Abstract This study examines the influence of credit risk on the shareholder market value of commercial banks listed in the Nairobi Securities Exchange. A mixed-method approach and concurrent design were used in this study. Logistic regression was performed to ascertain the influence of credit risk on shareholder market value of commercial banks listed in the Nairobi Securities Exchange as a quantitative method and processes tracing as a qualitative approach to trace the causal mechanism by ...
Abstract Worldwide, Small and medium-size enterprises (SMEs) exhibit inimitable financial needs. While SMEs remain fundamental to economic growth, their mortality rate in Kenya approaches 90% by the second year, mainly owing to lack of credit. However, scholarly endeavors exploring the impact of alternative finance (AF) on managerial competency -efficiency nexus for manufacturing SMEs have received little attention in Kenya. To resolve this conundrum, a thorough study to investigate how AF i...
Abstract This study examined the performance of Microfinance Institutions (MFIs) in Kirinyaga County and particularly the women groups affiliated to the Institutions because they are registered as social welfare groups,(save for deposit taking MFI’S) and therefore they are not regarded as financial institutions and hence not registered at all and are also not under the control of Central Bank of Kenya, or the Micro finance regulatory body The Research targeted 300 employees of MFIs under s...
Abstract Financial inclusion has been found to play a critical role in poverty and unemployment reduction through household investments. This has seen countries put concerted efforts towards enhancing financial inclusion with the main objective of reducing poverty and unemployment. Kenya has also put efforts and has seen notable levels of increase of financial inclusion. Majority of the citizens can now access wide range of financial services. Contrary to high levels of financial inclusion i...
Abstract This paper interrogates industrial development in Kenya. It presents a discourse in support of modernizing local technologies and focusing on small manufacturing enterprises (Jua Kali) to anchor sustainable industrial development in Less Developed Countries. The trend in production and performance in Wood Industry in Kenya is used to demonstrate that relying on modern technology brought in by foreign Direct Investment does not always lead to sustainable development. The paper is inf...
Abstract The objective of this study was to analyze the distribution of income and livelihood strategies among the horticulture farming households in Nyeri District, Kenya through the estimation of the Gini Coefficient. The study used secondary data obtained from a National Household Survey carried out in 2007 by Tegemeo Institute of Agricultural Policy and Development. The estimated Gini coefficients indicated that there is variability in the distribution of incomes among the households in ...
Abstract Financial inclusion has been found to play a critical role in poverty and unemployment reduction through household investments. This has seen countries put concerted efforts towards enhancing financial inclusion with the main objective of reducing poverty and unemployment. Kenya has also put efforts and has seen notable levels of increase of financial inclusion. Majority of the citizens can now access wide range of financial services. Contrary to high levels of financial inclusion i...
Abstract Trade-off theory of capital structure uses static and dynamic approach. The use of static approach has been prevalent. Despite the importance of dynamic capital structure the debate in Kenya is so far inconclusive. Therefore, to fill this gap, there was ne speed & of adjustment from target capital structure of listed non-financial firms in Kenya. Causal research design was used. The population for this study was 65 listed firms with only 35 non- financial firms sampled due to exclus...
Abstract At the end of 2016, adults to the tune of 25 percent had not attained inclusion in financial matters. The general objective was to determine the effect of mobilebanking on financial inclusion among SMEs in Kakamega County, Kenya. This study was founded on the diffusion-innovation theory.The descriptive research design was adopted for a population of 9116, comprising 5108 small businesses and 4008 small-medium businesses in Kakamega County, Kenya. This study sampled 369 SMEs, who for...
Abstract The purpose of the research was to determine whether or not the implementation of the Integrated Financial Management Information (IFMIS) financial reporting system improved the financial management of county governments in Kenya. The descriptive survey design and the causal research methodology were used for this study. The target population consisted of 302 workers working in the Treasury Department in the county governments of Kakamega, Busia, Vihiga, and Bungoma. This included 4...
Abstract Savings and Credit Cooperative Organizations (SACCOs) are key components of the economy and social development. However, it’s experiencing both internal and external issues that should be handled. The study attempted to identify the effects of business financial parameters on the performance of SACCOS in Nandi County. Specifically, the study investigated the effects of the management of loan debtors on the financial performance of SACCOs in Nandi County. The study was guided by li...
Abstract Asset quality compliance is relatively important; however, the banking sector has undergone major financial shocks due to compliance signals. With losses experienced among commercial banks, for instance, return on assets (ROA) dropped consistently from 29% to 24% in 2019 to 21% in 2020, hence the wrong signals. The decline in the number of assets and low deposits further magnified the challenge; this led to the closure of a number of banks, such as Chase Bank and Charterhouse Bank. ...
This study investigated the Loss Aversion bias effect on investment decision short and long term under the moderating role of financial knowledge in the Pakistan stock market both in short and long run collected data from a sample of 160 investors. In the methodology econometric techniques, i.e. Reliability analysis, statistics of demographic variables, descriptive, correlation analysis, and regression analysis has been applied. The results reveals that Loss Aversion bias negatively affec...
There are hosts of dynamics contributing to financial inclusion. These sources may be both from the demand side and supply side. The government and financial institutions use several policy initiatives to encourage the supply of financial services to the excluded sector. However, the demand-side factors of financial access have attracted little focus. This study provides an over-view of sources of financial inclusion and highlights the policy measures from the perspective of consumers of fina...
The financial performance of consumer goods firms in Nigeria is constrained by a weak macroeconomic framework with persistent exchange rate volatility, multiple exchange rate windows and forex restrictions, and distortionary activities by the central bank. Thus, persistent exchange rate volatility exposes the companies to external risks because their projected revenue and costs, alongside profit margin and earnings per share, are affected. Hence this study examined the effect of exchange rate...