A decline in financial performance has recently been observed for a number of mutual funds in Kenya. Overall, differences in important metrics show inconsistent economic performance among Kenya's mutual funds year over year. It was... more
A decline in financial performance has recently been observed for a number of mutual funds in Kenya. Overall, differences in important metrics show inconsistent economic performance among Kenya's mutual funds year over year. It was critical to determine whether overconfidence bias would be to blame for the portfolio performance trend while evaluating this. The goal of this study was to ascertain the impact of overconfidence bias on mutual funds' performance in Kenya and to scrutinize the moderating effect of fund size on the relationship between overconfidence and mutual funds’ portfolio performance in Kenya. The study employed a causal research design. Study panel data were gathered. Secondary information was gathered from previously released financial statements of mutual funds during a period of eleven years, from 2011 to 2021. With the use of the data gathering tool, secondary data was gathered. Stata software version 15 was used to conduct the data analysis. A test for ...
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The research paper examines determinants among dividend payout of non-financial firms listed on Nairobi Securities Exchange. The NSE has 50 listed non-financial companies as per NSE 2012 report. Purposive sampling technique was used anda... more
The research paper examines determinants among dividend payout of non-financial firms listed on Nairobi Securities Exchange. The NSE has 50 listed non-financial companies as per NSE 2012 report. Purposive sampling technique was used anda sample of 30 non-financial companies for duration of five years from 2007 to 2011 was selected. Secondary data was collected from audited financial statements of companies from Nairobi Securities Exchange website and the websites of non-financial firms' .Dividend payout ratio was dependent variable while independent variables were profitability, Growth, current earnings, and liquidity. Size and business risk was taken as moderating variables. Descriptive statistics and multiple regressions were used. Return on equity current earnings and firms' growth activities were found to be positively correlated to dividend payout Business risk and size,both the two taken as moderating variables increase the precision of significant variables from 95% t...
Research Interests:
Research Interests:
Account receivables have been a majo`r problem for most utility service providers especially those still dealing with the post payment method where services are rendered before payment are made. This study sought to find out effect of the... more
Account receivables have been a majo`r problem for most utility service providers especially those still dealing with the post payment method where services are rendered before payment are made. This study sought to find out effect of the average collection period and financial performance. The study obtained secondary data spanning from 2012 to 2016 from Kenya national audit office and Nzoia Water Services Company published financial statements. The study employed explanatory research design and data was collected from secondary data and analyzed using regression and correlation analysis and found the relationship between financial performance. From the findings the mean average collection period was 309.90 days, accounts receivable turnover had a mean of 1.1980, size of the region (7.5870). The results showed that NZOWASCO, financial performance variable Return on Equity (ROE) was significantly affected with average collection period with negative correlation-0.232. According to t...
Research Interests:
Research Interests:
This paper captures aspects regarding relationships between corporate governance, dividend policy and performance of banks listed on Nairobi security exchange for 5year period from 2007-2011. Apart from the available researches which... more
This paper captures aspects regarding relationships between corporate governance, dividend policy and performance of banks listed on Nairobi security exchange for 5year period from 2007-2011. Apart from the available researches which mainly show relationships of two aspects, the present study focuses on the relationship of three aspects of banks which interlink from stakeholders perspective and can cause economic decline or success. This paper finds that dividend yield for banks listed on NSE as proxy of dividend policy is significant and positively correlated to business risk andgrowth opportunities GO thus tend to follow signaling hypothesis, also positively correlated to CEO duality but negative and significant to board independence as corporate governance proxies. Return on assets ROA as a performance indicator is positively correlated to board size (number of directors) and is significant.
Research Interests:
A decline in financial performance has recently been observed for a number of mutual funds in Kenya. Overall, differences in important metrics show inconsistent economic performance among Kenya's mutual funds year over year. It was... more
A decline in financial performance has recently been observed for a number of mutual funds in Kenya. Overall, differences in important metrics show inconsistent economic performance among Kenya's mutual funds year over year. It was critical to determine whether overconfidence bias would be to blame for the portfolio performance trend while evaluating this. The goal of this study was to ascertain the impact of overconfidence bias on mutual funds' performance in Kenya and to scrutinize the moderating effect of fund size on the relationship between overconfidence and mutual funds’ portfolio performance in Kenya. The study employed a causal research design. Study panel data were gathered. Secondary information was gathered from previously released financial statements of mutual funds during a period of eleven years, from 2011 to 2021. With the use of the data gathering tool, secondary data was gathered. Stata software version 15 was used to conduct the data analysis. A test for ...
Research Interests:
The research paper examines determinants among dividend payout of non-financial firms listed on Nairobi Securities Exchange. The NSE has 50 listed non-financial companies as per NSE 2012 report. Purposive sampling technique was used anda... more
The research paper examines determinants among dividend payout of non-financial firms listed on Nairobi Securities Exchange. The NSE has 50 listed non-financial companies as per NSE 2012 report. Purposive sampling technique was used anda sample of 30 non-financial companies for duration of five years from 2007 to 2011 was selected. Secondary data was collected from audited financial statements of companies from Nairobi Securities Exchange website and the websites of non-financial firms' .Dividend payout ratio was dependent variable while independent variables were profitability, Growth, current earnings, and liquidity. Size and business risk was taken as moderating variables. Descriptive statistics and multiple regressions were used. Return on equity current earnings and firms' growth activities were found to be positively correlated to dividend payout Business risk and size,both the two taken as moderating variables increase the precision of significant variables from 95% t...
Research Interests:
Research Interests:
Account receivables have been a majo`r problem for most utility service providers especially those still dealing with the post payment method where services are rendered before payment are made. This study sought to find out effect of the... more
Account receivables have been a majo`r problem for most utility service providers especially those still dealing with the post payment method where services are rendered before payment are made. This study sought to find out effect of the average collection period and financial performance. The study obtained secondary data spanning from 2012 to 2016 from Kenya national audit office and Nzoia Water Services Company published financial statements. The study employed explanatory research design and data was collected from secondary data and analyzed using regression and correlation analysis and found the relationship between financial performance. From the findings the mean average collection period was 309.90 days, accounts receivable turnover had a mean of 1.1980, size of the region (7.5870). The results showed that NZOWASCO, financial performance variable Return on Equity (ROE) was significantly affected with average collection period with negative correlation-0.232. According to t...
Research Interests:
Research Interests:
This paper captures aspects regarding relationships between corporate governance, dividend policy and performance of banks listed on Nairobi security exchange for 5year period from 2007-2011. Apart from the available researches which... more
This paper captures aspects regarding relationships between corporate governance, dividend policy and performance of banks listed on Nairobi security exchange for 5year period from 2007-2011. Apart from the available researches which mainly show relationships of two aspects, the present study focuses on the relationship of three aspects of banks which interlink from stakeholders perspective and can cause economic decline or success. This paper finds that dividend yield for banks listed on NSE as proxy of dividend policy is significant and positively correlated to business risk andgrowth opportunities GO thus tend to follow signaling hypothesis, also positively correlated to CEO duality but negative and significant to board independence as corporate governance proxies. Return on assets ROA as a performance indicator is positively correlated to board size (number of directors) and is significant.
Research Interests:
Research Interests:
Research Interests:
Research Interests:
The study sought to examine the effect of Accounting Information and Communication control on the financial performance of Sacco’s in Kenya. The study employed a mixed research design targeting 175 Sacco’s with 875 respondents. A... more
The study sought to examine the effect of Accounting Information and Communication control on the financial performance of Sacco’s in Kenya. The study employed a mixed research design targeting 175 Sacco’s with 875 respondents. A purposive sampling technique was used to select the CEOs, Finance Managers, Risk Managers, ICT Managers and Internal auditors. Data were collected by the use of both primary and secondary techniques. Primary data collection was using questionnaires, while secondary data detailed document analysis of audited accounts to capture information on financial performance. A pilot study was conducted in Nairobi County. Content and construct validity were tested at a KMO value of 0.870, which signified that factor analysis was appropriate. Cronbach Alpha was applied to establish reliability, ranging from 0.859 for accounting information and communication control to 0.916 for financial performance. Data were analyzed by use of descriptive and inferential statistics. D...
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Even though manufacturing firms in Kenya are of great value, there are inadequacies in financial performance. Kenyan Manufacturing firms are reporting losses, as evidenced by audit committee shortcomings and low earnings. The objective of... more
Even though manufacturing firms in Kenya are of great value, there are inadequacies in financial performance. Kenyan Manufacturing firms are reporting losses, as evidenced by audit committee shortcomings and low earnings. The objective of the study was to determine the effect of audit committee effectiveness on the financial performance of manufacturing firms in Kenya. This study adopted a mixed research design with a target population of eight manufacturing firms listed at the Nairobi Securities Exchange (NSE), all of which were involved through the census. Secondary data was collected from financial statements between the 2015 and 2021 financial years. Data analysis involved descriptive and inferential statistics. Descriptive based on frequencies, percentages, and the mean. Pearson correlation results showed a weak but significant correlation between financial performance and audit committee effectiveness (ACE) (r=0.0355, p<0.05 and r=0.0858, p<0.05 for LN ACE 1& LN ACE2 res...