was 6 months. This study utilized a sample size of 54 respondents. The use of 54 respondents in the study was justified as it was in line with the recommendations of Mugenda and Mugenda who indicated that a descriptive study should include at least 30% of the total population. Since the sample size of 54 represented 30% of the population it was deemed appropriate. The researcher used questionnaires and secondary data as the research instrument to gather the relevant information needed related to the study. The study involved use of professionals and experts to test the validity of questionnaire by trying to assess what concept the instrument is trying to measure and the accuracy of representation of the concept under research. The quantitative data was analyzed using descriptive statistics. In addition, the study used multiple regression analysis to analyze the data. Regarding E-tendering, the study established that E-tendering had a significant and positive effect on the performance of logistic firms in Nairobi County. The study also established that E-invoicing had a significant and positive effect on the performance of logistic firms in Nairobi County. The study further established that E-Payment had significant and a positive effect on the performance of logistic firms in Nairobi County. The study finally established that E-sourcing had significant and a positive effect on the performance of logistic firms in Nairobi County.","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"107 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140659575","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 disjointed nature of the food and beverage manufacturing sub-sector presents a significant challenge in relation to competitiveness. This is rooted in the lack of effective linkages in the internal and external supply chains and their adaptability. Consequently, the study also established the moderating effect of supply chain adaptability on the relationship between supply chain integration and the competitive advantage of food and beverage industry in Kenya. The study adopted a cross-sectional survey. According to the Kenya Association of Manufacturers (2020), there were 270 food and beverage industry in Kenya. The study’s target population was 73 food and beverage industry in Kenya. A two-stage sampling design was employed. In the initial stage, 73 food and beverage manufacturing firms were selected through stratified random sampling with the aid of the Nassiuma formula (2000). Subsequently, in the second stage, through purposive sampling, two participants were selected from the 73 food and beverage manufacturing firms to give a sample size of 146 respondents. These included the supply chain managers, procurement managers, operations managers, and finance managers. Primary and secondary data was collected through research questionnaires which were both structured and unstructured. The data obtained was analyzed using SPSS version 28. The reliability results showed that all the variables in the study had a Cronbach’s alpha value that was above 0.7, thus indicating adequate convergence and internal consistency. The data collection tool also passed the content validity test. The findings showed that there was a positive significant correlation between supply chain integration*supply chain adaptability and the competitive advantage of food and beverage industry in Kenya. The study concluded that the competitive advantage is anticipated to grow for every unit increase in supply chain integration and that supply chain adaptability moderates the relationship between supply chain integration and competitive advantage for food and beverage industry in Kenya. The study recommends that food and beverage manufacturers should leverage expertise to support and manage multiple processes and be able to identify exceptional collaborators internally with expertise and a network that spans several departments.
{"title":"Supply Chain Integration, Supply Chain Adaptability and Competitive Advantage of the Food and Beverage Industry in Kenya","authors":"C. Mogaka, Sammy Odari, Wycliffe Arani","doi":"10.61108/ijsshr.v2i1.90","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.90","url":null,"abstract":"The disjointed nature of the food and beverage manufacturing sub-sector presents a significant challenge in relation to competitiveness. This is rooted in the lack of effective linkages in the internal and external supply chains and their adaptability. Consequently, the study also established the moderating effect of supply chain adaptability on the relationship between supply chain integration and the competitive advantage of food and beverage industry in Kenya. The study adopted a cross-sectional survey. According to the Kenya Association of Manufacturers (2020), there were 270 food and beverage industry in Kenya. The study’s target population was 73 food and beverage industry in Kenya. A two-stage sampling design was employed. In the initial stage, 73 food and beverage manufacturing firms were selected through stratified random sampling with the aid of the Nassiuma formula (2000). Subsequently, in the second stage, through purposive sampling, two participants were selected from the 73 food and beverage manufacturing firms to give a sample size of 146 respondents. These included the supply chain managers, procurement managers, operations managers, and finance managers. Primary and secondary data was collected through research questionnaires which were both structured and unstructured. The data obtained was analyzed using SPSS version 28. The reliability results showed that all the variables in the study had a Cronbach’s alpha value that was above 0.7, thus indicating adequate convergence and internal consistency. The data collection tool also passed the content validity test. The findings showed that there was a positive significant correlation between supply chain integration*supply chain adaptability and the competitive advantage of food and beverage industry in Kenya. The study concluded that the competitive advantage is anticipated to grow for every unit increase in supply chain integration and that supply chain adaptability moderates the relationship between supply chain integration and competitive advantage for food and beverage industry in Kenya. The study recommends that food and beverage manufacturers should leverage expertise to support and manage multiple processes and be able to identify exceptional collaborators internally with expertise and a network that spans several departments.","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"124 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140679326","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}
An effective system of governing is crucial for advancing both social and economic development, with a focus on promoting openness, accountability, and active involvement of the people. Public participation entails the active involvement of citizens in the process of governance, promoting openness, responsibility, and fair provision of public services. This method facilitates well-informed decision-making and improves governance by ensuring that policies align with the requirements of the community. In order to enhance efficacy, numerous governments have transitioned from centralization to decentralization, thereby enabling local governments to include citizens more directly in the process of decision-making. The Constitution of Kenya 2010 incorporated decentralization and public involvement as integral components to enhance governance in Kenya. Nevertheless, the extent to which various leadership styles affect the effectiveness of public engagement has not been well investigated. This study examines the influence of transactional leadership style on the effectiveness of public participation in the government of Kenyan counties. The components of transactional leadership styles consisted of contingent reward, contingent punishment, Management-by-Exception-active, and Management-by-Exception-passive. The study adopted a positivist philosophy, using scientific methods to explore social phenomena, focusing on objectivity and empirical verification. The research used a quantitative survey design, with questionnaires for data collection. The analysis involved devolved county governments, targeting a population of 5,481,822 Kenyan residents from eight counties, aged 18 and above, who had engaged in public forums. A sample of 400 respondents was obtained through both probabilistic and non-probabilistic sampling methods. The results of the regression analysis indicated that there was a positive relationship between transactional leadership and the effectiveness of public participation. This finding led to the rejection of the null hypothesis. The implementation of active management-by-exception and contingent incentive resulted in a notable increase in public engagement, with active management-by-exception having the most prominent influence. The effects of contingent punishment and passive Management-by-Exception were positive, although they failed to achieve statistical significance. Suggestions advise county authorities to prioritize active management-by-exception and use reward schemes to enhance public participation. Additionally, it was suggested to implement training programs aimed at transforming executives from passive to proactive management approaches. In addition, proposals were made for policies that need leadership training, civic education, and resource allocation to promote public participation. This study enhances the existing theory by demonstrating the correlation between transactional leadership style and the effectiveness of public p
{"title":"Influence Of Transactional Leadership Style On Public Participation Effectiveness In The County Governance In Kenya","authors":"Paul Karanja Njiiri, Susan Were, Willy Muturi","doi":"10.61108/ijsshr.v2i1.89","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.89","url":null,"abstract":"An effective system of governing is crucial for advancing both social and economic development, with a focus on promoting openness, accountability, and active involvement of the people. Public participation entails the active involvement of citizens in the process of governance, promoting openness, responsibility, and fair provision of public services. This method facilitates well-informed decision-making and improves governance by ensuring that policies align with the requirements of the community. In order to enhance efficacy, numerous governments have transitioned from centralization to decentralization, thereby enabling local governments to include citizens more directly in the process of decision-making. The Constitution of Kenya 2010 incorporated decentralization and public involvement as integral components to enhance governance in Kenya. Nevertheless, the extent to which various leadership styles affect the effectiveness of public engagement has not been well investigated. This study examines the influence of transactional leadership style on the effectiveness of public participation in the government of Kenyan counties. The components of transactional leadership styles consisted of contingent reward, contingent punishment, Management-by-Exception-active, and Management-by-Exception-passive. The study adopted a positivist philosophy, using scientific methods to explore social phenomena, focusing on objectivity and empirical verification. The research used a quantitative survey design, with questionnaires for data collection. The analysis involved devolved county governments, targeting a population of 5,481,822 Kenyan residents from eight counties, aged 18 and above, who had engaged in public forums. A sample of 400 respondents was obtained through both probabilistic and non-probabilistic sampling methods. The results of the regression analysis indicated that there was a positive relationship between transactional leadership and the effectiveness of public participation. This finding led to the rejection of the null hypothesis. The implementation of active management-by-exception and contingent incentive resulted in a notable increase in public engagement, with active management-by-exception having the most prominent influence. The effects of contingent punishment and passive Management-by-Exception were positive, although they failed to achieve statistical significance. Suggestions advise county authorities to prioritize active management-by-exception and use reward schemes to enhance public participation. Additionally, it was suggested to implement training programs aimed at transforming executives from passive to proactive management approaches. In addition, proposals were made for policies that need leadership training, civic education, and resource allocation to promote public participation. This study enhances the existing theory by demonstrating the correlation between transactional leadership style and the effectiveness of public p","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"105 37","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140678601","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}
Sugar manufacturing firms in Kenya have faced a myriad of challenges with regard to cost control, production inefficiencies, incompetent management and lack of information technology integration in production issues which are directly controlled by management. The influence of corporate governance on supply chain resilience of sugar manufacturing firms in Kenya thus cannot be underrated. The specific objective of the study was; to assess the effect of Corporate Governance on Supply chain Resilience of Sugar Manufacturing firms in Kenya. The research study methodology followed a descriptive approach with a target population of the study of 240 respondents, covering various departments within the Sugar firms. A census survey was conducted on all the 15 registered sugar manufacturing firms in Kenya. Data collected was analyzed by both descriptive and inferential statistics using statistical package for social sciences (SPSS Version 28). Descriptive statistics involved calculation of means, frequencies, percentages and standard deviation. Inferential statistics on the other hand included the use of Pearson correlation coefficient to determine the extent of relationship among the independent study variables, while multiple regression analysis was used to establish the relationship between corporate governance and supply chain resilience. Findings from data analysis in the study indicated that corporate governance was significantly responsible for the supply chain resilience of sugar manufacturing firms in Kenya. Consequently, yielding a positive relationship in the regression model. The findings from the regression model indicated that corporate governance, significantly and positively affected supply chain resilience of sugar manufacturing firms in Kenya. The study therefore recommended that the management of sugar manufacturing firms in Kenya in collaboration with the appointing authorities should embrace good practices when appointing managing directors in-charge of the sugar firms to achieve supply chain resilience through, continuous production, resource optimization, quality output and general bottom line improvement.
{"title":"Leveraging On Corporate Governance For Supply Chain Resilience Of Sugar Manufacturing Firms In Kenya","authors":"A. Oloo, Evans Bob Ochieng’","doi":"10.61108/ijsshr.v2i1.88","DOIUrl":"https://doi.org/10.61108/ijsshr.v2i1.88","url":null,"abstract":"Sugar manufacturing firms in Kenya have faced a myriad of challenges with regard to cost control, production inefficiencies, incompetent management and lack of information technology integration in production issues which are directly controlled by management. The influence of corporate governance on supply chain resilience of sugar manufacturing firms in Kenya thus cannot be underrated. The specific objective of the study was; to assess the effect of Corporate Governance on Supply chain Resilience of Sugar Manufacturing firms in Kenya. The research study methodology followed a descriptive approach with a target population of the study of 240 respondents, covering various departments within the Sugar firms. A census survey was conducted on all the 15 registered sugar manufacturing firms in Kenya. Data collected was analyzed by both descriptive and inferential statistics using statistical package for social sciences (SPSS Version 28). Descriptive statistics involved calculation of means, frequencies, percentages and standard deviation. Inferential statistics on the other hand included the use of Pearson correlation coefficient to determine the extent of relationship among the independent study variables, while multiple regression analysis was used to establish the relationship between corporate governance and supply chain resilience. Findings from data analysis in the study indicated that corporate governance was significantly responsible for the supply chain resilience of sugar manufacturing firms in Kenya. Consequently, yielding a positive relationship in the regression model. The findings from the regression model indicated that corporate governance, significantly and positively affected supply chain resilience of sugar manufacturing firms in Kenya. The study therefore recommended that the management of sugar manufacturing firms in Kenya in collaboration with the appointing authorities should embrace good practices when appointing managing directors in-charge of the sugar firms to achieve supply chain resilience through, continuous production, resource optimization, quality output and general bottom line improvement.","PeriodicalId":438312,"journal":{"name":"International Journal of Social Science and Humanities Research (IJSSHR) ISSN 2959-7056 (o); 2959-7048 (p)","volume":"13 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140716025","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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