Business, Economics and Management Research

Permanent URI for this collectionhttp://197.136.59.112:4000/handle/123456789/159

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Start date: 2020

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Now showing 1 - 4 of 4
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    Financial Inclusion and Stock Market Developmentin Kenya; ACase of Kajiado County
    (Blue Print Academic Publishers, 2024-09-22) Munene, Wanja Agnes; Koech, Alex
    The Group of Twenty (G20) recognizes that financial inclusion as a key enabler in the fight against poverty. In effort to alleviating poverty in Kenya, the government identified the stock market as a key avenue in mobilizing resources. The Development of its stock market is thus vital avenue that could be used to mobilize investment funds required for implementation of vision 2030 projects. However, the stock market is contributing less than one percent of growth financing against the government expectation of ten percent. This study therefore, sought to investigate the effect of financial inclusion on stock market development in Kenya. The specific objectives were to determine the effects of access to financial services, usage of financial services, quality of the products and the service delivery on stock market development in Kenya. Using stratified random sampling, a sample size of 482respondents was drawn from a target population.Multiple regression Model was employed in order to determine the relationship between financial inclusion and stock market participation in Kenya. The study found out there was a strong positive relationship between financial access, usage and product quality and stock market development.Also, financial access(β=.061, p<0.05), usage(β=.083, p<0.05)and product quality(β=.476, p<0.05)has a positive and statistically significant effect on stock market development in Kenya.In addition, the study found that most of the responses on advanced financial literacy questions were performed below average indicating low financial literate levels among the respondents.The study recommends that the county government initiate programs that will enhance financial inclusion in the county, this will not only enhance stock market development but also other market sectors.
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    Use of Geo-Information Tools to Investigate Flood Risk: A Case Study of Kwale County
    (International Center for Humanitarian Affairs, 2020) Makena, Betty; Osunga, Michael; King'ori, Sarah; Abdillahi, Halima Saado
    Five years since the adoption of the Sendai Framework for Disaster Risk Reduction 2015-2030, the concept of building resilience amongst communities to flooding is still a major concern in developing countries. This is evident from the ever-increasing flood events across Kenya and the inability of communities affected by floods to act appropriately prior to a flood event. Kwale County, in Kenya, the example of this study typifies this situation. Kenya Red Cross Society implemented a project whose goal was to strengthen institutional and community capacity in anticipatory flood risk management. The project employed the early warning services (EWS) model in understanding knowledge of flood risks. To investigate flood risk in Kwale County, openly available geo-information tools were used in systematic collection of information to understand areas exposed to floods, the communities affected and impacts they experience. These tools included; the Height Above Nearest Drainage (HAND) that identified flood prone areas and dwellings at risk of flooding from satellite imagery analysis. Open Street Map Automated Navigation Directions (OsmAnd) mobile navigation system that geo-located dwellings at risk of flooding and Kobo that collected geo-tagged data to validate inhabited buildings as to whether they are at risk of flooding. The results showed that, HAND technique identified dwellings at risk of flooding with 89% accuracy. Geo-location using OsmAnd showed that most houses identified to be at risk of flooding were falling within a circle with a radius of 5 meters. The results also show that the majority of the study area is characterized by moderate to very high flood hazard risks; 16% characterized by very high flood hazard risk, while 26% are at medium risk of flooding. This study demonstrates that HAND is a reliable tool for identification of houses at risk of flooding. The county government of Kwale and other acting institutions should endeavor in the use of these geo-information tools in investigating flood risk. Information obtained from these tools will enable such institutions to understand flood prone areas and communities at high risk of floods for better prioritization of early warning system needs and in guiding flood preparedness and early response activities.
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    Exploring Public-Private Partnerships for Sustainable Growth and Corporate Governance in Kenyan Universities
    (BluePrint Academic Publishers, 2024-01-27) Wanjau, Jackson; Maguta, Ann
    Kenyan universities are grappling with the dual challenge of achieving sustainable growth amidst financial constraints and ensuring effective corporate governance to meet global standards. Therefore, this study explored Public-Private Partnerships (PPPs) for sustainable growth and corporate governance in Kenyan Universities. The study was guided by Institutional theory and Resource dependence theory. Descriptive research design was utilized in the study. The target populations were 96 top university management staff from 35 Universities in Kenya. Using Yamane’s formula, a sample size of 77 respondent was arrived at. Neyman allocation formula was used for sample size distribution. Stratified sampling technique was used to select respondents. Structured questionnaires were used to collect primary data. Content validity and Cronbach's alpha was used to determine validity and reliability of the research instruments. Descriptive (frequencies, percentages, mean and standard deviation) was adopted to analyse collected data. The findings revealed universities uses joint venture partnerships, strategic partnerships, special purpose vehicle arrangement, build - transfer-and-operate and contract PPPs arrangements in the financing of infrastructure projects. Further, the respondents were to a little extent satisfied with use of green building design architecture, conservation of energy practices, conservation and preservation of water as an operational practice in PPPs. Lastly, they were to a moderate extent satisfied with the fact that implementation of operational practices is done with a focus on promoting effective corporate governance in universities in Kenya. Given the respondents' limited satisfaction, there is a need for universities and PPP stakeholders to intensify efforts in incorporating and promoting these sustainable practices. This involves leveraging innovative technologies, strategic partnerships, and rigorous monitoring to ensure that sustainability becomes a central tenet of future PPP initiatives.
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    The Effect of Organization Agility on Organization Performance in the Time of Covid-19: A Case of Universities in Kenya
    (Journal of Business, Economics and Management Research Studies, 2024-01-28) Wanjau, Jackson; Maguta, Ann
    The COVID-19 pandemic has ushered in an unprecedented era of challenges, particularly for institutions of higher education worldwide. In Kenya, universities have grappled with disruptions to traditional academic operations, including the sudden shift to remote learning, financial uncertainties, and changes in student and staff dynamics. This dynamic context has underscored the importance of organizational agility as a critical determinant of performance in the face of uncertainty. The ability of universities to swiftly adapt, innovate, and strategically respond to the evolving landscape is paramount for maintaining operational continuity, sustaining educational quality, and safeguarding the well-being of their academic community. Therefore, this study assessed the effect of organization agility on organization performance in the time of Covid-19 in universities in Kenya. The study was anchored The Path Goal Theory and Expectancy Theory. The study utilized mixed research design. The target population was 68 Chartered Public and Private Universities in Kenya. Structured questionnaire was distributed to human resource officer and top management officers from 34 selected universities. Construct validity and Cronbach's alpha was to determine validity and reliability of research instruments. Data was analysed descriptively and inferentially using multiple linear regression. Human resources agility had a positive and significant affect organization performance (β =0. 317; p=0.000). Also, innovation agility had a positive and statistically effect on organization performance (β =0.182; p=0.016). Further, information technology agility had a positive and statistically effect on organization performance (β =0.163; p=0.020). Lastly, strategic agility had a positive and statistically effect on organization performance (β =0.196; p=0.014). Based on the findings, it is recommended that universities institutions should strategically invest in enhancing agility across these four agilities.